Thomas Cook: Review of French Business
04-Mar-2013 We have now concluded the review of Thomas Cook's French business and following this process we have taken the decision to retain the business within the Group and implement a specific Transformation programme for France to improve performance. The business will now come under the direct responsibility of our Continental European segment with Reto Wilhelm, Managing Director West and East, taking overall responsibility for the business from 1 April. The French leadership team will report to Reto Wilhelm.
Peter Fankhauser, CEO UK & Continental Europe, said:
"This is a positive move forward for our customers and employees in France as we implement our plans to return the business to profitability under the leadership of our senior French team, working closely with Reto Wilhelm, a skilled and experienced European travel executive."