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Former Thomas Cook bosses and auditors to face grilling

High street
Gary Noakes
21 October 2019

Former Thomas Cook chief executives Manny Fontenla-Novoa and Harriet Green will be grilled by MPs this week along with the firm’s auditors.

Manny Fontenla-Novoa

Parliament’s inquiry into Cook’s collapse will continue on Tuesday and Wednesday following criticism of the two former chiefs and accountancy firms PwC and EY.

Fontenla-Novoa was at the helm of the company when it underwent rapid expansion from 2003-2011, with some believing the debt mountain built up during this period contributed to its demise.

Green is under the spotlight for her remuneration package during a two-year period in which she led the operator.

Both former chiefs will give evidence to the government’s Business, Energy and Industrial Strategy Committee on Wednesday. Also present will be Bill Scott, former chief finance officer.