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As a result, Grant Hearn, who has been chief executive officer since 2003, becomes executive chairman and Keith Hamill, formerly non executive chairman, will be taking up the role of deputy chairman. These changes come in to effect on 1st July 2010.
Grant Hearn said: "The last seven years have been very exciting. We have doubled the size of the business and more recently, delivered very resilient performance in one of the most severe recessions on record. Now that we are recovering from this challenging period, it is time for the next phase of development for this company.
"Travelodge will flourish under Guy's leadership whilst I will be able to focus on new expansion opportunities to provide us with another gear of growth going forward."
Guy Parsons added: "As our business moves close to securing our ten millionth customer and its 400th hotel, we will focus on the future needs of the consumer and place our own people at the heart of our business. With a very strong board and the recent additions to the executive team, I believe that this company has never been better placed for the future."
Travelodge has also announced the appointment of Jon Hendry-Pickup as operations director. Hendry-Pickup joined Travelodge from Tesco Plc where he was most recently based in the Czech Republic as operations director, Czech Republic and Slovakia.
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