Lastminute.com parent Travelocity Global has confirmed its chief executive Ian McCaig is to leave the company as Ed Kamm becomes the online travel agents’ president.

McCaig will leave the company on December 10 after four and a half years in the role and is understood to be moving to an advisory role in the energy sector.

He said: “lastminute.com has been an all-consuming passion for me these past seven and a half years.

“The e-commerce industry has changed enormously since I started in 2003, but lastminute.com remains one of its best-known brands.

“The company is very well positioned to take advantage of the many new opportunities that the web has to offer in the future. Ed Kamm has been a close colleague for more than five years and I leave the business in very safe hands.”

Kamm has had a 16 year career at Sabre and Travelocity Global, and joined lastminute.com group as CFO in 2005 and became COO in 2007. 

Over the last three years, he has been responsible for product strategy, portfolio management, sales and customer service and working closely with McCaig on building lastminute.com group’s forward strategy.

Hugh Jones, president and CEO, Travelocity Global said, “I want to thank Ian for his leadership over the past years and for the continuing progress we have seen at lastminute.com.

“I am delighted that we have an excellent successor in Ed Kamm whom I am very confident will take the business forward successfully in the years to come.”