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In a major leadership change at Thomas Cook (India) Ltd, Madhavan Menon has stepped down from his role as Chairman and Managing Director, marking the end of a significant chapter in the company’s history. After over two decades of dedicated service, Menon has chosen to retire from executive responsibilities but will continue as Non-Executive Chairman, ensuring a smooth transition and continued strategic support.
Menon played a vital role in transforming Thomas Cook India from a traditional travel operator into a diversified travel and financial services group. Under his guidance, the company navigated several challenges, including economic downturns and the COVID-19 pandemic, while expanding its presence across India and beyond.
Taking over the baton is Mahesh Iyer, the company’s current Executive Director and CEO. With over 30 years of industry experience, Iyer has been instrumental in driving operational efficiency and digital transformation at Thomas Cook. His appointment as the new Chairman and MD signals the company’s commitment to future-focused leadership. The leadership reshuffle reflects Thomas Cook’s focus on innovation, customer-centricity, and sustainable growth in the evolving travel landscape.
Menon’s decision comes as the company positions itself for its next phase, blending legacy with modernity. As the travel industry recovers and adapts, Iyer is expected to lead with renewed energy and strategic vision, ensuring that Thomas Cook India continues to be a trusted name in travel and financial services.