Business
Non-Executive Chair to Step Down
Non-Executive Chair to Step Down.
About this update from Hostelworld Group Plc
[{"type":"text","content":"\n\nLEI:213800OC94PF2D675H41\n \nHostelworld Group plc (\"Hostelworld\" or the \"Group\")\nBoard Change \nHostelworld today announces that following his acceptance of an offer to become the full-time CEO of a large internationally based company at a later date in 2025, Ulrik Bengtsson has informed the Board of his decision to step down as Chairman and Non-Executive Director of Hostelworld. Ulrik will remain as Chairman and Non-Executive Director of the Board until 31 October 2025. The Board will immediately begin the recruitment process for a new Independent Non-Executive Chair to guide the Company on its next stage of ambitious growth, and a further update will be provided in due course.\nThe Company acknowledges the compelling opportunity this new CEO role represents and thanks Ulrik for his valued and continuing contribution since joining the Board in May 2024. \nUlrik Bengtsson, Hostelworld Chairman, commented:\n\"The opportunity to return to a full-time CEO position was compelling and is something that I am excited about. During my period at Hostelworld, we have worked intensively on the future growth strategy for the Group, which will be outlined at our capital markets day in April. I have great conviction in the growth potential of the Company and the continuing success of the Group's distinctive social strategy.\"\nFor further information please contact:\n\n\n\n\nHostelworld Group plc\n\n\[email protected]\n\n\n\n\nGary Morrison, Chief Executive Officer\nCaroline Sherry, Chief Financial Officer\n \n\n\n\n\n\n\n\n \n\n\n\n\nSodali & Co\n\n\[email protected]\n\n\n\n\nEavan Gannon \n\n\nTel: +44 (0) 20 7250 1446\n\n\n\n\n \nAbout Hostelworld Group\nHostelworld Group Plc is a ground-breaking social network powered OTA focused on the hostelling category, with a clear mission to help travellers find people to hang out with. Our mission stateme...