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Orbitz Worldwide Names Mike Randolfi As CFO

Stocks in this article: OWW

CHICAGO, Feb. 22, 2013 /PRNewswire/ -- Orbitz Worldwide (NYSE: OWW), a leading global online travel company, today announced the appointment of Mike Randolfi as the company's CFO, effective March 11.  Mike joins Orbitz Worldwide from Delta Air Lines, where he currently serves as senior vice president and controller.

(Logo:  http://photos.prnewswire.com/prnh/20070813/AQM125LOGO)

Mike will have global responsibility for accounting, financial planning and analysis, investor relations, tax, procurement, internal audit and treasury.  He will be based at the Orbitz Worldwide headquarters in Chicago.  David Belmont, who has served as interim CFO, will return to his position as group vice president, financial planning and analysis.

In the course of his 14-year career at Delta, Mike also held executive positions in financial planning, financial analysis and treasury, as well as accounting and finance assignments, and served in a CFO-equivalent role at the divisional level. He holds a B.A. in accounting and finance from the University of South Florida and an M.B.A. from Emory University.  He is a certified public accountant and also a certified management accountant.

"I am delighted to have Mike joining us to lead the Orbitz Worldwide finance team," said Barney Harford, CEO of Orbitz Worldwide.  "His deep travel industry experience, combined with his proven track record of implementing strategic initiatives and supporting targeted investment to generate strong profit growth, makes him superbly qualified to lead the finance team at Orbitz."

"Orbitz Worldwide is a clear leader in online travel, and I am excited to be joining the company at a time when investments over the last few years are paying off in terms of accelerating room night growth, mobile leadership and greater operating efficiencies," said Mike Randolfi.  "I look forward to helping Orbitz continue to execute its focused plans."

About Orbitz WorldwideOrbitz Worldwide is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns a portfolio of consumer brands that includes Orbitz ( www.orbitz.com), CheapTickets ( www.cheaptickets.com), ebookers ( www.ebookers.com), HotelClub ( www.hotelclub.com), RatesToGo ( www.ratestogo.com) and the Away Network ( www.away.com). Also within the Orbitz Worldwide family, Orbitz Worldwide Distribution (corp.orbitz.com/partnerships/distribution) delivers private label travel solutions to a broad range of partners including many of the world's largest airlines, and Orbitz for Business ( www.orbitzforbusiness.com) delivers managed corporate travel solutions for corporations. For more information on partnership opportunities with Orbitz Worldwide, visit corp.orbitz.com.

Orbitz Worldwide uses its Investor Relations website to make information available to its investors and the public at investors.orbitz.com. The public can sign up to receive email alerts whenever the company posts new information to the website.

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