MYT has announced two new non-executive Directors, who would have hardly joined if My Travel was about to disappear. Plus one of them has anounced he has bought 100k of MY Travel shares.
MyTravel Group plc
The Board of MyTravel Group plc announces that Mr David Allvey and Mr Roger
Burnell will join the Board as non-executive directors with immediate effect. In
addition, Mr Allvey will assume the role of Chairman of the Audit Committee.
Mr Allvey was until December 2000 Group Finance Director of Barclays Bank PLC
and is currently a non-executive director of several companies and a member of
the UK Accounting Standards Board. He has both executive and non-executive
board level experience gained over many years in major international companies
in the UK, Europe and North America.
Mr Burnell has substantial experience of the vertically integrated tour
operating industry, spending 25 years with Thomson Travel Group rising to Acting
Chief Executive Officer in 1999.
Mr Eric Sanderson, Chairman of MyTravel Group plc, commented:
"I am delighted to welcome David Allvey and Roger Burnell to our Board. David's
strong accounting financial background and Roger's extensive travel industry
experience will complement the skills of our other non-executive directors. I am
sure that they will play a valuable role in helping us to restore the fortunes
of our Group."
For the purposes of Rules 16.3 to 16.5 of the Listing Rules, the Board of
MyTravel Group plc confirms that Roger Burnell has an interest in 110,785
ordinary shares of 10p each registered in the name of his wife.
Save as set out above, there are no matters relating to Mr Allvey or Mr Burnell
which fall for disclosure under paragraphs 6.F.2 (b) to (g) of the Listing
Rules.
ENDS
Enquiries:
MyTravel Group plc 0161 232 6501
Eric Sanderson
Brunswick 020 7404 5959
Fiona Antcliffe/Sophie Fitton
Notes to Editors:
David Allvey was formerly Group Finance Director of Barclays Bank plc, BAT
Industries plc, Allied Zurich plc and was C.O.O. of Zurich Financial Services
A.g. His current other
non-executive roles include Britannic Group plc, Costain Group plc, Intertek
Testing Services plc and William Hill plc.
Roger Burnell worked for Thomson Travel Group plc from 1975-2000 and was
latterly Acting Chief Executive Officer of that group having previously been
Chief Operating Officer. Prior to that he had been Managing Director of its
Horizons Holidays Ltd, Lunn Poly Ltd and Britannia Airways Ltd businesses. He
is currently non-executive Chairman of International
Life Leisure Group Ltd, and non-executive Chairman of The First Resort Ltd. He
is also a non-executive director of The Home Form Group Ltd.
This information is provided by RNS
The company news service from the London Stock Exchange
