Travel Agents

Helloworld searching for new CFO after Burnett resigns

Helloworld’s chief financial officer, Michael Burnett, has handed in his resignation.

Burnett will be leaving the business in January 2020 after joining in April 2016, during which time he oversaw the transformation of the business over the last three-and-a-half years.

Helloworld said in a statement that it is currently undertaking an executive search and expects to be able to announce Burnett’s replacement in the next few weeks.

“Michael has done an outstanding job on behalf of all HLO stakeholders and we look forward to announcing details of Michael’s replacement in the coming weeks,” Andrew Burnes, CEO and managing director of Helloworld, said.

This announcement comes just days after Helloworld released its quarterly trading update, revealing the company expected to lose under $1 million as a result of the collapse of Tempo Holidays and Bentours last month.

“Helloworld Travel and its network members have ensured that no customers were out of pocket as a result of the collapse, and while some customers had to pay again for accommodation in the first few days following the collapse, they have either been or will be reimbursed on return to Australia,” the company said.

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