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EX-10.1 - EX-10.1 - Orbitz Worldwide, Inc. | c58608exv10w1.htm |
8-K - FORM 8-K - Orbitz Worldwide, Inc. | c58608e8vk.htm |
Exhibit 99.1
Contact: | Brian Hoyt | |||
+1 312 752 5436 | ||||
bhoyt@orbitz.com |
For Immediate Release
Orbitz Worldwide Announces Planned Retirement of
Chief Financial Officer Marsha Williams
Chief Financial Officer Marsha Williams
CHICAGO, June 8, 2010 Orbitz Worldwide, Inc. (NYSE: OWW) today announced the planned retirement
of Chief Financial Officer Marsha Williams. The company will be initiating a search for a
successor.
We are grateful to Marsha for all of her contributions to Orbitz Worldwide, including her roles in
the companys IPO and the stabilization of our business through last years challenging economic
period, said Barney Harford, president and CEO of Orbitz Worldwide. Under Marshas leadership,
Orbitz Worldwide successfully established its own stand-alone public company finance function as we
separated from our former parent company, Travelport. Over the past 18 months, Marsha successfully
led our efforts to drive nearly $45 million in operating and capital costs out of the business.
Most recently, she played a pivotal role in our debt-for-equity swap and Travelports additional
equity investment, both of which have significantly improved the capital structure of our business.
Everyone at the company thanks her and wishes her well.
I want to thank my team for their hard work during what has been a very exciting time for this
company, and will enjoy watching their future growth and success, said Marsha Williams, SVP and
CFO of Orbitz Worldwide.
Orbitz Worldwide recently adopted a policy limiting the number of public company boards on which an
employee of the Company may serve. My decision to retire was a difficult one, but I am looking
forward to being able to devote more time to the boards on which I serve, continued Marsha
Williams.
Marsha Williams has agreed to serve as Chief Financial Officer through the end of the year and will
assist the company during its search for a successor.
About Orbitz Worldwide
Orbitz Worldwide (NYSE: OWW) is a leading global online travel company that uses innovative
technology to enable leisure and business travelers to research, plan and book a broad range of
travel products. Orbitz Worldwide owns and operates a portfolio of consumer brands that includes
Orbitz
(more)
(http://www.orbitz.com), CheapTickets (http://www.cheaptickets.com), ebookers
(http://www.ebookers.com), HotelClub (http://www.hotelclub.com), RatesToGo
(http://www.ratestogo.com), the Away Network (http://www.away.com), and corporate travel brand
Orbitz for Business (http://www.orbitzforbusiness.com). For more information on how your company
can partner with Orbitz Worldwide, visit http://corp.orbitz.com.
Orbitz Worldwide uses its Investor Relations website to make information available to its investors
and the public at http://www.orbitz-ir.com. You can sign up to receive email alerts whenever the
company posts new information to the website.
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