Orbitz Worldwide (OWW) Names Barney Harford President/CEO

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January 7, 2009 7:41 AM EST

Orbitz Worldwide, Inc. (NYSE: OWW) today announced the appointment of Barney Harford as the company's president and CEO. Harford has also been appointed to the Orbitz Worldwide board of directors. Harford will succeed Steve Barnhart who resigned to pursue other interests. Barnhart will remain with the company through early April in an advisory role to assist with the transition.

In addition to its leadership transition, Orbitz Worldwide today announced that it will take further measures to lower its operating costs. In combination with the expense and workforce reductions announced in November 2008, these latest measures are designed to position Orbitz Worldwide for success in the face of the challenging economic prospects for the global travel industry. Over the next several weeks, Orbitz Worldwide will implement measures designed to lower its cost structure by an estimated additional $20- 25 million annually, in addition to the $20 million of annual cost reductions announced in November 2008.

Orbitz Worldwide is a global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. [SM]