Thomas Cook CEO resigns amid debt concerns

Posted 04/08/2011

Thomas Cook Group CEO Manny Fontenla-Novoa resigned Wednesday "with immediate effect," the company announced in a statement. Fontenla-Novoa's departure comes just weeks after the group issued a third profit warning for the current fiscal year and amid concerns about the tour operator's rising debt levels. Deputy CEO Sam Weihagen was appointed interim CEO.

Originally published 4 Aug 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/_M6b35tEIpo/thomas-cook-ceo-resigns-amid-debt-concerns-0803

Comments not enabled