eDreams Odigeo reappoints its entire board for another term, ensuring continuity during substantial growth.
- The European OTA reports a dramatic rise in subscribers from 876,000 to 6.2 million over three years, driven by strategic leadership.
- Shareholders overwhelmingly support the board’s current trajectory and future goals, including a 7.25 million Prime member target.
- As part of strategic leadership enhancement, Laurence Berman joins as a new independent director on the board.
- Board Chair Thomas Vollmoeller expresses gratitude for shareholder confidence in their achievements and future vision.
eDreams Odigeo has reaffirmed its leadership by reappointing all board members for an additional three-year term, a decision made with a significant majority at the shareholder’s annual general meeting. This move signals a strong vote of confidence in the board’s capability to navigate and drive forward the company’s strategic vision.
The company has experienced a marked transformation since 2021, with its subscriber base soaring from 876,000 to an impressive 6.2 million. This seven-fold increase reflects the effectiveness of the board’s management and strategic implementation.
Shareholders have shown robust support for the board’s ongoing strategy, which includes the ambitious milestone of increasing Prime platform subscribers to 7.25 million by March 2025. Financially, this strategy aims to surpass profits with an EBITDA exceeding €180 million, illustrating a clear path to sustained growth.
Laurence Berman has been appointed as a new independent director, bringing valuable expertise from his tenure at Spanish theme park PortAventura World. His addition is intended to bolster the board’s efforts in achieving strategic goals and guiding the company through its next phase of growth.
Thomas Vollmoeller, the board chair, expressed appreciation for the shareholders’ strong support, interpreting it as validation of the firm’s achievements and strategic foresight. He underscored the board’s commitment to maintaining eDreams Odigeo’s position as a leader in travel subscription services, a status marked by its substantial growth trajectory.
The reappointment solidifies eDreams Odigeo’s commitment to sustained growth and strategic advancement in the travel industry.
