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Thomas Cook says CEO Harriet Green to step down

Reuters - UK Focus

LONDON, Nov 26 (Reuters) - British holiday company Thomas Cook said its chief executive Harriet Green was stepping down, two years after leading a turnaround of the group.

Warning that its pace of growth would moderate next year to reflect a tougher trading environment, Thomas Cook (Xetra: A0MR3W - news) said that Green would be replaced by chief operating officer Peter Fankhauser with immediate effect.

The CEO change came as the company reported a 44 percent jump in earnings before interest and tax (EBIT) to 323 million pounds ($507.43 million) for the year ended September, broadly in line with a Thomson Reuters consensus forecast of 320 million pounds. (1 US dollar = 0.6365 British pound) (Reporting by Sarah Young; editing by James Davey)