Three of the longest serving non-executive directors at Thomas Cook are to step down next month.
David Allvey, Bo Lerenius and Peter Middleton will each retire at the company’s AGM on February 8.
An international search and selection firm has been commissioned to help appoint additional non-executive directors with recent operating experience. Allvey’s retirement comes at the end of nine years of continuous service as a non-executive director of MyTravel and then Cook.
Lerenius and Middleton have decided to retire to allow new chairman Frank Meysman “more flexibility to refresh the board at this stage of the company’s development,” a statement said today.
Senior independent director Roger Burnell, who also joined MyTravel as a non-executive director in 2003, has agreed to remain on the board for a further year “to provide continuity” and will retire at the 2013 AGM.
Meysman said: “I would like to thank David, Bo and Peter for their contribution to the board over the years, and particularly during the recent challenges that the group has had to face.
“I, and my other colleagues on the board, wish them well for the future. I am also grateful to Roger for agreeing to remain on the board for a further year.”