Ian McCaig to Be Appointed Chief Executive of lastminute.com as Brent Hoberman Becomes Chairman
24 April 2006 - 7:30PM
Business Wire
Travelocity announces that Ian McCaig has been appointed as Chief
Executive Officer of lastminute.com, its European online travel and
leisure group. Ian, currently lastminute.com's Chief Operating
Officer, steps into the role as Brent Hoberman, the company's
co-founder, becomes part-time chairman of the group. Ian will
report directly to Michelle Peluso, President and Chief Executive
officer of Travelocity. Brent will play a key role in guiding and
advising Ian on the strategy and development of the group as well
as the continuing development of its marketing and technology
programmes. Damon Tassone remains as deputy CEO and will continue
to be responsible for group-wide strategy, business development and
marketing. In addition to his current responsibilities, he will
oversee lastminute.com's operations in continental Europe. Ian was
appointed COO of lastminute.com in 2003 and has been responsible
for the group's operations throughout Europe. Since joining, he has
worked closely with Brent on the growth and development of
lastminute.com and has successfully led the integration with
Travelocity since its acquisition in July. Aged 40, Ian was
previously Vice President of 3G operations at Nokia and spent seven
years overall in the telecommunications industry. Brent Hoberman
commented: "I am delighted that Ian has agreed to take on such a
high profile and demanding role. He was always the natural choice
to succeed me ever since we hired him as COO three years ago. "This
company has come a long way in the past eight years. It has been a
tremendous journey, but there remains much to be done to
consolidate and extend our position in Europe's travel and leisure
industry. I am confident that Ian is the right person to lead the
business. I'm passionate about lastminute.com and its future
success and I believe my role as chairman will enable me to take a
better perspective of the business and its future strategic
development as a whole and support Ian as he takes the business
forward. "My move to chairman, meanwhile, will also enable me to
spend more time on a number of other business projects. Since I
co-founded lastminute.com in 1998, I haven't seen much daylight and
I feel it's time to broaden out a little." Ian McCaig said: "I'm
naturally delighted to take on this tremendous opportunity and it
will be a privilege to continue working with lastminute.com's
exceptional management team in my new role. lastminute.com is a
special business and has so much more that it can do. We will
continue to develop and innovate to ensure that our customers get
the very best value out of their free time." Michelle Peluso,
president and CEO of Travelocity said: "Ian is a very strong and
seasoned leader and I'm delighted to have him assume his new role.
As we have gone through the integration process, it became clear to
Brent and me that Ian is the perfect choice as CEO. He will do a
great job leading the strong team we have in place in Europe, and
at the same time, Brent will continue to make an enormous
contribution to the development of the business and the brand as
chairman." About lastminute.com lastminute.com is a part of
Travelocity. Its portfolio of European travel and leisure websites
includes consumer brands lastminute.com, travelocity.co.uk, holiday
autos, holidayandmore.com, onlinetravel.com, medhotels,
eXhilaration, first option and travel4less, as well as
degriftour.com and travelprice in France, resfeber.com in
Scandinavia and lastminute.de in Germany. About Travelocity
Travelocity(R) is committed to being the traveler's champion -
before, during and after the trip - and guarantees everything about
a customer's booking will be right. If it's not, Travelocity will
work with its partners to make it right, right away. This
customer-driven focus, backed by live 24/7 phone support, great
prices and powerful shopping technology has made Travelocity the
fifth largest travel agency in the U.S. - booking $7.4 billion in
travel worldwide in 2005. Based in Southlake, Texas, Travelocity
also owns and operates Travelocity Business(SM) and GetThere(R) for
corporate travelers, lastminute.com, a leader in European online
travel and ZUJI, a leader in Asia-Pacific online travel.
Travelocity is owned by Sabre Holdings Corporation (NYSE: TSG), a
world leader in travel commerce.
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