REG - Hostelworld Grp PLC - Non-Executive Chair to Step Down

HostelworldAnnouncement

20/03/2025 07:15

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RNS Number : 3661B  Hostelworld Group PLC  20 March 2025

LEI:213800OC94PF2D675H41

 

Hostelworld Group plc ("Hostelworld" or the "Group")

Board Change

Hostelworld today announces that following his acceptance of an offer to
become the full-time CEO of a large internationally based company at a later
date in 2025, Ulrik Bengtsson has informed the Board of his decision to step
down as Chairman and Non-Executive Director of Hostelworld. Ulrik will remain
as Chairman and Non-Executive Director of the Board until 31 October 2025. The
Board will immediately begin the recruitment process for a new Independent
Non-Executive Chair to guide the Company on its next stage of ambitious
growth, and a further update will be provided in due course.

The Company acknowledges the compelling opportunity this new CEO role
represents and thanks Ulrik for his valued and continuing contribution since
joining the Board in May 2024.

Ulrik Bengtsson, Hostelworld Chairman, commented:

"The opportunity to return to a full-time CEO position was compelling and is
something that I am excited about. During my period at Hostelworld, we have
worked intensively on the future growth strategy for the Group, which will be
outlined at our capital markets day in April. I have great conviction in the
growth potential of the Company and the continuing success of the Group's
distinctive social strategy."

For further information please contact:

 Hostelworld Group plc                      Corporate@hostelworld.com
 Gary Morrison, Chief Executive Officer

 Caroline Sherry, Chief Financial Officer

 

 Sodali & Co       hostelworld@sodali.com (mailto:hostelworld@sodali.com)
 Eavan Gannon      Tel: +44 (0) 20 7250 1446

 

About Hostelworld Group

Hostelworld Group Plc is a ground-breaking social network powered OTA focused
on the hostelling category, with a clear mission to help travellers find
people to hang out with. Our mission statement is founded on the insight that
the vast majority of travellers go hostelling as a means to meet other people;
which we facilitate through a series of Social features on our platform that
connect our travellers in hostels and cities based on their booking data. To
date the strategy has been extraordinarily successful, generating significant
word of mouth recommendations from our customers and strong endorsements from
our Hostel partners.

Founded in 1999, Hostelworld is a well-known trusted brand with 250 employees
across 11 countries; hostel partners in 170 countries; and a strong commitment
to building a better world in all that we do. In particular, our focus in the
last few years has been on improving the sustainability of hostelling
industry, through our membership of the Global Sustainable Tourism Council
(GSTC); our active involvement in the Global Tourism Plastics Initiative
(GTPI); our partnerships with Bureau Veritas to establish emissions benchmarks
for the hostelling industry; and our recent partnership with the South Pole to
be a climate neutral company in 2021 and 2022.

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