Orbitz for Business today announced the appointment of Frank Petito as the online travel management company's new president, replacing former senior vice president and COO Dean Sivley, who left the company in May to become president and CEO of travel insurance company Travel Guard
(BTNonline, May 6).
Petito previously served as senior vice president of corporate development for parent company Orbitz Worldwide. He joined Orbitz in 2002 and served on the executive team that steered the company through two initial public offerings and its acquisition by Cendant in 2004.
In his new role, Petito continues to work under Orbitz president and CEO Barney Harford, who took the helm in January, replacing Steve Barnhart
(BTNonline, Jan. 7). Petito could not be reached for comment.
Sivley, who had been running Orbitz for Business since 2004, will help guide Stevens Point, Wis.-based Travel Guard's spinoff from beleaguered insurance giant American International Group into AIU Holdings.