RNS Number : 7602Z

Hostelworld Group PLC

23 September 2020


Hostelworld Group plc

("Hostelworld" or the "Group")

Directorate Change - Chief Financial Officer

Hostelworld, a leading global OTA focused on the hostel market, today announces that TJ Kelly, Chief Financial Officer, is leaving the Group to become Chief Financial Officer of Origin Enterprises plc.

TJ will step down as an Executive Director and Chief Financial Officer by 1 March 2021 at the latest. The Group maintains comprehensive succession plans and conducted a rigorous succession planning exercise during 2020 to identify successors for the Company's senior executives. In line with the Group's succession planning, TJ will be succeeded by Caroline Sherry, Group Financial Controller, who will, in due course, be appointed to the Board of Hostelworld as an Executive Director. The Nomination Committee unanimously approved the selection of Caroline as Chief Financial Officer and recommended her appointment to the Board.

Caroline joined Hostelworld Group in November 2019 as Group Financial Controller and has worked closely with TJ during this time. She joined from Glanbia plc's Performance Nutrition division where she was Director of Financial Planning & Analysis. Prior to this, Caroline held a number of strategic and commercial finance roles at Ulster Bank Group, a subsidiary of NatWest Group. Caroline is a fellow of the Institute of Chartered Accountants in Ireland and completed her training in PwC. She holds a BSc (Hons) in Food Science and an MBS (Hons) in eBusiness.

Gary Morrison, Chief Executive Officer, commented: "TJ has been a dedicated and professional colleague, has made a significant contribution to Hostelworld since taking up the role of CFO in 2018 and I have thoroughly enjoyed working with him. He leaves with our very best wishes for the future. I am delighted that Caroline is becoming our new Chief Financial Officer. She has made a huge contribution to the finance team at Hostelworld and brings exceptional experience having worked for global consumer and financial services companies. Caroline will be working closely with TJ over the next number of months to ensure an orderly transition of his role. "

There is no information to disclose under LR 9.6.13 R of the UK Listing Authority's Listing Rules in respect of Ms. Sherry's appointment.

For further information please contact:

Hostelworld Group plc 
 Gary Morrison Chief Executive Officer    Tel: +353 (0) 1 498 0700 
 Rudolf O'Kane Head of Commercial 
 Jack Hickey / Jack Shelley               Tel: +44 (0) 20 7250 1446 
                                          Email: hostelworld@powerscourt-group.com 

About Hostelworld Group

Hostelworld Group, the global hostel-focussed online booking platform, inspires passionate travellers to Meet The World, and come back with life-changing stories to tell. Our customers are not your average tourists; they crave cultural connection and unique experiences that we make possible by providing an unbeatable selection of hostels in unmissable locations - all in the palm of their hand.

It is the social nature and community feel of hostels and their environment that enable travellers to embrace journeys of discovery, adventure and meaning. We have more than 13 million reviews across more than 17,700 hostels in more than 179 countries, making our brand the leading online hub for social travel. Our website operates in 19 different languages and our mobile app in 13 languages.

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(END) Dow Jones Newswires

September 23, 2020 02:00 ET (06:00 GMT)