This week Holiday Extras in Germany has announced a change at the top level of its leadership team.
In January 2016, CEO Martin Pundt plans to step into the role of Non-Executive Director after more than 13 years with the company. In this new capacity, he will assist and advise the group towards further expansion. Holiday Extras Group CEO Matthew Pack and Martin Pundt have created a robust handover plan, which will guarantee the smooth transition for customers, business partners and employees.
“We have plenty of time to find a suitable successor to take over the management seamlessly from Martin Pundt,” says Matthew Pack. “We are looking for a Munich-based technology enthusiast with strong operational leadership and networking skills to drive further growth in Germany and Europe.”
Pundt joined the German subsidiary of the British parent company initially in 2002, under the ABC Holiday Plus brand. In 2006, he was appointed Managing Director of the German office and since 2009 has led the GmbH as CEO Continental Europe, driving further expansion into other markets.
“Moving into the position of Non-Executive Director after 13 successful and challenging years gives me the time to achieve personal objectives while still supporting this great team,” explains Martin Pundt about his decision. “Since I will not reduce my time commitment significantly until the beginning of 2016, there is ample time to handover the management to a successor, with whom I will liaise closely.”
Matthew Pack added: “From the start Martin was the face of Holiday Extras in Germany. He has driven the business from a handful in 2002 to 1.2 million in 2014. We owe him a revenue record of €31.5m last year – an increase of 19% on the previous year. Martin and his team are responsible for the company’s success in this important market for us. We’ll miss him, but we respect his wishes and we are happy that he will support Holiday Extras beyond 2015.”
In the first quarter 2015, Holiday Extras Germany recorded a revenue increase of more than 30% for its products at 60 airports in 11 countries in Continental Europe.