The former chief executive of Thomas Cook Group, who was at the helm when the iconic brand collapsed four years ago, is returning to the travel industry as chair of German firm itravel, it is reported.
Peter Fankhauser, The Times reports, has also been appointed chief executive of Manres, a consultancy specialising in leadership development.
He head up Thomas Cook when the company fell into liquidation in September 2019 after it failed to secure a rescue deal of around £900 million with its creditors.
When Fankhauser became chief executive of the company in November 2014, the business held £1.3 billion of debt and interest payments equalling £170 million a year.
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The former chief executive of Thomas Cook Group, who was at the helm when the iconic brand collapsed four years ago, is returning to the travel industry as chair of German firm itravel, it is reported.
Peter Fankhauser, The Times reports, has also been appointed chief executive of Manres, a consultancy specialising in leadership development.
He head up Thomas Cook when the company fell into liquidation in September 2019 after it failed to secure a rescue deal of around £900 million with its creditors.
When Fankhauser became chief executive of the company in November 2014, the business held £1.3 billion of debt and interest payments equalling £170 million a year.
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