TUI CFO steps down

TUI is rearranging its Group management with effect from 1 January 2021.

The Supervisory Board headed by Dr. Dieter Zetsche agreed on the changes at its meeting on Tuesday. With Sebastian Ebel, an experienced TUI manager of many years’ standing is moving to the top of the Finance division. He is currently responsible for the Executive Board division Holiday Experiences with hotels, cruises and activities in the destinations. In the meantime, he had also headed the tour operator TUI Deutschland and the Supervisory Board of the Group subsidiary TUI fly in addition to his function on the Group’s Executive Board.

Birgit Conix, who is currently responsible for Finance, had already decided in the summer not to extend her contract term and to leave the Group at the end of the year. The Belgian had joined TUI in 2018 and during her time has driven forward the restructuring of the Group’s finance department, focusing in particular on strengthening TUI’s balance sheet structure before the Corona crisis.

Peter Krüger will take over a newly tailored Executive Board division, which will bundle the Group’s central assets – hotel and cruise shareholdings and the airlines as well as his previous area of responsibility M&A. Peter Krüger joined TUI in 2017 from Deutsche Bank and initially headed Investor Relations and M&A. In summer 2018 he was appointed to the Group Executive Committee and has since been responsible for Group Strategy and M&A. His responsibilities included strategic transactions such as the sale of Hapag-Lloyd Cruises to the joint venture TUI Cruises.

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In the course of the realignment, Erik Friemuth‘s area of responsibility in the Group Executive Committee will be significantly expanded. In future, he will be in charge of Marketing and the Group’s own hotel brands (TUI Blue, Robinson, TUI Magic Life) and also assume Group responsibility for Sales and Customer Operations.

The digital and growth segment TUI Musement will be directly represented in the Group Executive Committee with its CEO David Schelp. David Schelp has been with the Group since 2002 and in recent years has implemented the business unit’s transformation from a classic tour guide business in the destinations to a leading provider of activities and experiences in holiday destinations.

As of January 1, the newly tailored Group Executive Committee headed by Fritz Joussen will continue to include Sebastian EbelPeter KrügerErik Friemuth and David Schelp, in addition to: David Burling, Member of the Executive Board and CEO Markets, Dr. Elke Eller, Member of the Executive Board Human Resources / Labor Director, Frank Rosenberger, Member of the Executive Board IT and Future Markets, as well as Elie Bruyninckx, Member of the Group Executive Committee CEO Western Region, Thomas Ellerbeck, Member of the Group Executive Committee Corporate, External Affairs & Sustainability and Dr. Hilka Schneider, Member of the Group Executive Committee Legal, Board Office & Compliance.

This post was published on 7 October 2020 10:45 pm

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