Olympic's Clare Tobin promoted to chief executive

Meanwhile existing chief executive George Michalias assumes the role of chairman.

Michalias, said: “When we welcomed Clare into the business, we started putting plans in place for her to take over at the helm of the business.

“Her infectious energy, dynamism, product and commercial acumen together with her tour operating experience make her a natural fit for the chief executive role. The board and I wish her

every success in her new role.”

Tobin added: “Celebrating its 50th birthday this year, this is a company with a fantastic heritage and a bright future. We have many exciting developments in place for 2018 and beyond to ensure that Olympic Holidays maintains its place at the heart of the UK travel industry.

“I would particularly like to take this opportunity to thank all on the Olympic Holidays team for the incredibly warm welcome they have given me. Their talent, work ethic and passion for the Islands is truly at the core of this business.”

Tobin joined Olympic Holidays in February and has more than 20 years’ experience.

She spent 17 years with Tui Travel and First Choice where she held senior board roles; and oversaw the group’s specialist premium family brands including Hayes & Jarvis and Sovereign Holidays.