Thomas Cook Chief Executive to depart
Thomas Cook has announced that non-executive director Peter Marks, the former chief executive of the The Co-operative Group, will retire from the Thomas Cook Board after the annual general meeting.
Marks, who joined Thomas Cook following the merger with Co-op in 2011, will hand over the chair of the Health, Safety and Environmental Committee by independent non-exectuive director Emre Berkin.
Thomas Cook chairman Frank Meysman said: "I would like to thank Peter for his support and contribution as a Board member and as Chair of the Health, Safety & Environmental Committee.
"My fellow Directors and I wish him well for the future."
64-year-old Marks, who was given a CBE for services to the retail industry in the 2013 New Year’s Honours List, retired from the Co-op last May. He was later forced to defend his time at the company before the Treasury Select Committee following the discovery of a £1.5 billion capital shortfall in the mutual’s banking arm – where he was a non-executive director – which he blamed on the bank’s former chief executive David Anderson.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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