Hostelworld chairman Michael Cawley said he will step down in October, after nine years at the helm of the board of the hostel-booking company that targets millennial and Gen-Z backpackers.
The former Ryanair deputy chief executive will be succeeded by Ulrik Bengtsson, who recently stepped down as chief commercial officer at Virgin Media O2 in the UK to focus on “non-executive opportunities”. The Swedish native previously served as chief executive of bookmakers William Hill.
Mr Bengttson has been appointed a non-executive of Hostelworld pending the handover. Mr Cawley, whose other non-executive positions include board seats at Ryanair and chairmanship of data centre developer Winthrop, also said Hostelworld plans to repay the remaining €7.5 million balance on an AIB loan by the end of June, two years ahead of schedule.
“I am pleased to report that trading remains consistent with the trends outlined in our March preliminary results continuing into 2024,” Mr Cawley said in a…
