CWT appoints new board of directors, chaired by former Interstate Hotels & Resorts chairman and IHG executive Jim Abrahamson Photo Credit: CWT
CWT parent company CWT Travel Holdings has appointed a new board of
directors, chaired by former Interstate Hotels & Resorts chairman
and IHG executive Jim Abrahamson, the company announced on Tuesday.
The new board appointments follow CWT's 12 November exit from Chapter
11 bankruptcy via a prepackaged filing that halved the travel
management company's debt and will raise $350 million in new equity
capital. The restructuring also ended Carlson Holdings majority control
of CWT.
Besides Abrahamson, new CWT board members include:
• Alan
Bowers, former president and CEO of staffing and IT provider Cape
Success, as chair of the board's audit and finance committee
•
Ellen Keszler, president and CEO of travel and technology consulting
firm Clear Sky Associates and former president of Travelocity Business,
as chair of the board's HR and compensation committee
• Former
United Airlines and Hyatt Hotels Corp. executive Tom O'Toole, currently
an associate dean and clinical professor at Northwestern University's
Kellogg School of Management, as chair of the board's nominating and
environmental, social and governance committee
• Former president
and CEO of software company Mindflash Technologies Donna Wells, who has
also been an executive with Charles Schwab, Intuit, Mint.com and American Express
•
Principal consultant and managing partner of business advisory group
Utaza Theresa Wise, who also was Delta Air Lines' SVP and chief
information officer until 2016
CWT CEO Michelle McKinney Frymire also is serving on the board of
directors. At The Beat Live earlier this month, she said CWT is now
working to "accelerate all of the plans that we had been working on
throughout the pandemic" with the restructuring approved.
Source: Business Travel News