Dublin, 25 June 2012. Datalex plc ('Datalex' and/or the 'Company') today announces the appointment of Mr. Aidan Brogan, currently Senior Vice President of Sales, as interim Chief Executive Officer ('CEO') and Executive Director with immediate effect, following the resignation of Mr. Cormac M. Whelan as CEO and as an Executive Director of the Company. Cormac is leaving by mutual and amicable agreement, and has kindly agreed to assist the company in this transition until 31 July.
Commenting on his departure, Mr. Paschal Taggart, Datalex Chairman said "Since his appointment in 2004, Cormac has led the Company with great skill and vision. He successfully delivered the strategic transformation of the business into a product software company, and oversaw the development of the Travel Distribution Platform ('TDP') that has made Datalex one of the world's leading software providers to the global travel industry. Datalex has a management team with over 100 years of experience in the travel software industry. The board and management of Datalex will continue to implement its proven strategy, which has delivered significant growth in EBITDA and cash in recent years. On behalf of all our stakeholders, I wish to thank Cormac for his huge contribution to the business, and I wish him well in all his future endeavours."
Welcoming Aidan's appointment as interim CEO and Executive Director, Paschal Taggart said: "I am pleased that Aidan has agreed to act as interim CEO pending the appointment of a permanent candidate to the role. Aidan has been a key member of the executive team for the last 16 years and has played a central role in our achievements to date. The board believes he is well equipped to lead Datalex during this transition, and that we will continue to grow the business and increase shareholder value. The business is performing in line with guidance to date in 2012, and the board looks forward to the remainder of the year with confidence".
Aidan joined Datalex in 1994. He is a leading strategist in travel distribution, and with nearly 20 years experience in the airline and travel industry, he has been instrumental in building our leading product and market positions. Prior to joining Datalex, Aidan held a number of positions with Westinghouse in its airline and travel business in the Middle East.
