Cendant Appoints Michael W. McCormick Senior Vice President of Travel Distribution Division to Lead WizCom and THOR Units.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--Feb. 13, 2002 Travel Industry Veteran to Focus on Leveraging Cendant Resources to Develop and Deliver Leading Travel Distribution Products And Services To WizCom and THOR Customers Cendant Corporation (NYSE NYSE See: New York Stock Exchange : CD) announced today the appointment of Michael W. McCormick as a Senior Vice President of Cendant's Travel Distribution Division. In his new role, McCormick becomes President of WizCom International, a leading supplier of reservation and information management systems for the travel industry, and President of THOR (Twenty-four Hour Online Reservations), a leading provider of services to thousands of travel agencies around the world, including discounted hotel rate programs, 24-hour services, preferred vendor program, and international rate desk. McCormick will report to Sam (1) (Security Accounts Manager) The part of Windows NT that manages the database of usernames, passwords and permissions. A SAM resides in each server as well as in each domain controller. See PDC and trust relationship. Galeotos, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cendant's Travel Services and Supplier Group. "Mike has a proven track record of success in managing a variety of relationships on both the traditional and online sides of the travel business," said Sam Galeotos, CEO - Strategic Distribution and Travel Services for Cendant. "We are extremely pleased to have him on board and know that both WizCom and THOR customers will benefit enormously from his strategic direction and top-notch industry expertise." Previously, McCormick served as executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at PhoCusWright, Inc., where he was responsible for spearheading the company's domestic and international growth in the areas of research, strategy and events. Prior to PhoCusWright, his background includes senior management roles at Biztravel.com as well as Rosenbluth International with responsibility for strategic partnerships, business development and supplier relationships. "I am joining two companies with tremendous brand recognition, great customers and state-of-the-art products and services," said Mike McCormick Mike McCormick can refer to different people:
WizCom International, Ltd., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cendant Corporation (NYSE: CD) and a principal part of Cendant's Travel Distribution Division, is a leading global provider of electronic reservations processing and information management systems for the travel industry. WizCom provides its hotel, car rental, and tour / leisure travel customers with innovative, flexible and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. electronic distribution and e-commerce solutions for the Internet, GDS GDS Global Distribution System GDS Google Desktop Search (Google) GDS Goodie Domain Service (Vienna University of Technology, Austria) GDS Guards and/or other travel reservation systems. Established in 1987, WizCom has an extensive customer base with more than 115 hotel and car rental companies operating in more than forty countries worldwide. THOR, Inc., founded in 1977, is a former subsidiary of TRIP.com and an integral part of Galileo's worldwide online distribution network. The THOR Worldwide Negotiated Hotel Rates Program is recognized by more than 13,000 hoteliers and 15,000 travel agencies for offering the largest number of properties at the most deeply discounted rates, with the most value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. and client amenities in the industry. The THOR after-hours emergency reservation service handles over 200,000 calls a year from travelers around the world. Toll-free lines from over 70 countries provide immediate and easy access for last minute changes and in emergency situations. THOR's Lost Luggage LUGGAGE. Such things as are carried by a traveller, generally for his personal accommodation; baggage. In England this word is generally used in the same sense that baggage is used in the United States. See Baggage. Control, Lost Credit Card Alert, and Vital Document Registry The configuration database in all 32-bit versions of Windows that contains settings for the hardware and software in the PC it is installed in. The Registry is made up of the SYSTEM.DAT and USER.DAT files. Many settings previously stored in the WIN.INI and SYSTEM. give travelers peace of mind. THOR serves over 1,200 travel agency locations in the U.S. CENDANT CORPORATION is primarily a provider of travel and residential real estate services. With approximately 60,000 employees, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based Cendant provides these services to businesses and consumers in over 100 countries. More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting www.Cendant.com or by calling 877-4-INFOCD (877-446-3623). EDITORS: A photo of Michael McCormick, logos for Cendant, WizCom and THOR are available upon request. |
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