The UK’s On the Beach Group has now said chief financial officer Shaun Morton will take up his new position as CEO on June 30.
The confirmation follows the London Stock Exchange-listed company’s completion of its search for a new finance chief to replace him. Now Jon Wormald will be taking the role, the company announced on Friday.
On the Beach announced in December Simon Cooper was to step down, without specifying why.
Wormald joins On the Beach from e-commerce retailer THG, formerly The Hut Group. He also previously worked at the Co-operative Group Limited.
“Jon’s senior financial and operational roles will be invaluable to us at On the Beach as we continue to strengthen the brand and bring our leading customer proposition to a broader audience of beach holiday makers,” Morton said.
Cooper will move to a “founder director” role at the beach holiday specialist. Its Nomination Committee is also looking for an additional independent non-executive director.
“Once this position is filled, the board composition will remain in line with the requirements of the UK Corporate Governance Code,” the company said.
On the Beach is one of the UK’s largest online beach holidays retailers, and aims to become Europe’s leading beach holiday retailer.