Business
Board Changes
Board Changes.
About this update from Hostelworld Group Plc
[{"type":"text","content":"\n \nRNS Number : 5925O Hostelworld Group PLC 22 August 2017 \n\nHostelworld Group plc\n(\"Hostelworld\", \"the Group\" or \"the Company\")\nBoard Changes\nHostelworld, 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. \nAfter 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. \nHostelworld also announces the appointment, effective 1 October 2017, of Carl Shepherd as a Non-Executive Director. \nCarl 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. \nThe 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.\nRichard Segal, Chairman, commented:\n\"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.\"\n\"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 internat...