Tobin, who joined the Greece specialist operator in February 2017 as chief operating officer, will remain in a non-executive role, a company statement said.

Director of sales and revenue Michael Vinales will become managing director. He has worked in the industry for more than 35 years in roles such as managing director at Avro and Cosmos Tours’ commercial director. 

During her time with the business, Olympic said Tobin had removed its “reliance” on charter flying and strengthened its trade relationships through training and marketing support.

Upon being promoted to chief executive in October 2017, Tobin took over from Olympic owner George Michalias, who assumed the role of chairman.

Tobin said: “I was brought into the company just under three years ago to transform the business. This has now been successfully completed by working strategically with the team to become an island specialist.

“Our new island-hopping and bespoke holiday brochure and web presence has just been released and I am delighted to now be able to pass on the Olympic flame to Michael Vinales, who I brought in and worked very closely with over the last two years.”

Michalias said: “When Clare joined Olympic Holidays, there was no doubt that her tenacious but inclusive approach would be an enormous asset to the business.

“That decision was right and after three years at the helm, Clare has led the transformation the business and I am delighted that Michael will continue with all the good work undertaken to continue moving the business in this strong strategic direction.”