Joe Steele becomes new chief executive of Livebookings

Joe Steele has become the new chief executive of reservation software provider Livebookings, as former CEO Colin Tenwick stepped down and moved into a non-executive role as chairman of the board.

Tenwick joined the group in November 2010 and helped the company hit revenues of £8.9m in 2012, an increase of 30% year-on-year.

Steele has been promoted to his new role, and Guy Halfhead has become chief operating office.

The leadership changes comes at the end of a year that has seen Livebookings strike several new deals. In the first quarter of 2013, the company announced a multi-year European deal with Michelin, who, after investing £6m in the company in March this year now use Livebookings technology on all Michelin restaurant websites.

This deal was followed in the second quarter of the year by a partnership with Relais & Châteaux, which made the Livebookings electronic reservations system available to more than 700 hotels and restaurants around the world.