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Thomas Cook appoints new chairman

Thomas Cook

Frank Meysman has replaced Michael Beckett as chairman of Thomas Cook.

Meysman was previously executive vice president of The Sara Lee Corporation. He will take over as chairman on 1st October and will take over following a two month handover from Beckett on December 1st. Beckett is set to retire.

Beckett's departure follows the same of chief executive Manny Fontenla-Novoa who left the company in August. His former deputy Sam Weihagen, who is due to retire at the end of the year, is acting chief executive while the company seeks a permanent replacement.

"The Group currently faces a number of significant challenges, but in the medium to longer-term we will be well positioned to build shareholder value on the back of premium brands and a fine heritage in the UK as well as internationally," said Meysman.

"I am delighted to have been given such an exciting opportunity and I look forward to working with my new executive and non-executive colleagues on the Board."

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