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Orbitz Worldwide To Appoint Mitch Marcus as Chief Financial Officer

CHICAGO, Nov. 7, 2012 /PRNewswire/ -- Orbitz Worldwide, Inc. (NYSE: OWW) today announced the appointment of Mitch Marcus as the company's chief financial officer (CFO), effective Nov. 12, 2012.  

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Mitch will have global responsibility for accounting, financial planning & analysis, investor relations, tax, internal audit and treasury.  He will be based at the Orbitz Worldwide headquarters in Chicago, Illinois.   David Belmont, who has served as interim CFO since June 2012, will return to his position as group vice president, financial planning and analysis.

"Mitch Marcus is an outstanding individual to lead the Orbitz Worldwide finance team given the breadth and depth of his background dealing with strategic financial issues," said Barney Harford, CEO, Orbitz Worldwide. "The combination of experience as a corporate executive, banker, lawyer and accountant makes Mitch very attractive to take on this key role within the Orbitz Worldwide organization."

"As a leader in online travel, Orbitz Worldwide has great brands and proven leadership in using technology to make it easier for consumers to plan and purchase travel," said Mitch Marcus. "Mobile technology is bringing intense change and enormous opportunities to online travel. Orbitz is well positioned to take advantage of this transformation, and I am very pleased to be joining Orbitz Worldwide at this exciting time." 

About Mitch Marcus
Mitch most recently served as Senior Vice President Treasurer and Senior Vice President Corporate Development at Sara Lee.  Prior to Sara Lee, Mitch had a successful investment banking career spending time at Merrill Lynch, Goldman Sachs and William Blair.  He started his career as a staff accountant at Arthur Andersen, and after obtaining a law degree, was a corporate attorney at Dewey Ballantine.  He received his MBA from University of Chicago, Graduate School of Business, his JD from George Washington University, and his BA from Goizueta Business School at Emory University.

About Orbitz Worldwide
Orbitz Worldwide 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) and the Away Network (www.away.com). Also within the Orbitz Worldwide family, Orbitz Worldwide Distribution (corp.orbitz.com/partnerships/distribution) delivers private label travel solutions to a broad range of partners including many of the world's largest airlines, and Orbitz for Business (www.orbitzforbusiness.com) delivers managed corporate travel solutions for corporations. For more information on partnership opportunities with Orbitz Worldwide, visit corp.orbitz.com.

Orbitz Worldwide uses its Investor Relations website to make information available to its investors and the public at investors.orbitz.com. The public can sign up to receive email alerts whenever the company posts new information to the website.

SOURCE Orbitz Worldwide

Chris Chiames, +1-312-894-6890, chris.chiames@orbitz.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Orbitz Worldwide Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.