NEW YORK, March 8, 2019 /PRNewswire/ -- This
International Women's Day, Travelzoo® (NASDAQ: TZOO), a global
publisher of exclusive offers and experiences for members, would
like to remind the public that Travelzoo still remains the only
U.S. listed company with an 80% female board of directors. One
thing that has changed is Travelzoo's share price. Under the
stewardship of its almost all-female board, the share price has
increased by 54%, as measured by the average closing share price
over the 30 days preceding the appointment of its 80% female board,
versus the average closing share price over the last 30 days.
The lack of board gender diversity remains a persistent and
global problem. Only 5 of more than 4,000 U.S. listed companies
have 60% or more female board members. In Hong Kong, several reports state that only 11%
of Hang Seng-listed companies have women on their boards. In the
UK, only 27% of FTSE 100 directors are women.
Underscoring the cultural diversity of the company's board,
female Travelzoo board members hail from San Francisco (Beatrice Tarka), New
York (Rachel Barnett),
London (Mary Reilly) and Shanghai (Carrie
Liu).
In November 2017, Travelzoo won
gold in the Stevie® Awards, winning the 'Event of the Year'
category for its groundbreaking panel discussion featuring
Tina Brown C.B.E., founder and CEO
of the Women in the World Media and creator of the Women in the
World Summit, and highlighting its new 80% female board.
Tina Brown commented: "In order
for women to take their rightful place in the C-suite, they need a
seat at the table—the boardroom table to be exact. I salute
Travelzoo for not only recognizing the invaluable contributions
women can make by appointing them to its board, but doing so with
such whole-hearted, ground-breaking enthusiasm."
Ralph Bartel, Travelzoo's
Chairman of the Board, sees the positive influence of more women in
leadership positions: "I have been fortunate working with an 80%
female board over the last 22 months, as our meetings were always
characterized by high efficiency, creativity and smooth
communication."
About Travelzoo
Travelzoo® provides our 28 million members insider deals and
one-of-a-kind experiences personally reviewed by one of our deal
experts around the globe. With 25 offices worldwide, we have our
finger on the pulse of outstanding travel, entertainment, and
lifestyle experiences. For over 15 years, we have worked in
partnership with more than 2,000 top travel suppliers—our
long-standing relationships give Travelzoo members access to the
very best deals.
Certain statements contained in this press release that are not
historical facts may be forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities and Exchange Act of 1934. These
forward-looking statements may include, but are not limited to,
statements about our plans, objectives, expectations, prospects and
intentions, markets in which we participate and other statements
contained in this press release that are not historical facts. When
used in this press release, the words "expect", "predict",
"project", "anticipate", "believe", "estimate", "intend", "plan",
"seek" and similar expressions are generally intended to identify
forward-looking statements. Because these forward-looking
statements involve risks and uncertainties, there are important
factors that could cause actual results to differ materially from
those expressed or implied by these forward-looking statements,
including changes in our plans, objectives, expectations, prospects
and intentions and other factors discussed in our filings with the
SEC. We cannot guarantee any future levels of activity, performance
or achievements. Travelzoo undertakes no obligation to update
forward-looking statements to reflect events or circumstances
occurring after the date of this press release.
Travelzoo and Top 20 are registered trademarks of Travelzoo. All
other names are trademarks and/or registered trademarks of their
respective owners.
Travelzoo
590 Madison Avenue
37th Floor
New York, NY 10022
Media contacts:
Christie McConnell – New York
+1 212 484 4912
cmcconnell@travelzoo.com
Cat Jordan – London
+44 20 7420 0416
cjordan@travelzoo.com
Xu Lin – Shanghai
+86 216 056 1056
xlin@travelzoo.com
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SOURCE Travelzoo