Tag Archives: Kurt Ekert

Carlson Wagonlit Travel appoints Michelle Frymire as CFO

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Carlson Wagonlit Travel (CWT), the global travel management company, has appointed Michelle Frymire as Executive Vice President and Chief Financial Officer (CFO). Based in Minneapolis, she will report to Kurt Ekert, President & CEO of CWT and serve as a member of the CWT Executive Leadership Team. Current CFO Brad Hall will become Executive Vice President, Chief Administrative & Financial Officer of Carlson Inc., CWT’s parent company. Both appointments will be effective from 21 January 2019. “Michelle brings a wealth of experience and skill from a broad industry base. I am delighted to welcome her to CWT and look forward to partnering with her as we continue to execute our CWT 3.0 growth strategy,” said Kurt Ekert. “I also extend my deep gratitude to Brad for the significant contribution he has made to the development of our business and I look forward to continuing to work with him in his new role.”  Immediately prior to her appointment, Michelle was CFO at a portfolio company of private equity firm Kohlberg & Co. She was previously CFO at Service King Collision Repair, TruGreen Lawn Care and Starwood Vacation Ownership, and held senior finance roles at ServiceMaster, Delta Air Lines, Continental Airlines and American Airlines.  Michelle is an American national and holds an MBA from the University of Texas and a BA from Austin College.

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8.7% hike in air pricing likely in 2018: GBTA & CWT

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According to the 2018 Global Travel Forecast, airfares in India are forecast to see an 8.7 per cent hike in 2018. The Asia Pacific region will see a 2.8 per cent rise in airfares in 2018, with domestic demand increasing in India and China. The report has been prepared by GBTA Foundation in partnership with Carlson Wagonlit Travel, and with the support of the Carlson Family Foundation. The report suggests that global airfares are expected to rise 3.5 percent in 2018; hotel prices are expected to be 3.7 percent higher; and ground transportation such as taxis, trains and buses are expected to rise only 0.6 percent. Jeanne Liu, Vice President – Research, GBTA Foundation, said, “The most successful programs will have to keep a watchful eye on both geopolitical risks and a rapidly-changing supplier landscape as they re-evaluate strategy often and adapt as necessary.” Kurt Ekert, president and CEO, Carlson Wagonlit Travel, said, “The global numbers from this forecast should be considered strong leading indicators of what 2018 will mean for global businesses, as we anticipate higher spending.”

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