Peter Fankauser is marking his official return to journey after a three-year absence, as he takes on the function of chairman at Germany’s itravel Group.
He has additionally beforehand been an investor and marketing consultant on the Cologne-based tour operator.
Fankauser was CEO of Thomas Prepare dinner Group from 2014 up till its collapse in September 2019. The journey big’s chapter left 600,000 vacationers stranded, 21,000 workers with out jobs and a monetary black gap $12 billion.
Fankhauser was grilled by UK politicians afterwards, alongside different execs, as the federal government tried to determine what went improper. On the time a lot was product of the thousands and thousands former leaders made, via salaries and bonuses, regardless of the corporate collapsing.
In accordance to studies, Fankhauser acquired virtually $10 million in wage and bonuses between 2014 and 2018.
One other former CEO, Manny Fontenla-Novoa, final yr grew to become president of a brand new three way partnership fashioned by the merger of Logitravel and Spanish company group Viajes El Corte Ingles.