Christopher Mottershead stands down as CEO of Travelzest plc
22 June 2009
Chris Mottershead, founder and CEO of Travelzest PLC ("the Company") is pleased to confirm that the Company's investigation into the allegation of a potential misappropriation of funds has been concluded and his suspension lifted. The allegation has been found to be unsubstantiated and all monies have been accounted for. All matters in dispute between him and the Company have been satisfactorily resolved.
Chris also announces that he has stepped down as CEO but will remain with the Company until 15 July 2009 and as a director of the Company until further notice.
In a statement released today Chris said "It is with some personal sadness that I will soon be leaving Travelzest to pursue new opportunities in the travel industry. Since I established the Company in 2005 I have shared some of the most challenging and rewarding years of my professional life with some extremely talented individuals whose contribution to Travelzest's success has been invaluable. In addition to expressing my gratitude to them I would like to wish everyone involved with the Company continued success in the future".