Technology

Trivago CEO steps down, taps CFO for top role

Trivago’s CEO and managing director Rolf Schrömgens has signalled his departure from the roles with Axel Hefer, the company’s CFO set to take the reins.

After 15 years of leading the company he co-founded, Schrömgens will join Trivago’s advisory board when he officially leaves the leading roles on 31 December 2019.

Matthias Tillmann, senior vice president and head of corporate finance, will become the new CFO, succeeding Hefer.

“It’s every founder’s goal to be able to create a company and team that you are confident in passing along to the next generation,” said Schrömgens.

“In the last years, we have been leading Trivago together as a team, and I believe that Axel will fill the CEO role with the same passion and dedication as I have. I know he will continue to develop the organization and execute on the strategy the leadership team has put in place. As a member of the Supervisory Board, I look forward to working with Axel in a new way and support him and the company in this next chapter.”

“Since joining Trivago, I have seen the entrepreneurial spirit Rolf led with, and how it drove our culture and employees to be some of the most dedicated and passionate people I have had the privilege to work with,” said Hefer.

“Together, we will build on the journey Rolf started and lay the foundation for 2020 and beyond, as we enter this new phase of innovation and growth for our employees, customers, partners and shareholders.

“I also want to congratulate Matthias on his new position. He has played an instrumental role as part of our leadership team, and becoming CFO is a natural next step for him and Trivago. I’ve seen him grow tremendously throughout his years here, earning the respect of our employees, customers and shareholders. I am looking forward to working even more closely with him in this next chapter.”

Hefer joined Trivago in 2016 as managing director and CFO at the same time the company made its initial public offering.

Effective December 31, 2019, Schrömgens will replace David Schneider, who resigned from the Supervisory Board in October 2019. Frédéric Mazzella will replace Schneider on Trivago’s Audit Committee with immediate effect.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Travel Agents

“We will all get through this”: Guy Sebastian’s heartwarming message to MTA agents

The ARIA award-winning singer-songwriter sent a video to MTA agents and its head office team extending his support amid the coronavirus crisis.

Share

CommentComments

Destinations

Destination Wrap: Tourism Australia’s message of hope, Vanuatu keeps it beautiful + MORE!

Despite hardship, tourism boards and destinations near and far are staying hopeful, with their eyes set firmly on recovery.

Share

CommentComments

Hotels

Accor pledges $125 million towards COVID-19 employee fund

The hotel giant will allocate 25 per cent of a withdrawn dividend to a special-purpose fund for its employees.

Share

CommentComments

Destinations

Security guard becomes social media icon after taking over cowboy museum’s Twitter account

Amid public closures due to COVID-19 around the world, a museum employee has become an instant social media sensation.

Share

CommentComments

Aviation

Qantas, Flight Centre mooted as acquisition targets for Wesfarmers

While the uncertain future of Virgin Australia has stolen most of the spotlight amid the COVID-19 crisis, speculation surrounding its fierce rival is now heating up.

Share

CommentComments

Cruise

Carnival to face criminal investigation over Ruby Princess deaths

NSW Police will investigate whether or not Ruby Princess followed state and biosecurity laws when it docked in Sydney, after an 11th passenger dies.

Share

CommentComments

Travel Agents

Coronavirus claims Ensemble Travel Group’s ANZ business

by Huntley Mitchell

In sad news, Ensemble Travel Group will close its Australia and New Zealand business next month, as the company scrambles to stay afloat during the COVID-19 crisis.

Share

CommentComments

Cruise

Police pull off largest peacetime operation to get cruise ships home

NSW Police have pulled off what they are calling ‘Operation Nemesis’ in a bid to get cruise ships back to their home port and crew members repatriated.

Share

CommentComments

Travel Agents

AFTA to help agents mentally prepare for challenges ahead

Are you struggling with your mental health amid all the uncertainty and damage caused by COVID-19? We highly recommend checking out these new webinars courtesy of AFTA.

Share

CommentComments

Wholesalers

Intrepid launches social media campaign to highlight the importance of travel

The adventure travel company is encouraging travellers to write a letter to someone who made their travel experience special.

Share

CommentComments

Aviation

STUDY: Australia’s airline emissions could halve due to COVID-19

This new bit of research proves there’s a silver lining to the impact of COVID-19 on commercial aviation.

Share

CommentComments

News

How Travel Weekly has got your back during the COVID-19 crisis

We’ve come up with a few initiatives to help you recover from the impact of the COVID-19 crisis and come out the other side stronger than ever. Find out what they are here.

Share

CommentComments