12 August 2015, Dublin, Ireland: CarTrawler, the leading online travel-technology platform, has today announced the appointment of Patrick Kennedy, former Chief Executive of Paddy Power plc and current Deputy Governor of Bank of Ireland, as non-executive Chairman.
Patrick Kennedy served as Chief Executive of Paddy Power plc, the international betting and gaming group, from 2006 to 2014. During his tenure, the company expanded significantly in existing and new markets. Turnover grew from €1.4 billion to €7 billion, profitability increased more than five-fold, staff numbers increased from 1,400 to 5,000 and, by 2014, the company was generating almost 80% of its profit online and across international markets.
Before joining Paddy Power, Patrick was Chief Financial Officer of Greencore Group plc, having previously been Group Development Director. Patrick has also worked as a strategy consultant with McKinsey & Company in London, Dublin and Amsterdam, and with KPMG Corporate Finance both in Ireland and the Netherlands.
Speaking in Dublin today, Mike McGearty, CarTrawler Chief Executive, said:
“Patrick brings with him a wealth of experience that will prove invaluable to CarTrawler. It is testimony not only to our achievements to date but also recognition of the potential for future success that we can attract someone of Patrick’s pedigree to our business. We are looking forward to Patrick joining the Board and supporting the leadership team with insightful counsel as the business continues to expand.”
Patrick Kennedy also commented on his new appointment:
“CarTrawler has an exceptional product that is supported by a very impressive team of people. It has grown substantially in recent years and has a clear roadmap for further growth, to which I look forward to contributing.”
Download rights-free photography of Patrick Kennedy and Mike McGearty here: https://www.dropbox.com/sh/il8ar9ctzj40z8n/AADaEiNGLfROgeCEhDZolO8za?dl=0
CarTrawler connects business and leisure customers and online travel retailers with more road and rail transport solutions than they will find anywhere else. Over 70 international airlines and 2,000 travel retailers around the world trust CarTrawler to provide their customers with real-time access to over 1,500 leading and independent car rental agents, coach transfers, rail networks and chauffeur drive services at 30,000 locations in 174 countries. CarTrawler also owns and operates the Holiday Autos, Cabforce and Argus Car Hire brands. The company headquarters and Customer Centre of Excellence are located in Dublin, Ireland, with additional offices in Boston, London and Helsinki. CarTrawler is private equity backed by BC Partners and Insight Venture Partners. For further information, please visit www.cartrawler.com