Ultramar Travel Management Announces Leadership Transition

April 10, 2014 |


Peter Klebanow, President and CEO of Ultramar Travel Management, announced that he will retire from the company on December 31, 2014 and will be succeeded by Michel Botbol, who is currently the company’s Chief Operating Officer.

Since combining forces with Travel and Transport in October 2012, Ultramar and Travel and Transport have seen great success and Klebanow felt it was time to continue with the transition. “It’s been a great run for me these past 34 years and I feel very good about exiting at the end of the year knowing that the business is stronger than ever, the transition has been subtle and reinforcing as prescribed, and that the management team is excited and motivated by the opportunities that lay before them. It gives me great satisfaction knowing that Ultramar’s employees are now employee-owners of the organization they helped build!” said Klebanow. Currently, Travel and Transport and Ultramar serve as the largest employee-owned travel management company in the nation.

Klebanow says that of all his successes, surely the greatest and most lasting is his building of Ultramar’s Executive Team of Michel Botbol – Chief Operating Officer, Evan Friedman – Executive Vice President, Thomas Chermack – Chief Information Officer, Barbara Yarar – Senior Vice President Operations and Carolann Martini – Senior Vice President Client Consulting.

“We are excited for Peter to embark on this next chapter of his life,” stated Bill Tech, Chairman and CEO of Travel and Transport. “During his time as President and CEO, Peter and his team turned Ultramar into one of the nation’s leading travel management companies. For both Travel and Transport and Ultramar, the acquisition in 2012 was a very strategic move and has provided great benefits for our employees and customers. Peter was instrumental in ensuring that the acquisition was a success, which is a true testament to the dedication he has for his company,” stated Tech.

Understanding the tremendous success of the company, Travel and Transport’s Board of Directors planned from the outset to keep the Ultramar Travel leadership team in place by signing them to long-term contracts. Botbol will lead the team as President of Ultramar, commencing January 1, 2015. Botbol joined Ultramar as CFO in 2003 after 12 years at the Danone Group where he served in multiple roles in IT, Sales, Strategic Planning and Finance. Botbol was promoted to the position of Ultramar’s COO in 2007.

Ultramar’s revenue has increased eight fold since 2003. “It is the unique capabilities and strategic vision of the Executive Team and all of our employees that prove that the whole is truly greater than the sum of its parts and makes us a bright light in the industry,” said Botbol. “This is a forward looking, dynamic team with enormous experience, industry relations and respect. Everyone on this team has worked to ensure Ultramar is well-positioned for continued growth regardless of what changes may yet be in store for the travel industry. What differentiates our company from our competitors, both large and small, is the closeness and true sense of partnership that we create through the easy access to the team,” said Botbol.

Ultramar enjoys a company culture that has attracted and managed to keep the industry’s very best human capital across all aspects of, and levels of the organization, resulting in a highly experienced and tenured employee base.

Ultramar and Travel and Transport’s employees wish to take this opportunity to congratulate Peter Klebanow for all of his past achievements that have so strongly positioned Ultramar for the future. We wish him success in all his future endeavors, which will begin with him returning to graduate school to earn an additional degree.

About Travel and Transport, Inc.

Founded in 1946, Travel and Transport, Inc., is the 5th largest travel management company in the U.S. specializing in corporate travel management, vacation travel, and group and meeting travel services. Travel and Transport, a 100% employee-owned company recognized for unparalleled service, integrity and travel industry knowledge, has locations in 39 states and is headquartered in Omaha, Nebraska. Please visit our company web site at travelandtransport.com for more information about Travel and Transport’s services.

About Ultramar Travel Management, Inc. – A Travel and Transport Company

Founded in 1947 and headquartered in New York, Ultramar Travel Management, Inc. is a recognized leader in the area of corporate travel management. Ultramar leverages the “smartest” industry leading and proprietary technology solutions and high touch customer service to deliver unparalleled service experiences to its prestigious client roster of sophisticated, exacting business travelers. Acclaimed for its nimbleness and close-to-the-client relationships, Ultramar specializes in delivering the finest in fully managed, customized corporate travel management programs to its clients. Learn more about Ultramar at www.ultramartravel.com.