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AAP
AAP
Derek Rose

Founder of scandal-hit travel firm gone, shares stuck

Corporate Travel Management founder and head Jamie Pherous is retiring, effective immediately. (Steven Saphore/AAP PHOTOS)

The founder and head of a stock exchange-listed travel company reeling from an overbilling scandal by its British subsidiary is retiring, effective immediately.

Jamie Pherous will transition to a six-month-long strategic advisory role with Corporate Travel Management, which he built over 32 years from a small Brisbane agency into one of the world's biggest travel service providers.

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