Webjet Limited announced changes to the composition of its Board of Directors as part of its renewal process. Toni Korsanos has been appointed an Independent Non-Executive Director with effect from 1 June 2018. Formerly Chief Financial Officer and Company Secretary of Aristocrat Leisure Limited, Ms. Korsanos stepped down from her role in March 2018 and has since been appointed a Non-Executive Director of Crown Resorts Limited and Ardent Leisure Group Limited. Korsanos has extensive experience in finance, strategy, business transformation, mergers and acquisitions, risk management and financial and regulatory compliance, and will chair the Company's Audit Committee from 1 July 2018. Brad Holman, who is also an Independent Non-Executive Director of Webjet, will chair the company's Audit Committee until 30 June 2018 and will remain the Company's Senior Independent Director. Rajiv Ramanathan will resign as an Independent Non-Executive Director at the company's Annual General Meeting. Based in Singapore, Mr. Ramanathan was recently appointed to the Head of Product role for APAC for Visa International, which has limited his available time to act as a Non- Executive Director.
Webjet Limited is an Australia-based global travel company. The principal activity of the Company and its subsidiaries includes the online sale of travel products, including flights and hotel rooms. The Company's business consists of a business-to-business (B2B) wholesale division, which includes WebBeds and two retail business-to-consumer (B2C) businesses, which include Webjet OTA and GoSee. WebBeds is a global marketplace for the travel trade, an intermediary connecting hotels and other travel service suppliers to a distribution network of travel buyers all over the world. Webjet OTA is an online travel agency, which enables customers to compare, combine and book domestic and international travel flight deals, hotel accommodation, holiday package deals, travel insurance and car hire worldwide. GoSee is a global travel e-commerce group, enabling customers to search, compare and book rental cars and motorhomes via two websites, Airport Rentals and Motorhome Republic.