America West Co-Founder Michael J. Conway Joins WorldVentures as CEO
Conway replaces Dan Stammen who is assuming new role as Chief Marketing Officer
Dallas, TX (PRWEB) April 18, 2008 -- WorldVentures Marketing, LLC announced today that 30-year travel veteran and Co-Founder of America West Airlines Michael J. Conway has been named Chief Executive Officer (CEO), effective immediately. Conway's leadership experience, taking America West from its first flight to $1 billion in annual revenues in six years, will be invaluable to the young start-up.
"Mike is the perfect person to lead us into our next phase of growth," said Wayne Nugent, Co-Founder of WorldVentures. "His extensive knowledge of travel, his strong management skills, and his impeccable credentials are going to be a huge asset as the company continues our rapid expansion."
As co-founder of America West Airlines, Conway became the youngest CEO of a major US airline in 1991 and has successfully managed explosive growth, which former WorldVentures CEO Dan Stammen says, "is rapidly approaching." America West achieved $1 billion in annual revenues in 1989, earning Major Carrier status the same year as Southwest Airlines, but in 12 years less time. "We started that company from a blank piece of paper and built it up to 14,000 employees," says Conway.
Conway had been searching for his next great challenge, a dynamic young company with a unique business model and the potential for massive growth. "When I first saw what they were doing, I was blown away," says Conway. "This company has something special on its hands and I think it has the potential to change the face of the travel industry."
Conway comes to WorldVentures from Air Jamaica, where he was CEO and led turnaround efforts for the troubled airline. Previous roles include a brief stint at Continental and serving as Chairman and CEO of National Airlines from its founding in 1995 to 2003. He's twice been named Airline Person of the Year by Travel Agent Magazine, was the lead airline and aerospace specialist for the New York Office of Price Waterhouse, and during his career he's raised more than $1 billion in financings, including an IPO.
Former CEO Dan Stammen will be stepping into a new role as Chief Marketing Officer. "I have other talents that can benefit the company by bringing in more business and putting together higher revenue streams," he says. Throughout his 25 years in marketing, Stammen has built sales teams totaling more than 1.2 million representatives that generated over 900 million dollars in sales revenue.
As CMO, Stammen will continue to be involved with the projects he spear-headed as CEO but will also be able to oversee new initiatives that require the kind of hands-on experience and specific expertise he is known for. "Dan Stammen has forgotten more about marketing than many of us will learn in a lifetime," says Co-Founder Mike Azcue. "With Dan as our CMO, the growth our representatives are going to see in 2008 is going to be staggering."
As CEO, Stammen led the company to record growth that continues today. In the last 30 months, the corporate staff has expanded from zero to over one hundred. The company finished out 2007 with $45 million in revenue, three times that of 2006.
The announcement comes on the heels of the recent promotion of Robert Oblon from Executive Vice President to President. "With the addition of Mike Conway and the re-organizing of our team, we've got the perfect lineup to guide us into the hyper-growth we're anticipating in 2008 and beyond," says Mike Azcue.
About WorldVentures
WorldVentures is an online travel company and host agency for home-based travel agents. Founded in December 2005, the company is an emerging leader in the leisure travel industry. WorldVentures is a privately held company based in Plano, TX, with active representatives and members in all 50 states. More information about WorldVentures is available at www.worldventures.com.
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