Thomas Cook reconstitutes board

Thomas Cook (India) has reconstituted its board following the takeover by Dubai Investment Group in December.

The Indian arm of Europe's second-biggest travel company, Thomas Cook (India) Ltd said on Saturday that it has reconstituted its board following the takeover by Dubai Investment Group in December.

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The company informed the Bombay Stock Exchange that Ashwini Kakkar had ceased to be the Managing Director, CEO and Director and it had appointed Additional Directors as well.

The newly appointed Additional Directors, Udayan Bose, Jacqueline Gorski, Sayanta Basu, Dilip De, Abdul Hakeem Kamkar and AV Rajwade would hold office until the next AGM.

Heinz-Ludger Heuberg, Juergen Bueser, Roland Zeh, Ian Ailles and Thomas Doering (Chairman) have resigned as directors.

Thomas Cook AG had earlier entered into an agreement to sell 100 per cent of the equity of Thomas Cook International Markets to Dubai Financial (LLC), a subsidiary of Dubai Investment Group (LLC).