NEW YORK, Sept. 17, 2008 (GLOBE NEWSWIRE) -- Travelzoo (Nasdaq:TZOO), a global Internet media company, today named Holger Bartel, 41, as Chief Executive Officer effective October 1, 2008. The company's current CEO, Ralph Bartel, will continue to serve as chairman of the board.
"Holger oversaw Travelzoo's operations in North America from 2001 to 2007 and drove rapid and consistent growth in revenue and profits during that time," said Ralph Bartel, CEO, Travelzoo. "His deep operational experience in sales, content, marketing and production combined with his strategy background as a management consultant at McKinsey & Company make him a first-rate candidate for the CEO position."
"With our business growing rapidly outside North America, this change will allow me to spend more time with our employees in 21 offices around the world," commented Ralph Bartel. "By sharing the company's vision and strategy with Travelzoo's staff in 12 countries, I want to ensure that our global growth strategy is well and coherently executed."
Holger Bartel, Ph.D., served as the company's executive vice president from 2001 to 2007 and served as vice president of sales and marketing from 1999. From 1995 to 1998, Mr. Bartel was an engagement manager at McKinsey & Company in Los Angeles. From 1992 to 1994, Mr. Bartel was a research fellow at Harvard Business School. Mr. Bartel holds an MBA in Finance and Accounting and a Ph.D. in Economics from the University of St. Gallen, Switzerland. Mr. Bartel has served as a member of the board of directors of Travelzoo since June 2005. He is the brother of Ralph Bartel.
About Travelzoo
Travelzoo is a global Internet media company. Travelzoo's media properties, which reach more than 12 million travel enthusiasts in the U.S., Australia, Canada, China, France, Germany, Hong Kong, Japan, Spain, Taiwan and the U.K., include the Travelzoo(r) Web site (www.travelzoo.com), the Top 20(r) list, the Newsflash e-mail alert service, the Travelzoo Network and SuperSearch, a travel search engine. Travelzoo publishes offers from more than 900 advertisers. Travelzoo's deal experts review offers to find the best travel deals and confirm their true value. Travelzoo's global headquarters is in New York City.
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