Green stepping down at Thomas Cook

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Published: Wednesday 26th November 2014 by The News Editor

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Thomas Cook boss Harriet Green announced her surprise departure today after two years in which she has overhauled the once-troubled company.

Ms Green, who is stepping down as chief executive with immediate effect, said her work at the company was done after returning it to a sound financial footing. She will be replaced by chief operating officer Peter Fankhauser.

Thomas Cook’s current stock market value of just under £2 billion compares with £148 million when she took the helm in July 2012.

Ms Green said: “I always said that I would move on to another company with fresh challenges once my work was complete. That time is now.

“I wish all of the team at this re-energised company continued success, as they move to the next phase of the company’s development.”

The announcement came as Thomas Cook posted underlying earnings of £323 million for the year to September, an increase of 44% on a year earlier.

Published: Wednesday 26th November 2014 by The News Editor

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