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Byrne leaves MyTravel in 'mutual decision'.
(From FT Investor (Pulses))
MyTravel , the struggling UK package tour operator, announced on Tuesday that Tim Byrne was stepping down as chief executive. Last week, the group, formerly known as Airtours, warned on profits for the second time in four months, blaming a change in its revenue recognition policy, leading some analysts to question Mr Byrne's future with the group. David Crossland, MyTravel's chairman and chief executive who confirmed that he postponed his planned retirement for up to 12 months, had recently backed Mr ...
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