Hostelworld Group, a booking service for hostels around the world, has named its new chair and announced an earlier-than-planned repayment of a debt facility thanks to strong trading ahead of its Annual General Meeting (AGM).
The online platform, whose AGM takes place today in Dublin, has announced that its current chair, Michael Cawley, is retiring and named Mr Ulrick Bengtsson, the former CEO of William Hill and chief operating officer at Virgin Media O2, as Cawley’s successor.
Cawley has been Hostelworld’s chair since 2015 and made his name as deputy chief executive of Ryanair, a position from which he stepped down in 2014. Bengstsson will assume the role of chair after Cawley departs in October.
In a statement to markets, the outgoing chair also…
