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Ambassadors execs Jeff, Peg Thomas resign; board will start search for new CEO

Spokane's Ambassadors Group’s President and CEO Jeff Thomas, and his wife, Margaret Thomas, the company’s executive vice president, announced they are leaving the company.

Jeff Thomas has been head of the publicly traded company since 1996. Ambassadors runs the student-focused travel program People to People. Last year the company arranged education tours for 21,200 travelers, compared with nearly 24,000 in 2011.

The resignations are effective immediately, the company said in a release.

Anthony Dombrowik, senior vice president and chief financial officer, is interim chief executive offficer. The board of directors has said it will start a search for a new CEO.

The company has offices near the Spokane Airport.

According to the company’s 2012 proxy statement, the most recent available, Jeff Thomas’s total compensation in 2011 was $775,031. Margaret Thomas’s total compensation during that period was $455,031.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.