Drive American

Published on Friday, October 11, 2019

MPs to quiz Fontenla-Novoa and Green over Thomas Cook collapse

Thomas Cook's former chief executives Manny Fontenla-Novoa and Harriet Green will be quizzed by MPs investigating the company's collapse.

However, the first people to be questioned will be the leadership team at the time of the failure, including chief executive Peter Fankhauser.

The Business, Energy and Industrial Strategyselect committee will grill Fankhauser, chairman Frank Meysman, chief financial officer Sten Daugaard, and the head of Thomas Cook's remuneration committee Warren Tucker at a session next Tuesday.

The committee, chaired by the Labour MP Rachel Reeves, is expected to focus on executive salaries, corporate governance, the firm's high debts and the role of its auditors.

PwC, Thomas Cook's auditor until 2017, will give evidence, as will the Financial Reporting Council and the government's Insolvency Service, which is managing the company's liquidation.

Manuel Cortes, the general secretary of the transport workers' union TSSA, will also be involved in the inquiry.

Fonenla-Novoa, who was in charge of the company from 2003 to 2011, and Green, who led the company for two years following his departure until she was replaced by Fankhauser, will be called to give evidence at a later, as yet unconfirmed date.

Story Image

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story

NOTE: Comments are subject to admin approval before being posted.
  • they might just say

    get stuffed. They don't have to appear. It's not a court.

    By Michael Anderson, Friday, October 11, 2019

Mole Poll
'WTM London abandons plans for live 2020 event' - Will Covid prove the end for WTM ?
No 50.42 %
Yes 49.58 %

Thank you for your vote

What is GoodtoGo?

Submit your news
or special offer

Current UK Special Edition

Current US Special Edition

Current Asia/Pacific Special Edition


Air Transat are 'over ready' for take off as long as the governments act fast

Craig and Andy of Flexireps explain the range of services they offer and to whom

Visit Brighton launch new 'Never Normal' campaign and look to a post Covid world

PATA UK Chapter Chairman talks about 2021 as the start of the come back for the region