BusinessCompany NewsHollingworth travels to Thomas Cook as CFO

Hollingworth travels to Thomas Cook as CFO

Thomas Cook appoints seasoned finance professional Paul Hollingworth as CFO - and posts better than expected results

Paul Hollingworth will start the new year as group CFO at holidays business
Thomas
Cook
.

He was most recently CFO of Mondi Group, and is an expereinced finance
professional. He has served as group FD of BPB, De La Rue and Ransomes. He also
chairs the audit committee at Electrocomponents.

Juergen Bueser has stepped down as CFO following a period of ill health, but
he has recovered well and will serve as its group strategy director.

Acting group CFO Ludger Heuberg will hand over to Hollingworth and return to
his operational role.

Manny Fontenla-Novoa, chief executive officer, said: “I am delighted to
welcome Paul to the Board and very much look forward to working closely with him
in the future. I would also like to take this opportunity to thank both Juergen
for his valuable contribution as Group CFO and Ludger for his excellent input as
acting group CFO.”

The tour operator beat market expectation with its annual results today.

Underlying pre-tax profits for the year to September was £308.2 million,
broadly in line with last year and ahead of city predicitons of a 3% fall.

Shares were trading at 214p in mid-afternoon, a 0.9% decrease on its opening
price of 223p.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor