Travel & Transport's Tech Takes Top Job, Leaves Former Post Open

<B> Travel & Transport's Tech Takes Top Job, Leaves Former Post Open</B>

By Sarah Welt

<i>Omaha, Neb.</i>- Travel and Transport has promoted William Tech, its former executive vice president and COO, to replace Frank Dinovo as president and CEO.

The company won't be searching for a replacement for Tech's previous position. Instead, Tech has "decided at this point to ask the remaining six officers of the executive committee to accept additional responsibilities and each take on a bit more. That way we can stay together as a cohesive group and work together without bringing in someone who may not fit well with our culture and our goals."

Tech declined comment on why Dinovo left the company, citing a gag rule with lawyers from both sides. But "it was certainly nothing inappropriate he did. He just had a difference of opinion with the board of directors as to the direction of the company," he said.

Prior to his 11 years with the $400 million travel agency, Tech served as vice president of administration at Chicago's Continental Bank, where he helped form an inplant travel operation.

Moving forward, Tech plans to focus more on growth through new business than on acquisitions. "Financially, we're strong ," he said, adding, "We want to wait three to six months to see how companies deal with the commission reduction.