Heinrich-Ludger Heuberg, CEO Group Operations, Thomas Cook Group plc to take over as Chairman of

Thomas Cook India; Udayan Bose to step down

 

May 28, 2009: Thomas Cook India Limited (TCIL) today announced that Mr Heinrich-Ludger Heuberg, Chief Executive Officer, Group Operations, Thomas Cook Group plc will take over as the new non-executive Chairman of TCIL and Mr. Udayan Bose will be stepping down as the non-executive Chairman of the company.

 

In Mumbai to attend the Company’s Annual General Meeting, Mr Heuberg said “I am delighted to have the opportunity of working more closely with the Indian business. We have a very ambitious agenda for its development, which will involve a greater level of co-operation with the rest of the Group’s international business.

 

Mr. Udayan Bose said, “With Thomas Cook Group plc owning close to 80% of the Indian company’s stock, it is only correct that one of the shareholder’s representatives should more closely manage the destiny of this very successful Indian subsidiary. The global travel business is undergoing huge challenges and at a time like this Mr. Heuberg’s knowledge of the sector and leadership will be of great benefit to the Indian company. These three and a half years have been very exciting with one acquisition and then one merger which both integrated very successfully. The company is now very robust and in the hands of an excellent management team”

 

About Mr Heinrich-Ludger Heuberg

Heuberg joined Thomas Cook in 2004. He was Chief Financial Officer of the Group until June 2008. Prior to joining the Company he was CFO of Lufthansa Cargo AG, CFO of Kolbenschmidt-Pierburg AG and director of Mauser Waldeck AG.

 

About Thomas Cook (India) Limited

Thomas Cook (India) offers a broad spectrum of travel and related services such as Foreign Exchange, Packaged & Customized Holidays, travel insurance, Pre Paid Cards etc. as well as hotel and flight reservations. Thomas Cook has been present in India for over 127 years and operates over 160 offices at various locations in the country and has operations in Sri Lanka & Mauritius. It employs around 2,500 employees all over. In its initiative to be a ‘One Stop Shop’, the Company offers a range of travel and financial services / products to its customers. Additional information on Thomas Cook (I) Limited is available on the Company website www.thomascook.in

 

About Thomas Cook Group plc

Thomas Cook Group plc is one of the world’s leading leisure travel groups with sales of £8.8 billion, 22.3million customers, 31,000 employees, a fleet of 93 aircraft and a network of over 3,400 owned and franchised travel stores and interests in 86 hotels and resort properties. It operates under five geographic segments in 21 countries, and is number one or two in all its core markets.

 

 

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Kruti.sharma@in.thomascook.com

www.thomascook.in/corporate