Corporate Travel chief quits as trading halt ticks over five months

Corporate Travel Management will continue to pay its departing chief executive Jamie Pherous for six months despite growing anger among shareholders that the travel services giant has failed to correct accounting errors that have seen its stock unable to trade for five months.

Corporate Travel chairman Ewen Crouch said the board had decided it was “time to accelerate the transition to a refreshed corporate structure that consistently meets the expectations of its stakeholders”, appointing chief commercial officer Ana Pedersen to replace Pherous.