BusinessPeople In BusinessNo holiday for new Thomas Cook CFO

No holiday for new Thomas Cook CFO

Renewing tour operator's banking facility will be one of Paul Hollingworth's first challenges

Paul Hollingworth might struggle taking a summer holiday next year in his new
role as Thomas Cook CFO. The tour operator’s €1.8bn (£1.6bn) banking facility is
due to expire in May 2011, with chief exec Manny Fontenla-Novoa saying it
planned to complete the refinancing arrangement next summer.

Most recently, Hollingworth was CFO of international packaging company Mondi
Group. He has also served as FD at both money printers De La Rue and
manufacturers of building materials BPB.

Hollingworth replaces acting CFO Ludger Heuberg who returns to his
operational role. The CFO position was vacated by Jurgen Bueser who stepped down
earlier this year due to a period of ill health. He will now stay on with the
company as group strategy director.

New Zealander Chris Liddell steps down from his role as group CFO of
Microsoft to seek new challenges next year. Microsoft made $3bn (£1.8bn) worth
of cuts earlier this year, including its first company-wide redundancies.
Liddell told the New Zealand Herald he had achieved everything he wanted to at
Microsoft and his time at the company had come to a natural conclusion. He is
succeeded by divisional CFO Peter Klein, current CFO of the IT giant’s business
sector.

Adrian Owen is welcomed as partner at Blake Lapthorn in the insolvency and
business recovery team. Owen is responsible for developing the client base and,
in particular, building extra services for banks and asset-based lenders. He was
previously at accountants Lamb Brooks, where he was head of business recovery
and insolvency.

Another insolvency move sees Tom Atkinson take on the role of business
development manager at restructuring firm Refresh. He joins from
PricewaterhouseCoopers where he worked in its Leeds office. He has previously
worked in the insolvency divisions at both KPMG and Coopers & Lybrand.

Related Articles

Shortlist announced for British Accountancy Awards 2017

Accounting Firms Shortlist announced for British Accountancy Awards 2017

4m Emma Smith, Managing Editor
Pimlico Plumbers to take employment case appeal to Supreme Court

Legal Pimlico Plumbers to take employment case appeal to Supreme Court

4m Alia Shoaib, Reporter
HMRC appoints new director generals

HMRC HMRC appoints new director generals

5m Alia Shoaib, Reporter
Submit your entry for the British Accountancy Awards!

People Business Submit your entry for the British Accountancy Awards!

5m Emma Smith, Managing Editor
BDO appoints two non-executive directors as advisers to leadership team

Accounting Firms BDO appoints two non-executive directors as advisers to leadership team

6m Emma Smith, Managing Editor
Ex-HMRC chief to join ICAS council

HMRC Ex-HMRC chief to join ICAS council

8m Emma Smith, Managing Editor
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Settlement reached between Margaret May and CIMA

Accounting Standards Settlement reached between Margaret May and CIMA

11m Stephanie Wix, Writer