Travel and Transport president and CEO Bill Tech plans to retire at the end of 2014, to be succeeded by company veteran Kevin O'Malley.

Ahead of the change, the company's board of directors named Tech chairman—a position he will retain after his retirement in December—and promoted O'Malley to president and Tim Fleming to COO, all effective Jan. 1, 2014. Members of the company's board, O'Malley and Fleming since 2003 each had served as executive vice presidents. Meanwhile, previous chairman Steve Gehring will remain on the board as lead independent director.