Groople Appoints New CEO
NOVEMBER 29, 2005. Groople is appointing Michael Stacy as Chief Executive Officer. David Loy will maintain his role as President and Founder of Groople, working alongside Stacy on day-to-day operations as they spearhead the company's next phase of growth in the online group travel market.
Stacy brings fifteen years of executive level experience to his new post at Groople, including successfully growing some of the leading brands in online travel. He most recently served as President of Cendant's CheapTickets, where he led the site to profitability for the first time, making it the fastest growing online travel site in 2004. Also at Cendant, Stacy served as Senior Vice President of Marketing and Product Development for the company's Retail Travel Services group. He led the successful integration of CheapTickets into the Orbitz organization following Cendant's acquisition of Orbitz. Stacy also spent five years at then-startup Travelocity, including four years as Senior Vice President of Consumer Marketing. Having built the Travelocity brand in U.S. and led its European launch, along with managing numerous site improvements to enhance Travelocity's customer experience, Travel Agent magazine twice named him a Rising Star.
"Mike Stacy's broad experience and proven successes in the online travel industry make him an invaluable asset in leading Groople into our next stage of development," said Groople President and Founder David Loy. "Mike has helped build some of the industry's largest brands, including our partner Travelocity, and we are excited for him to bring his vision and knowledge to Groople's team of travel executives."
"Groople has impressed me with the caliber of their product as well as their team, and I look forward to applying my experience to enhance the company's presence in the marketplace and to encourage further fruitful partnerships with additional travel providers," said Groople CEO Michael Stacy.
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