Duties to likely include leadership of the company's audit committee
CHICAGO, March 25, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Orbitz Worldwide, Inc.
(NYSE: OWW), a leading global online travel company, today announced the
appointment of Richard P. Fox to its board of directors.
Mr. Fox was appointed to fill the vacancy on the board created by the
resignation of David Weiss, and will serve for the term expiring at the 2008
Annual Meeting of Shareholders. The board has nominated Mr. Fox for election
at the 2008 Annual Meeting. If re-elected by the company's shareholders at
the 2008 Annual Meeting, Mr. Fox would serve for the three-year term expiring
at the 2011 Annual Meeting. Mr. Fox is also expected to be appointed by the
board to serve as the Chairman of the Audit Committee and a member of the
"We want our shareholders to benefit from the most talented directors
available. Rick Fox exemplifies the qualities and experiences that define
successful corporate leaders," said Jeff Clarke, chairman, Orbitz Worldwide.
"I am confident that Rick will be a great asset to the management team at
Orbitz as the company works to deliver future growth."
Mr. Fox has served as a consultant and outside board member since 2001 to
entrepreneurs and businesses within the financial services industry. He was
President and Chief Operating Officer of CyberSafe Corporation from 2000 to
2001, responsible for the overall financial services and operations of the
company. Prior to joining CyberSafe, he was Chief Financial Officer and a
member of the board of directors of Wall Data, Incorporated. Additionally, he
spent 28 years at Ernst & Young LLP, last serving as Managing Partner of its
Mr. Fox also serves on the board of directors of PREMERA, a Blue Cross
managed-care provider; Univar Inc., an international chemical distribution
company; and Flow International (Nasdaq: FLOW), a machine tool manufacturer.
He also serves on the boards of several private equity financed technology
"The online travel space is an exciting vertical within e-commerce with
tremendous growth potential on a global scale," said Rick Fox, director,
Orbitz Worldwide. "I look forward to my relationship with this management
team, led by Steve Barnhart, as we work to continue the growth of Orbitz
Worldwide's portfolio of brands."
"Rick will bring valued expertise to our board of directors, and our
management team will benefit from his leadership," said Steve Barnhart, CEO
and president, Orbitz Worldwide. "I look forward to his counsel as we continue
to expand the limits of what we accomplish within this organization."
In addition to his corporate service, Mr. Fox is a member of the Board of
Trustees of the Seattle Foundation and is on the Board of Visitors of the
Fuqua School of Business at Duke University. He received a Bachelor of Arts
degree in Business Administration from Ohio University and an M.B.A. from the
Fuqua School of Business at Duke University. He is a Certified Public
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 and operates a portfolio of consumer brands that includes Orbitz
(http://www.orbitz.com), CheapTickets (http://www.cheaptickets.com),
ebookers.com (http://www.ebookers.com), HotelClub (http://www.hotelclub.com),
RatesToGo (http://www.ratestogo.com), the Away Network (http://www.away.com),
and corporate travel brand Orbitz for Business
(http://www.orbitzforbusiness.com). If you want to work with Orbitz
Worldwide, visit http://corp.orbitz.com for more information.
SOURCE Orbitz Worldwide, Inc.