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29 Nov 2018 07:15
29 November 2018
Thomas Cook Group plc
(the "Company")
Director Announcement under LR 9.6.11
On 24 September 2018, the Company announced that Sten Daugaard was appointed to the role of CFO on an interim basis. Today the Company further announces that Sten Daugaard has been appointed as an executive director, with effect from 1 December 2018, to serve on the Board as interim CFO.
There is no information to be disclosed under LR 9.6.13.
The remuneration package for Sten Daugaard, which is consistent with the Remuneration Policy approved by shareholders at the AGM in February 2017, is as follows:
Annual salary: | £420,000 |
Bonus opportunity: | 150% |
Share Awards: | No Share Award |
Cash allowance in lieu of pension: | 20% of annual salary |
Monthly accommodation and travel allowance: |
£8,333 payable as Sten is non-UK resident and is required to be based at the Group's head office in London |
Enquiries:
Alice Marsden Group General Counsel and Company Secretary 020 7557 6400 | Matthew Magee Head of Corporate Communications 020 7294 7059 |
Thomas Cook (TCG)
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