Thomas Cook GC takes on chief exec portfolio following Harriet Green departure
Thomas Cook group general counsel Craig Stoehr has been made chief corporate officer and given oversight for all human resources and strategy divisions at the travel company, following the shock departure of company chief executive Harriet Green.
December 14, 2014 at 07:34 PM
2 minute read
Thomas Cook group general counsel Craig Stoehr has been made chief corporate officer and given oversight for all human resources and strategy divisions at the travel company, following last month's shock departure of chief executive Harriet Green.
Stoehr, who last month was named General Counsel of the Year at the British Legal Awards, has been made responsible for the handling the travel company's transformation management office, which previously reported to Green,
According to an internal email seen by Legal Week, Stoehr was made one of Thomas Cook's now four-strong group executive committee last week. His dual legal and corporate role also gives him oversight of the company's M&A, government affairs, sustainability and secretariat functions.
Harriet Green stunned Thomas Cook investors last month when she announced her resignation from the company, just two years into a strategic overhaul of the group. Chief operating officer Peter Fankhauser took over in the role with immediate effect.
During that time, Green worked closely with Stoehr on the £1.6bn refinancing of the company, which gifted roles to Latham & Watkins and Slaughter and May, as well as Allen & Overy, Linklaters and Shearman & Sterling.
Stoehr, who declined to comment on the new appointment, previously had two stints at Latham – one as a New York associate between 1994 and 1999, and one as a partner in the Doha office between 2008 and 2012.
He also had spells as the finance director of a leading voice recognition software company, managing director of the Class 1 World Powerboat Championship and chairman of the Milwaukee Mile, the oldest operating motor speedway in the world.
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