Hostelworld Group PLC Board Changes (5925O)
August 22 2017 - 2:01AM
UK Regulatory
TIDMHSW
RNS Number : 5925O
Hostelworld Group PLC
22 August 2017
Hostelworld Group plc
("Hostelworld", "the Group" or "the Company")
Board Changes
Hostelworld, the world's leading hostel-focused online booking
platform, announces that Richard Segal has informed the Board of
his intention to resign as Non-Executive Chairman, a position he
has held for 6 years. Richard has led the Group through a period of
strong change and growth, as both a private and listed business,
and the Board expresses its deep gratitude for his guidance and
contribution during that time.
After a period of transition Richard will be succeeded by
Michael Cawley, currently Senior Independent Non-Executive
Director, during 2017 at a date yet to be confirmed.
Hostelworld also announces the appointment, effective 1 October
2017, of Carl Shepherd as a Non-Executive Director.
Carl brings an immense wealth of listed company experience in
the international on-line travel industry. This includes 10 years
with HomeAway, which he co-founded in 2005 and where he served on
the Board of Directors and was the company's founding Chief
Operating Officer and Chief Strategic and Development Officer, a
capacity he fulfilled until its sale to Expedia, Inc. in December
2015, and his current Board position at @Leisure Group, one of the
largest on-line markets for holiday rental in Europe. His previous
roles include COO and Chief Development Officer of Hoover's Online,
which he helped develop to become a leading source for business
information online, culminating in an IPO in 1999 and its
subsequent sale to Dun & Bradstreet in March 2003.
The search is underway for a further Non-Executive Director, who
will Chair the Audit Committee subsequent to Michael Cawley
becoming Chairman of the Company, to complement the skills and
experience of the Board.
Richard Segal, Chairman, commented:
"I welcome Carl to Hostelworld. He brings highly complementary
knowledge and experience of our industry and markets, and his
counsel will be of great benefit as we continue to take the Group
forward."
"It has been a privilege to undertake the role of Chairman of
Hostelworld over the last 6 years, a period which has seen the
Group undertake much change and make strong progress. Hostelworld
is very well positioned to prosper in its growing international
markets, and I wish Michael, Feargal and everyone at the Group well
for the future."
Other than those laid out above, the Company confirms that there
are no additional details that are required to be disclosed under
9.6.13R of the Listing Rules of the Financial Conduct Authority,
with regards to Carl Shepherd, as a newly appointed Director.
ends
For further information please contact:
Hostelworld Group plc
Richard Segal, Chairman
Feargal Mooney, Chief Executive Officer
Tel: +353 (0) 1 498 0700
Weber Shandwick
Nick Oborne
Tom Jenkins
Tel: +44 (0) 20 7067 0000
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAOKDDBOBKDCFB
(END) Dow Jones Newswires
August 22, 2017 02:01 ET (06:01 GMT)
Hostelworld (LSE:HSW)
Historical Stock Chart
From Apr 2024 to May 2024
Hostelworld (LSE:HSW)
Historical Stock Chart
From May 2023 to May 2024