ASMALLWORLD announces change in leadership
ASMALLWORLD AG / Key word(s): Personnel ASMALLWORLD announces change in leadership Jan Luescher joined ASMALLWORLD as Chief Executive Officer on November 1, 2016, and has been instrumental in driving the company’s remarkable turnaround. Under his leadership, the company transformed from a single-core business into a diversified luxury travel group with multiple revenue streams. As a result of this transformation, the company has grown from CHF 5.0M in sales and a loss of CHF 1.7M in 2017 to a thriving business with CHF 21.2M in sales and CHF 2.1M in profit by 2023. Most recently, Jan has overseen the implementation of a new membership model and the introduction of a new visual identity and logo for the ASMALLWORLD online community, which have firmly positioned ASMALLWORLD as a luxury travel brand. Jan is stepping down from his role at a time when ASMALLWORLD is in a strong position with a robust foundation that will enable the company to successfully pursue its future ambitions. ASMALLWORLD Chairman, Michael Manz, commented: "Under Jan's leadership, ASMALLWORLD has established a sustainable business model, expanded its product portfolio, and is now well-positioned for future growth. On behalf of the entire company, I would like to thank Jan for his dedication and hard work over the years." Jan Luescher added: "Although this has been a difficult decision, I am immensely proud of what we have achieved over the past eight years. I leave behind an organisation with a clear vision, a talented team, and tremendous potential for continued growth." The Board of Directors has initiated a search for his successor and will announce an appointment in due course. Jan will continue to lead ASMALLWORLD until a successor is onboarded. The Board of Directors wholeheartedly thanks Jan for his leadership, valuable contributions to ASMALLWORLD and its success during his tenure and wishes him all the best for his future endeavours.
This press release can be found at www.asmallworldag.com.
The ASMALLWORLD Group: ASMALLWORLD is the trusted community for modern luxury travellers. Centred around the ASMALLWORLD social network, the company operates a luxury travel ecosystem that enables travellers to find inspiration, book unique journeys, and connect with like-minded members. Members of the ASMALLWORLD social network connect through its app and website, where they can meet other members, engage in online discussions, receive travel inspiration and enjoy a wealth of travel privileges. Members also meet in person at over 800 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and St. Moritz. Other businesses in the ASMALLWORLD travel ecosystem include: ASMALLWORLD Collection, a high-end online hotel booking engine focused on the world’s most admired hotels, offering the unique “ASMALLWORLD VIP Rate,” which allows customers to enjoy exclusive travel benefits at no extra cost. ASMALLWORLD Bespoke Travel, a high-end travel agency offering personalised travel curation services. ASMALLWORLD Hospitality, a hospitality and management consultancy that supports owners and developers of hospitality assets throughout the different lifecycle stages of their assets, including acquisition, development, operations and exit. First Class & More, a subscription-based smart luxury travel service that allows members to enjoy luxury travel at insider prices. The World’s Finest Clubs, the world’s leading nightlife concierge offers its members VIP access to the most exclusive nightlife venues around the world. Jetbeds, a premier booking platform specialising in affordable Business and First-Class flights, offering exclusive deals, expert advice and personalised service.
www.asmallworldhospitality.com
Contact: ASMALLWORLD AG
Disclaimer The statements contained in this press release may constitute "forward-looking statements". Such can be identified, for example, by the use of the words "may," "will," "should," "plan," "expect," "anticipate," "estimate," "believe," "intend," "project," "target," "seek," or "aim," or the negative of these words or comparable expressions. Forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Issuer or its industry to be materially different from any future results, level of activity, performance or achievements expressed or implied by such forward-looking statements. The issuer undertakes no obligation to publicly update or revise any forward-looking statements contained herein, whether as a result of new information, future events or otherwise. End of Inside Information |
| Language: | English |
| Company: | ASMALLWORLD AG |
| Seidengasse 20 | |
| 8001 Zürich | |
| Switzerland | |
| ISIN: | CH0404880129 |
| Valor: | A2JE3W |
| Listed: | Regulated Unofficial Market in Frankfurt; SIX Swiss Exchange |
| EQS News ID: | 2049367 |
| End of Announcement | EQS News Service |