Lastminute’s UK boss quitsPosted: April 18, 2014
Lastminute.com managing director UK & Ireland Mark Maddock has stood down from his role.
A spokeswoman said there was no intention to find a replacement in the role, instead Lastminute.com chief executive Matthew Crummack will oversee the overall business.
Maddock joined Lastminute.com in March 2003 from the Holiday Autos Group where he was general manager – Holiday Hotels.
He initially began running the business on a temporary basis in July 2010 before the appointment was formalised in November in the same year.
At the time he was praised for his “astute strategic vision and leadership coupled with a charismatic flair and feel for our brand.”
A Lastminute.com spokeswoman said: “Mark Maddock, who has lead our UK and Ireland business, has decided now is the time to leave Lastminute.com.
“We want to thank Mark for his contribution over the past years; and whilst it’s disappointing to lose a valued leader of the business, we will not be replacing Mark’s role – Lastminute.com CEO Matthew Crummack is overseeing the overall business.”
The announcement comes as speculation grows that Lastminute.com’s owner Sabre Corporation is trying to sell the company.
The OTA had access to 80,000 hotels as of the end of 2013 with 225 employees.
However, analysts have claimed that its most recent figures showing it undertook $2.6 billion in gross bookings in 2012 meant the company was underperforming, given its size.
Sourced by TTG Digital