In the wake of announcing rather poor 3rd quarter results, YTB has decided to take executive action and re-structure their management team in hopes of improvement.
YTB announced that they have promoted J. Kim Sorensen to Vice Chairman and Andrew Cauthen to President.
Sorensen was previously president of YTB International, and will remain President and CEO of the YTB subsidiary, YTB Travel Network.
Cauthen joined YTB in 2004 as COO, and then moved to President of Your Travel Biz in 2006. He was then named COO of YTB International in Jan. of this year, and has now moved up with this recent promotion.
It is always good to see a company take definitive action when things get tough. YTB has had a rough year, with court proceedings taking places, their stock getting hammered, and slim earnings reports. Hopefully, the vision and expertise of the executive team can give YTB a boost.
July 22nd, 2009 at 3:46 pm
Ytb has misrepresented itself from the beginning. The pennies earned on booking travel is nothing compared to the dollars innocent rep are duped for with the sign up fee and monthly website maintenance fees.
I was hood winked into joining this poor performing company, and would like to know how to get my money back. Can anyone help? Being in YTB has netted me nothing!