An executive at THG is to join another Manchester-headquartered London-listed business in On the Beach.
Jon Wormald will join the online holiday portal as group CFO on 30th June, succeeding Shaun Morton, who will replace Simon Cooper as CEO.
Cooper will transition into a new role of founder director NED, as previously announced.
Wormald joins On the Beach from THG PLC, where he is currently CFO of THG Nutrition, described as the world’s largest online sports nutrition brand.
He joined THG in 2021 as deputy group CFO after spending 11 years at the Co-operative Group Limited, holding a number of senior roles including director of M&A, programme director and leading the group’s finance department.
“The board and I are delighted to welcome Jon as our incoming group CFO,” said Richard Pennycook, chair. “Having worked closely with Jon in a previous role, I know he is a talented individual whose extensive experience in both online and consumer-facing businesses are well suited to the Company and we look forward to working with him.”
Morton, CEO designate, commented: “Jon’s senior financial and operational roles will be invaluable to us at On the Beach as we continue to strengthen the brand and bring our leading customer proposition to a broader audience of beach holiday makers.
“I look forward to working closely with Jon as I step into the role of CEO and am also pleased to continue working with Simon in his new Founder Director role.”
Wormald added: “I am thrilled to be joining On the Beach as Group CFO, working with such a talented team in an exciting sector.
“The business is recognised for its customer-first mentality and has a clear strategy for future growth, and I am looking forward to contributing to its ongoing success.”