CHICAGO, June 18, 2009 /PRNewswire-FirstCall via COMTEX/ -- Orbitz Worldwide Inc. (NYSE: OWW) today announced the appointment of Frank Petito as President, Orbitz for Business (www.orbitzforbusiness.com). Previously Frank was senior vice president of corporate development for Orbitz Worldwide. Frank replaces Dean Sivley, who left the company recently to pursue other professional opportunities.
"In the 7 years since its inception Orbitz for Business has had a transformative impact on the corporate travel sector, bringing companies a broad range of groundbreaking solutions to help them reduce travel costs while at the same time retaining control and enhancing experiences for their travelers," said Barney Harford, President and CEO, Orbitz Worldwide. "Frank Petito has led the corporate development function and has played a key role in strategic planning for Orbitz since 2002, and I am confident that he will deliver strong leadership to Orbitz for Business through these challenging economic times. We thank Dean Sivley for the important contributions that he has made to the development of Orbitz for Business and wish him well in his future endeavors."
"I am very excited to be taking the helm at Orbitz for Business at this time. Orbitz for Business uses industry leading technology to deliver meaningful savings to companies while enhancing traveler satisfaction," said Frank Petito, President, Orbitz for Business. "By putting travelers in control of their travel planning we have demonstrated the ability to drive down travel costs for our clients. Going forward we will continue to invest in our core technology offering while at the same time expanding our global footprint."
Frank will be supported by the existing Orbitz for Business senior leadership team, which includes Jan Lofgren, Vice President of Account Development and Deployment, and Michael Mooradian, Vice President of Worldwide Sales. "I'm very pleased to have a strong team in place with the necessary experience to continue to grow this important business," added Petito.
Frank Petito joined Orbitz in 2002 and has led the company's corporate development function and played a key role in strategic planning since then. He played major roles in the two initial public offerings that the company has completed and in the acquisition of Orbitz by Cendant in 2004. Before joining Orbitz, Frank was a vice president in the mergers and acquisitions group of Hambrecht & Quist. Frank holds an MBA from Stanford University's Graduate School of Business and a BA from Princeton University.
About Orbitz for Business
Orbitz for Business (http://www.orbitzforbusiness.com/) is the corporate travel brand of Orbitz Worldwide. Orbitz for Business serves over 2,000 corporate customers and more than a million business travelers. Launched in 2002, Orbitz for Business offers a complete portfolio of travel products and services that help customers plan, search and book business travel. Orbitz for Business leverages the Orbitz Worldwide technology platform, customized for corporate travelers. In addition to its leading technology, Orbitz for Business delivers full service, cost effective travel management solutions including 24x7 customer support; reporting and policy management tools; and comprehensive choice in travel inventory.
About Orbitz Worldwide
Orbitz Worldwide (NYSE: OWW) is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns a portfolio of consumer brands that includes Orbitz (www.orbitz.com), CheapTickets (www.cheaptickets.com), ebookers (www.ebookers.com), HotelClub (www.hotelclub.com), RatesToGo (www.ratestogo.com), the Away Network (www.away.com), and corporate travel brand Orbitz for Business (www.orbitzforbusiness.com). For more information on partnership opportunities with Orbitz Worldwide, visit http://corp.orbitz.com. Orbitz Worldwide uses its Investor Relations website to make information available to its investors and the public at www.orbitz-ir.com.
Orbitz Worldwide, Inc.