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Beckett to stay on as Thomas Cook chairman

Thomas Cook Group chairman Michael Beckett has agreed to serve for a further year until February 2012.


This will allow the company to source a successor and ensure a smooth transition.


Non-executive directors, under the leadership of senior independent director Roger Burnell have commenced a process to identify and appoint a new chairman.


“This will be carried out with a view to ensure that there will be sufficient time for induction of the chairman elect and a smooth succession into the role, and will involve the appointment of external search and selection advisers,” Thomas Cook said.


Beckett’s additional year as chairman is subject to his re-election by shareholders at the company’s annual general meeting in London on February 11.


He will then retire from office at the AGM to be held in February 2012.
 

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