CWT announces new operating structure

EQS Newswire -�2 September 2020 - CWT,
the Business-to-Business-for-Employees (B2B4E) travel management platform,
today announces a new operating structure aimed to accelerate innovation,
transformation and growth. With immediate effect, Patrick Andersen is
appointed President, RoomIt & Commercial, Niklas Andr�en is
appointed President, Traveler Experience & Customer, and Michelle
McKinney Frymire
is appointed President, Strategy & Transformation,
Chief Financial Officer.

Patrick Andersen - President, RoomIt & Commercial

Niklas Andr�en - President, Traveler Experience and Customer

Michelle McKinney Frymire - President, Strategy & Transformation, Chief Financial Officer

The three newly created
global operating units these leaders will oversee comprise:

  • RoomIt &
    : Global Supplier Management,
    RoomIt, Marketing, Product, Partnerships, External Communications, and
    Solutions Group;
  • Traveler
    Experience & Customer
    : Traveler
    Experience, Global Sales, and Customer Engagement, including oversight of all
    industry verticals;
  • Strategy &
    : Finance, Technology, Talent &
    Performance, Enterprise Projects and Strategy.

Along with these
changes, Kelly Kuhn, an outstanding leader throughout her thirty-plus year
career at CWT who has delivered market share growth and strong performance as
Chief Customer Officer over the past four years, has decided to step back from
her operating role to assume the newly created role of Special Advisor, while
remaining on the Executive Leadership Team.

Lauren Aste, Chief
Legal Officer, Catherine Maguire-Vielle, Chief Human Resources Officer, John
Pelant, Chief Technology Officer, and Chris Vukelich, Strategic Advisor, remain
in their roles and on the Executive Leadership Team.

has taken a number of additional steps to weather the challenges of the
pandemic and position for the future. The company recently announced a
successful capital raise of $250M, backed by strong support from its
bondholders, lenders and shareholders. Given the need to re-align resourcing in
today's market conditions but also to protect employees, operating costs have
been managed mainly through temporary furloughs and pay reductions, and more
recently also through voluntary programs offered by the company that have
received strong interest from employees globally.

on developments, CWT President & CEO, Kurt Ekert, said: "As we
navigate and emerge from the impact of the global COVID-19 pandemic, we do so
from a secure financial base, with a talented and aligned team, and looking to
expand our industry leadership position. We have used the quieter lockdown
period to progress a number of innovations and initiatives, with a focus on
developing and delivering material value to our clients and their travelers. I
commend my CWT colleagues across the world for their customer-focus and

The issuer is solely
responsible for the content of this announcement.

About CWT

CWT is a
Business-to-Business-for-Employees (B2B4E) travel management platform.
Companies and governments rely on us to keep their people connected - anywhere,
anytime, anyhow - and, across six continents, we provide their employees with
innovative technology and an efficient, safe and secure travel experience.

Specialist Operations

  • CWT
    Energy, Resources, & Marine
    provides travel management
    solutions for many of the world's leading companies in the oil & gas,
    mining, offshore, marine, and alternative energies industries.
  • CWT Meetings
    & Events
    is CWT's meeting & events division. It delivers
    innovative, high-quality projects for its clients across all industry
    sectors globally. Its creative know-how helps it deliver awe-inspiring
    events, and its logistics expertise guarantees professional meeting
    services, group travel, and compliance.
  • CWT SatoTravel
    is the largest provider for global corporate travel services for the US
    military and civilian government agencies.
  • CWT
    Solutions Group
    is the consultancy arm of CWT. Solutions Group
    drives value and growth to its clients' businesses by helping them to
    extract more value from their travel and expense program through
    state-of-the-art technology and business travel knowhow. Its innovative
    approach focuses in four key areas to achieve true ROI: travel and expense
    strategy, data insights, supplier management, and travel services
  • RoomIt
    by CWT(TM)
    is the hotel distribution division of CWT. Every day it
    matches travelers with the right room at the right rate, and every minute
    over 125 hotel rooms get booked. It also provides travelers with the
    amenities and loyalty programs they want, while helping organizations
    control their budget and improve travel oversight.
Executive Leadership Team (@ 2 September 2020)

  • Patrick
    Anderson �-� President, RoomIt & Commercial

  • Niklas
    Andr�en �-� President, Traveler Experience & Customer
  • Lauren
    Aste �-� Chief Legal Officer
  • Kurt
    Ekert �-� President & Chief Executive Officer
  • Kelly
    Kuhn �-� Special Advisor
  • Catherine
    Maguire Vielle �-� Chief Human Resources Officer
  • Michelle
    McKinney Frymire �-� President, Strategy &
    Transformation,???? Chief Financial Officer
  • John
    Pelant �-� Chief Technology Officer
  • Chris
    Vukelich �-� Strategic Advisor

Appointee Biographies

  • Patrick
    Andersen, President, RoomIt & Commercial

    Patrick joined CWT in 2008 and has over 30 years' experience
    in global travel & logistics, with various international leadership roles
    at Deutsche Post Worldwide and DHL.

    Patrick also serves as a Non-Executive Member of the Board
    at Global Minnesota, and MNSNAP, and is on the Board of Overseers for the
    Carlson School of Management. He studied management at the London Business

    • Niklas
      Andr�en, President, Traveler Experience & Customer

      Niklas joined CWT in 2018 and has over 20 years' experience
      in global travel, tourism and technology, having held various international
      leadership roles at Travelport and consulting positions with Accenture,
      Connecta and Monitor Company. He has started two businesses and served as an
      Advisory Board Member of the Cornell University Center for Hospitality
      Research. Niklas current serves as an independent board member of B&B
      Hotels Group, an international hotel chain. He holds an MSc in Business
      Administration from the Stockholm School of Economics and is a Wharton Executive
      Education Aresty Scholar.

      • Michelle
        McKinney Frymire, President, Strategy & Transformation, Chief
        Financial Officer

        Michelle joined CWT in 2019 and has 18 years' travel
        industry experience, with CFO roles at Starwood Vacation Ownership and Delta
        Technology (a division of Delta Airlines), and financial leadership roles with
        Continental Airlines and Delta Air Lines. In addition, she held CFO positions
        at several private equity portfolio companies.� Michelle currently serves
        on the Board of Directors for Family Gateway in Dallas, Texas.� She holds
        a bachelor's degree in economics from Austin College, and an MBA in finance and
        accounting from the McCombs School of Business at The University of Texas.

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