The merger of TUI AG and TUI Travel PLC has been completed, with the combined TUI Group now trading on the London Stock Exchange.
The group’s joint CEOs Fritz Joussen and Peter Long opened the day’s trading this morning to mark the start of the merged operations between the UK and Germany based companies.
Between them the companies will take 30 million people on holiday a year to 180 countries, with more than 1,800 travel agencies, six airlines, 300 hotels and resorts and several cruise ships.
“After many months of working together it is now extremely satisfying that we are now one company,” said Long in an interview on a video on TUI Group’s website and also below.
Joussen added: “We have worked a lot and sometimes it has been difficult but we’ve achieved it and the [merger] is great.”
As part of the merger the group’s supervisory board has been extended from 16 to 20 members, led by chairman Professor Dr. Klaus Mangold.
Earlier this week the group’s executive committee met in London who will be responsible for the strategy and operation of the new TUI Group.
Members of the TUI Group committee are
Friedrich Joussen, Co-CEO
Peter Long, Co-CEO
Johan Lundgren, deputy CEO, mainstream
Horst Baier, chief financial officer
Sebastian Ebel, chief HR officer, strategic platforms
William Waggott, CEO Accommodation & Destinations and Specialist & Activity
David Burling, managing director, TUI UK and TUI Ireland
Christian Clemens, managing director, TUI Germany
Thomas Ellerbeck, group director corporate & external affairs
Erik Friemuth, group chief marketing officer
Kenton Jarvis, group director controlling, CFO Mainstream
Dr. Hilka Schneider, general counsel, chief compliance officer & company secretary
Jacky Simmonds, group HR director