Groople Appoints Shannon Hyland As Chief Financial Officer
Online Group Travel Leader Groople Further Strengthens Management Team
DENVER, CO, January 30, 2006. Groople, the online leader in group travel planning, tapped Shannon Hyland, former CFO of The Mark Travel Corporation, as its new Chief Financial Officer. Hyland has 15 years of experience managing finances and operations for major travel industry organizations.
As CFO of The Mark Travel Corporation, a $1.5 billion travel package provider with multiple travel businesses and a travel technology company, Trisept Solutions, Hyland implemented its first integrated planning process (strategic and financial). Prior to his position at Mark Travel, Hyland was the CFO for Galileo Americas, the global distribution system owned by the Cendant Corporation. While at Galileo, he improved profit per employee by 56% and was honored as one of Cendant Travel Distribution Services' employees of the year.
Previously, Hyland worked in senior finance and operating positions within the airline industry. Hyland received his BS in Industrial Engineering from Arizona State University and his MBA in Finance from New York University. He enjoys traveling, sports and spending time with his three children and wife, Nicole.
"Shannon Hyland's in-depth finance and operations experience add tremendous value to Groople as we enter this next stage of growth," said Groople Chief Executive Officer, Michael Stacy. "With his varied travel industry experience and proven results, Shannon has strong, valuable leadership skills and we look forward to his contributions," Stacy continued.
Groople utilizes the most effective channels to target the leisure group travel market by automating the group booking process while matching the needs of specific groups with appropriate products, prices and support. While facilitating bookings and generating new revenue, Groople allows travel suppliers to retain control of their inventory and rates.
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