Flight comparison site Skyscanner has appointed internet tycoon Ray Nolan, the founder of Hostelworld.com, as its new chairman.
Nolan's appointment follows his sale last year of Hostelworld.com parent company Web Reservations International for $340m.
"We are delighted to have Ray as our new chairman," said Skyscanner chief executive Gareth Williams. "We"ve had a very steep growth trajectory in the last two years and are now set to leverage that as we aim for the number one position worldwide.
"Ray Nolan has hugely relevant industry and entrepreneurial experience and a proven track record of creating great companies with high growth.
"As one of the fastest growing technology companies in the UK, Skyscanner has many of the characteristics that made HostelWorld successful and we look forward to drawing on Ray"s experience and working with him to explore the potential for strategic partnerships and ventures."
Skyscanner, which claims to have more than 10m users a month, recently announced a record £3.5m quarter.
By Linsey McNeill
Monday, October 25, 2010