Lastminute.com Group announced Monday that the board appointed Laura Amoretti as interim CEO, effective immediately, and stripped CEO Fabio Cannavale and Chief Operating Officer Andrea Bertoli of all duties at the company for three months because of the Swiss fraud investigation.

Cannavale and Bertoli have been detained by Swiss authorities over allegations that the Amsterdam-based online travel company misused Swiss-provided Covid-relief aid.

The board announced it will launch a search for a permanent CEO.

Amoretti has served as the Group’s chief customer officer since 2019.

Board chairman Laurent Foata said in a statement: “Laura is a very committed and dynamic leader with vision, energy and substantial relevant experience with our group. Her contribution will be especially precious at this juncture. We look forward to engaging closely with Laura in her new role as she will lead our business forward in this stage of our journey towards profitable growth in the field of travel.”

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Tags: corporate governance, covid relief funds, europe, lastminute.com, metasearch, online travel agencies