Michael Riegel
Travel management company Navan has announced the promotion of Michael Riegel, to CEO, EMEA.
Formerly general manager of Navan, EMEA, Riegel will be responsible for expansion, brand presence and P&L across the region.
Ariel Cohen, Navan CEO said: “Appointing Michael as CEO of Navan, EMEA, was an obvious
choice. His expertise in scaling businesses has proved instrumental as
Navan becomes the leader in travel, payments, and expense in Europe and
sets the standard for travel and expense management globally."
Riegel began his
career in the early internet era and became an entrepreneur and builder of companies. Prior to Navan, he was the CEO and
co-founder of Comtravo, a tech-forward travel management company based
in Berlin. The Navan Group acquired Comtravo in 2022.
Michael Riegel CEO Navan, EMEA said: “Europe
makes up roughly half of the Navan Group’s customer base, making it
vital for Navan to have a deep knowledge of local requirements and
obstacles across the region.
"As a result of the Navan
Group’s dedicated approach to European expansion in the last few years —
including four acquisitions across Europe — I am confident that Navan
is the best-positioned T&E platform to take the European market, and
I am honored to lead this charge.”
In his previous role, as general manager of EMEA, Navan's EMEA booking volume and spend volume more than doubled YOY.
Riegel
also oversaw the successful launch of Navan Expense in Europe and, according to Navan, has played a vital role toward driving the adoption of NDC.
The Navan Group was named fourth in BTN Europe’s 2023 Leading TMC.