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Examples
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Tui Travel's finance chief Paul Bowtell is leaving the company after it was forced to restate its 2009 accounts.
Tui Travel finance chief to quit after accounts glitch Julia Kollewe 2010
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Bowtell came from First Choice; even Tui's chief executive, Peter Long, insisted Bowtell was not to directly to blame.
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At that point Bowtell announced his resignation, "following discussions with Peter Long".
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*** Travel TUI Travel, Europe's largest travel operator, said Chief Financial Officer Paul Bowtell had resigned after an accounting error forced the company to write off another £ 88 million ($139.4 million) in "irrecoverable balances" and restate its earnings for fiscal 2009.
Business Watch 2010
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Bowtell, 42, offered his resignation and will leave at the end of the year.
Tui Travel finance chief to quit after accounts glitch Julia Kollewe 2010
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Tour operator Tui Travel's chief finance officer Paul Bowtell to leave at end of 2010 after it was forced to restate 2009 accounts
Tui Travel finance chief to quit after accounts glitch Julia Kollewe 2010
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In particular, Hicks and Thorley are believed to have been dismayed by the loss of both KPMG and Bowtell.
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Tui declined to indicate whether Bowtell would get a payoff, saying "any terms are under discussion".
Tui Travel finance chief to quit after accounts glitch Julia Kollewe 2010
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"After three years of reducing capacity by 30% [in the UK], we are starting to become more limited in terms of what we can do," explains Tui's Bowtell.
Sun, sea and a slowdown: travel operators brace for the worst 2010
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While this was going on, other work continued in non-medical applications of MRI principally by Stephen Blackband and Richard Bowtell.
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