Merged TUI Group begins trading

TUI's executive committee met this week in London. Members here include co-CEOs Fritz Joussen and Peter Long (centre)
TUI’s executive committee met this week in London. Members here include co-CEOs Fritz Joussen and Peter Long (centre)

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

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