Hostelworld Group PLC Directorate Change (7602Z)
September 23 2020 - 1:00AM
UK Regulatory
TIDMHSW
RNS Number : 7602Z
Hostelworld Group PLC
23 September 2020
LEI:213800OC94PF2D675H41
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
Finance
Powerscourt
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
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