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Amadeus [AMS.MC] today announces that as of 1 January 2011, Luis Maroto, former Deputy CEO of Amadeus, has replaced David V. Jones as President & CEO of the company. The succession plan for Luis to become President & CEO was originally announced in January 2010. Since then Luis has been working closely with David and the Amadeus executive team, to ensure a smooth transition and succession.
• Luis Maroto replaces David V. Jones following one year handover
• Amadeus makes its IBEX-35 debut today
Madrid, Spain, 03 January 2011: Amadeus [AMS.MC], a leading travel technology partner and transaction processor for the global travel and tourism industry, today announces that as of 1 January 2011, Luis Maroto, former Deputy CEO of Amadeus, has replaced David V. Jones as President & CEO of the company.
The succession plan for Luis to become President & CEO was originally announced in January 2010. Since then Luis has been working closely with David and the Amadeus executive team, to ensure a smooth transition and succession.
Luis Maroto has worked for Amadeus for 11 years in a number of positions including CFO. For the last two years as Deputy CEO, he has been instrumental in Amadeus’ return to the stock market with the company’s successful IPO in April 2010 and the subsequent inclusion in Spanish blue-chip index IBEX-35, where the company is debuting today.
Talking about his new role, Luis Maroto, President & CEO of Amadeus, said: “On behalf of all the Amadeus employees I would like to thank David for his commitment and leadership over the last years. It is an honour for me to take on the position of President & CEO of Amadeus and I take up this challenge with huge enthusiasm and look forward to working with our customers, employees and investors in this exciting and growing industry. I am confident that, alongside the company’s outstanding team of professionals, we will ensure that Amadeus continues to be a great company to do business with and continues to lead innovation in the travel and tourism industry”.
About Luis Maroto
Luis became President & CEO of Amadeus on 1 January 2011.
From January 2009 to December 2010, Luis was Deputy CEO of Amadeus, with global responsibility for the strategy of the company from the financial, internal audit, legal and human resources perspectives.
Luis joined Amadeus in 1999 as Director, Marketing Finance. In that role, he was instrumental in supporting Amadeus’ commercial organisation throughout its international expansion and consolidation, supervising the strategic and financial control of over 50 Amadeus subsidiaries around the world.
He was promoted in 2003 to Chief Financial Officer (CFO), taking responsibility for the global Amadeus Finance organisation.
Prior to joining Amadeus, Luis held several managerial positions at the Bertelsmann Group.
A Spanish citizen, Luis holds a degree in Law from the Complutense University, Madrid, an MBA from the IESE Business School and further postgraduate qualifications from Harvard Business School and Stanford.
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Notes to the editors
Amadeus is a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry.
Customer groups include travel providers (e.g airlines, hotels, rail, car rental, ferries, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and individual travellers).
The group operates a transaction-based business model and processed more than 670 million billable travel transactions in 2009.
Amadeus has central sites in Madrid (corporate headquarters and marketing), Nice (development) and Erding (Operations – data processing centre) and regional offices in Miami, Buenos Aires, Bangkok and Dubai. At a market level, Amadeus maintains customer operations through 72 local Amadeus Commercial Organisations covering 195 countries.
Amadeus is listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges and trades under the symbol “AMS.MC”. For the year ended 31 December 2009, the company reported revenues of EUR 2,461 million and EBITDA of EUR 894 million. The Amadeus group employs over 10,200 employees worldwide, with 123 nationalities represented at the central offices.
To find out more about Amadeus please visit www.amadeus.com.
To visit the Amadeus Investor Relations centre please visit www.investors.amadeus.com.
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