Hostelworld Group PLC Board Changes Update (8890W)
20 November 2017 - 6:00PM
UK Regulatory
TIDMHSW
RNS Number : 8890W
Hostelworld Group PLC
20 November 2017
Hostelworld Group plc
("Hostelworld", "the Group" or "the Company")
Board Changes Update
Hostelworld, the world's leading hostel-focused online booking
platform, announces the appointment, effective 27 November 2017, of
Eimear Moloney as a Non-executive Director.
Eimear is a Chartered Accountant and has held Senior Investment
Manager roles in Zurich Life Assurance (Ireland) plc during the
past 17 years with responsibility for all major markets including
the Irish, U.S. and U.K. equity portfolios, sector, stock analysis
and selection. Prior to that Eimear worked with Bankers Trust Funds
Management Ltd in Australia and also with Crowe Horwath, Chartered
Accountants. Eimear also holds a B.A. (Hons) in Accounting and
Finance and MSc. (Hons) Investments and Treasury.
Further to the announcement made on 22nd August 2017,
Hostelworld also announces the following additional board and
committee changes:
-- Richard Segal will resign as Non-executive Chairman and
Chairman of the Nomination Committee with effect from close of
business on 1 December 2017
-- Michael Cawley, who has held the role of Senior Independent
Director since 2015, will succeed Richard Segal as Chairman of the
Board and Chairman of the Nomination Committee with effect from
close of business on 1 December 2017
-- Andy McCue, a Non-executive Director since 2015, will succeed
Michael Cawley as Senior Independent Director and Eimear Moloney
will succeed Michael Cawley as Chairperson of the Audit Committee
with effect from close of business on 1 December 2017.
Richard Segal will remain on the board as a non-executive
director until 31 December 2017, when he will resign from the board
and all committees of the board, to ensure a seamless and orderly
handover to Michael Cawley.
Feargal Mooney, Chief Executive Officer, commented:
"I welcome Eimear Moloney to Hostelworld. Her strong investment
management experience will be of enormous benefit to the Group as
we execute on our strategic objectives and continue to grow the
business.
I would like to thank Richard Segal for his valuable
contribution to Hostelworld during his 6-year tenure as
non-executive Chairman, during which time the Group underwent
significant change and development as both a private and listed
business. The Board expresses its deep gratitude for his
outstanding guidance and contribution during that time and wishes
him well in the future.
I look forward to working with Michael in his role as Chairman
of the Company."
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 regard to Eimear Moloney, as a newly appointed Director.
ends
For further information please contact:
Hostelworld Group plc
Feargal Mooney, Chief Executive Officer
Mari Hurley, Chief Financial 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
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