(RTTNews) - Monday, Thomas Cook Group Plc (TCG.L: News ) announced the appointment of Paul Hollingworth as Group Chief Financial Officer with effect from 1 January 2010. Most recently, Paul was Chief Financial Officer of Mondi Group. Previously, he was Group Finance Director of BPB Plc and prior to that Group Finance Director of De La Rue Plc and Ransomes Plc. Currently he is a Non-Executive Director of Electrocomponents Plc, where he is Chairman of the Audit Committee.

The company said that Juergen Bueser stepped down as Chief Financial Officer and as an Executive Director with effect from 29 November 2009, following a period of ill health. However, Juergen has recovered well and is returning to the business to take up the role of Group Strategy Director. Ludger Heuberg, who has been Acting Group Chief Financial Officer since March 2009, will continue in this role until 31 December 2009 and will ensure a smooth handover to Paul Hollingworth in the New Year; after which time he will return to his operational role.
Peter Middleton has been appointed as an Independent Non-Executive Director with effect from 30 November 2009. He has extensive experience across the global travel and finance industries having been Chief Executive Officer of Thomas Cook between 1987 and 1992, Chief Executive Officer of Lloyds of London between 1992 and 1995 and Chief Executive Officer of Salomon Brothers International Limited between 1995 and 1998. Since 2000 Peter has been Chairman of a number of small listed and private companies in a range of industries.

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by RTT Staff Writer

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