LONDON (Brand Republic) - Tom Teichman, a founding investor of online travel booking company Lastminute.com, has resigned from the board in order to concentrate on other investments.
Teichman, a former investment banker, joined Lastminute鈥檚 board in May 1998 after leading the consortium that backed the start-up three years ago. He is also the chairman of internet incubator New Media Spark.
He insisted his departure was not due to Lastminute鈥檚 falling share value, which has slumped from last year鈥檚 flotation price of 380p to 50.5p this morning.
www.lastminute.com
www.newmediaspark.co.uk