23:53 Tue 12 May 2015
TUI AG - Directorate Change
TUI GROUP
NEW TOURISM ORGANISATION STRUCTURE AND BOARD CHANGES
Full integration of tour operating, hotel and cruise ship operations to be implemented:
- Deputy CEO
- Focus on growing the Company
- Flatter hierarchy, closer to its operational business in the markets
- Business operations will be grouped into three regions
-
Following the successful completion of the merger of
Business operations will be grouped into three regions in future.
Commenting Prof. Dr.
"The integration is progressing very well. That's why we are able to bring these formerly separately managed business areas under one organizational umbrella earlier than envisaged. We're keeping the promises we made at the time of the merger and we are now implementing them ahead of schedule. TUI is going to be a fully integrated tourism business. The Supervisory Board hopes that the new organization structure will further strengthen TUI and its international competitiveness. I'd like to thank
"TUI is the world's leading tourism business. On one hand we have global scale in brand, airlines, hotels and cruises on the other hand we hold market leading positions in all of our source markets. Now it will be essential to act on both global scale and local leadership. The new setup will reduce layers and make our company more agile and competitive. This will be the essential to stay ahead. We achieved the implementation of our integrated organization earlier then we had envisaged when we completed the transaction. Now we will focus on growing the company, improving our competitiveness, cost position and profitability.
"I want to welcome
"I am very sad that Johan has decided that he now wishes to leave the business to pursue new challenges outside the Group and I wish him every success for the future. He has been a key executive both within
"Johan is one of the most capable tour operators that I have had the pleasure of working with during my long career in leisure travel. He has accumulated close to 30 years of experience in the dynamic industry in which we operate and is truly an international businessman. His understanding of the importance of continuously evolving our product, giving our customers something they can only get from us, putting them at the heart of what we do, embracing technology to help deliver a superior customer experience, very effectively leading his team and delivering increased profitability are all things of which he can be justifiably proud.
"It is testament to our business that we have the strength and depth in our management team that we can so effectively promote from within to ensure that what we have achieved to date will continue after Johan's departure."
"I have thoroughly enjoyed my time with TUI and I am very proud of what we have achieved. I have relished the roles I have taken, playing a part in growing the business and delivering value to all stakeholders. This has been a very difficult decision for me to make but I am firmly of the opinion that now is the right time to leave the company and pursue my next opportunity outside the world of TUI. I'd like to thank our chairman
The Company confirms that there are no further matters requiring disclosure in relation to paragraphs
ANALYST & INVESTOR ENQUIRIES
Contacts for Analysts and Investors in UK, Ireland and Americas
Sarah Coomes, Head of Investor Relations Tel: +44 (0)1293 645 827
Tej Randhawa, Senior Investor Relations Manager Tel: +44 (0)1293 645 829
Jacqui Smith, PA to Andy Long Tel: +44 (0)1293 645 831
Contacts for Analysts and Investors in Continental Europe, Middle East and Asia
Nicola Gehrt, Head of Investor Relations Tel: +49 (0)511 566 1435
Ina Klose, Investor Relations Manager Tel: +49 (0)511 566 1318
Jessica Blinne, Team Assistant Tel: +49 (0)511 566 1425
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