TIDMTUI
RNS Number : 9432M
TUI AG
12 May 2015
12 May 2015
TUI GROUP
NEW TOURISM ORGANISATION STRUCTURE AND BOARD CHANGES
Full integration of tour operating, hotel and cruise ship
operations to be implemented: TUI Group will become more agile and
competitive
- Deputy CEO Johan Lundgren will be leaving the Group
- Focus on growing the Company
- Flatter hierarchy, closer to its operational business in the markets
- Business operations will be grouped into three regions
- David Burling will join the Executive Board
Following the successful completion of the merger of TUI AG and
former TUI Travel PLC, integration of the two businesses is
progressing faster than originally envisaged. To capitalise on this
the Executive Board will be accelerating the creation of a
simplified organisational structure reflecting the Group's focus on
an integrated tourism business with clear accountabilities across
the Group. The full integration of tour operating and own hotel and
cruise ship operations will be implemented, creating a flatter
hierarchy and allowing the company to be closer to its operational
business in the markets. This new structure will bring the areas of
tour operating, hotels and cruises under one organisation and
result in a number of changes in roles and responsibilities.
Johan Lundgren, Deputy Chief Executive and Managing Director
Mainstream Markets, having been fully involved in the design and
supportive of the new structure has taken the decision that he does
not want to take up a role within it. He believes that now is the
appropriate time to step down from the Executive Board and leave
the Group, which he will do effective as of 31 May 2015.
Business operations will be grouped into three regions in
future.
Northern Region
David Burling, Managing Director TUI UK & Ireland and Member
of the Group Executive Committee, will join the Executive Board
with effect from 1 June 2015. He will assume overall responsibility
for the UK & Ireland, Nordics (Sweden, Norway, Finland and
Denmark), Canada and Russia, as well as the Group Divisions for
Product & Purchasing and Aviation Platforms. Following David
Burling's promotion, Nick Longman, currently Mainstream
Distribution & Online Director, is appointed Managing Director
TUI UK & Ireland. His current team will move into Group
Marketing.
Central Region
Sebastian Ebel's executive responsibilities will be extended.
The management team of the Central Region (TUI Deutschland GmbH)
with businesses in Germany, Austria, Switzerland and Poland and the
new unit TUI Destination Services based on Mallorca will report
into him. As in the past he will also be responsible for Hotels and
Resorts, Cruise Ship Companies and IT.
Western Region
Ellie Bruyninckx, Managing Director Benelux, will join the Group
Executive Committee as a new member overseeing the Western Region.
He will take on additional overall responsibility for France as
well as his current responsibility for TUI Benelux with Belgium and
the Netherlands.
Commenting Prof. Dr. Klaus Mangold, Chairman of the Supervisory
Board of TUI Group said:
"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 Johan Lundgren
most sincerely for his services to TUI. He made a decisive
contribution to the success of the former TUI Travel and he has
supported the merger. The TUI Supervisory Board and I wish him all
the best for his personal and professional future."
Fritz Joussen, Joint-CEO of TUI Group added:
"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 David Burling on the Executive Board and
Ellie Bruyninckx on the Group Executive Committee and wish them all
success. I also want to thank Johan Lundgren for playing a crucial
role in setting up the merger in 2014 and for his contribution
leading the new TUI Group to a successful start. I wish him all the
best."
Peter Long, Joint-CEO of TUI Group and former Chief Executive of
TUI Travel said:
"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 TUI Travel and more recently the TUI Group. With a keen
focus on delivering operational effectiveness and consistent profit
improvement as a Managing Director for the Mainstream Sector and
Deputy Chief Executive of TUI Travel he successfully established a
clear strategic framework for the Sector. As a result, between 2011
and 2014, profitability increased by some 48% from GBP370 million
to GBP546 million.
"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."
Johan Lundgren, Deputy Chief Executive of TUI Group
commented:
"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 Professor Mangold, the
members of the Supervisory Board and my colleagues on the Group
Executive Committee for respecting my decision and I wish them all
the best."
The Company confirms that there are no further matters requiring
disclosure in relation to paragraphs 9.6.13 (1) to (6) of the
Listing Rules of the UK Listing Authority
ANALYST & INVESTOR ENQUIRIES
Andy Long, Director of Investor Relations Tel: +44 (0)1293 645
831
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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