- Five-year contract extension
- Supervisory Board Chairman Dr Dieter Zetsche: “TUI’s transformation into a digital and platform organization is associated with enormous opportunities that will strengthen our long-term position. We look forward to continuing our excellent working relationship with Fritz Joussen as CEO.”
Berlin, Germany, 2019-Dec-18 — /Travel PR News/ — The TUI AG Supervisory Board has reappointed Fritz Joussen as CEO until 2025. His current contract was extended for a further five years ending 30 September 2025.
Fritz Joussen joined the TUI Executive Board in October 2012 and has been CEO of TUI Group since February 2013.
The merger and integration of the former British company TUI Travel took place under his leadership. During the past five years TUI has successfully evolved from traditional tour operator to the world’s leading integrated tourism group with its own hotel portfolio, cruise lines and airlines. All business segments are strongly aligned with the TUI umbrella brand. The Group is developing new digital businesses and targeting new markets in Southeast Asia and South America with its digital strategy. The transition to a digital company has begun and will be accelerated over the next few years. Today’s TUI is not the TUI of five years ago.
TUI is in excellent shape, delivering good margins and driving growth with a clear digital strategy. The transformation into a digital and platform organization is associated with enormous opportunities and will strengthen our long-term position. We are delighted to have the opportunity to work with Fritz Joussen as our CEO for another five years,” said Supervisory Board Chairman, Dr Dieter Zetsche.
ABOUT TUI GROUP
TUI Group is the world’s leading integrated tourism group operating in more than 100 destinations worldwide. The company is headquartered in Germany. The TUI Group’s share is listed in the FTSE 100 index, the leading index of the London Stock Exchange, and in the German open market.
In financial year 2019, TUI Group recorded turnover of around €19bn and an operating result of €893m. The Group employs more than 70,000 people worldwide. TUI offers its 28 million customers, including 21 million customers in European national companies, integrated services from a single source. It covers the entire tourism value chain under one roof. This comprises more than 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson as well as 18 cruise ships ranging from the MS Europa and MS Europa 2 luxury class vessels and expedition ships to the Mein Schiff fleet of TUI Cruises and the vessels of Marella Cruises in the UK. The Group also includes leading European tour operator brands, five airlines with 150 modern medium- and long-haul aircraft and 1,600 travel agencies. Apart from the expansion of its core business with hotels, cruises and destination activities, TUI is increasingly investing in digital platforms. The Group is transforming as a digital company.
Global responsibility for sustainable economic, ecological and social activity is a key feature of our corporate culture. TUI Care Foundation, initiated by TUI, promotes the positive effects of tourism, education and training as well as environmental and social standards with projects in 25 countries. It thus contributes to the development of the holiday destinations. TUI Care Foundation, operating around the world, initiates projects creating new opportunities for the next generation.
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