Thomas Cook GC Stoehr brands formal panels a “waste of time”

Thomas Cook’s general counsel Craig Stoehr deliberately avoids getting bogged down in formal tender processes – much preferring to instruct external counsel based on personal relationships.

“I find formal panels an absolute waste of time,” he admits, refreshingly.

And the approach certainly seems to be effective . Stoehr has helped Thomas Cook to dispose of 15 companies in 15 months – selling off its non-core businesses worth £140m ahead of schedule.

Since starting work as the company’s first-ever general counsel in 2013, Stoehr has built a legal team, won a spot on the company’s board and been named its chief corporate officer.

So now Stoehr is responsible for the company’s secretarial, HR, strategy, transformation management office, M&A, government affairs and sustainability matters – all alongside his existing duties as general counsel.

We’re tired just thinking about it. Here’s hoping he’s also accountable for the odd pool-side cocktail tasting session.

Also on TheLawyer.com:

  • Lloyd’s of London underwriter Marketform has appointed Aspen Re general counsel Alastair McKay as its new legal chief
  • Barclays has appointed Gibson Dunn partner Mark Shelton as global GC for its investment banking division and regional GC for the Americas
  • Tullett Prebon has hired Arle Capital general counsel Philip Price as its new group general counsel and global compliance head
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