Friday, November 04, 2005

New Cheapflights MD looks to accelerate growth

New Cheapflights group managing director Christopher Cuddy has pledged to expand the business into a “truly international” travel comparison portal as the company prepares to accelerate its growth.
Cuddy described Cheapflights as a “pioneering” business with huge opportunities to expand.
His comments come as the business looks set to drive more than £1 billion of sales in 2005.
“Cheapflights is remarkable in that, apart from pioneering a profitable business model in travel price search and comparison in the UK, it has successfully exported this model to the US,” he said.
“Cheapflights has a scaleable and proven business model. I believe it has the opportunity to build from its current base a truly international travel price search and comparison portal. I very much look forward to achieving this goal.”
Cuddy’s appointment completes a new-look management team for the company and follows the recruitment of David Owczarek as group chief operating officer in August.
Cuddy, whose most recent executive role was as vice president and general manager at Lightbridge, a NASDAQ-quoted provider of real-time transaction management services, will be based in Cheapflights’US headquarters in Boston. He will report to chief executive David Soskin.

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