Orbitz appoints new president

Steve Barnhart, chief financial officer of Orbitz Worldwide unit, has been appointed as president.
The businesses include Travelport’s online businesses such as Orbitz and Cheaptickets in the Americas, ebookers and Octopus Travel in Europe and HotelClub.com and RatesToGo.com in the Asia Pacific region.

Barnhart will report to Travelport president and chief executive officer Jeff Clarke, and will continue to serve as chief financial officer of Orbitz Worldwide. Barnhart joined Orbitz, Inc. in May 2003, and was a key member of the finance team that took Orbitz public.

Mitch Truwit, president and chief executive officer of Orbitz Worldwide, has resigned to join Apax Partners, L.P., a global private equity firm. Truwit is expected to transition to his position as partner at the PE firm in New York City by mid-October.

Further, Truwit will serve as an advisory member of Travelport’s board of directors.

“In his expanded role, Steve Barnhart will continue to lead Orbitz Worldwide as we take our online businesses to even greater heights of growth and profitability,” Clarke said.

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“We have grown the EBITDA of our global online travel business by well over $100 million, become the second most profitable online travel agent, and are growing our gross bookings in North America over two times as quickly as our competitors,” Barnhart said.
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