Cendant Travel Distribution Services and Galileo International president and CEO Sam Galeotos is leaving his position after about a year, the company announced today. Sam Katz, chairman and CEO of the TDS and financial services divisions, will assume day-to-day management responsibilities for the TDS business units. Cendant said Galeotos "will continue to serve as a consultant and advisor for a transitional period," following the completed restructuring of the TDS division, including the creation of Travelport
(BTN, Aug. 25).
"Following the completion of the Cheap Tickets and Galileo International transactions two years ago, Galeotos, who previously served as president and CEO of Cheap Tickets, graciously set aside other personal and business agendas and agreed to commit his time and efforts to assist Cendant with the integration of the company's newly acquired TDS business units," Katz said in a prepared statement. When appointed last August, Galeotos became Galileo's third chief executive in less than a year
(BTN, Aug. 8, 2002). Other changes include the appointment of Cendant chief administrative officer Tom Christopoul as chairman and CEO of financial services, reporting to Katz.