MyTravel finance chief steps down
MyTravel finance director David Jardine has left the struggling company 'with immediate effect', and has been replaced by current non-exec Kazia Kantor.
The news came as the tour operator was at last able to post final results, after successfully negotiating an extension of its £250m credit deal until the end of 2003.
It announced a loss of £72.8m for the year ending 30 September 2002, compared to a profit of £62.3m the year before.
MyTravel said the year had been difficult because of ‘changed booking patterns’ following September 11 and a weak performance in the UK.
The company announced three profit warnings between May and November, and recently saw the resignation of chief executive Tim Byrne.