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Holiday group TUI's CEO to step down

(Reuters) -TUI said on Friday Friedrich Joussen was stepping down as chief executive officer at the end of September after helming the world's largest holiday group for nearly a...
Holiday group TUI's CEO to step down © Reuters. FILE PHOTO: The logo of Germany-based travel company TUI is seen on a travel agency in Paris, France, June 23, 2020. REUTERS/Charles Platiau

(Reuters) -TUI said on Friday Friedrich Joussen was stepping down as chief executive officer at the end of September after helming the world's largest holiday group for nearly a decade.

The company named finance chief Sebastian Ebel as Joussen's successor and said it would propose naming the incoming CEO as chairman of the board.

"When the pandemic in spring 2020 turned us into a company without a business virtually overnight, all our attention was focused on one goal: rescuing TUI," Joussen said.

"Now that the existential crisis has been mastered, the time is right for a change at the top of TUI."

Mathias Kiep will take over the role of chief financial officer from Ebel in October, TUI said.

TUI last month said it expects to become profitable again in 2022 as countries lift restrictions and people book package tours, eager to pay more for higher hotel grades or extra services on their long-awaited vacations.

Germany had given TUI aid of 4.3 billion euros ($4.52 billion).

"Ebel inherits a company which has weathered the worst of the pandemic with bookings recovering, but still has some tough decisions ahead to counter the travel delays in Europe at the moment and also fully fix the balance sheet long-term," Bernstein analysts wrote in a note.

($1 = 0.9503 euros)

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28-06-2022 17:12:35 (UTC+7)

EUR/USD

1.0587

+0.0004 (+0.04%)

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1.0587

+0.0004 (+0.04%)

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1.2263

-0.0001 (-0.00%)

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135.96

+0.54 (+0.40%)

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0.6945

+0.0022 (+0.33%)

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1.2837

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143.96

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1.0100

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1,826.50

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3.8303

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Euro Stoxx 50

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3,900.11

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8,342.90

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 EUR/USD1.0587↑ Sell
 GBP/USD1.2263Neutral
 USD/JPY135.96↑ Buy
 AUD/USD0.6945Neutral
 USD/CAD1.2837Buy
 EUR/JPY143.96↑ Buy
 EUR/CHF1.0100↑ Sell
 Gold1,826.50Buy
 Silver21.312↑ Sell
 Copper3.8303↑ Sell
 Crude Oil WTI111.33Buy
 Brent Oil112.87Neutral
 Natural Gas6.527Sell
 US Coffee C222.75↑ Sell
 Euro Stoxx 503,563.55Buy
 S&P 5003,900.11↑ Buy
 DAX13,260.94↑ Sell
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 Hang Seng22,418.97↑ Buy
 Small Cap 20001,772.68↑ Buy
 IBEX 358,342.90↑ Sell
 BASF43.395↑ Sell
 Bayer60.03↑ Sell
 Allianz183.86↑ Sell
 Adidas170.50↑ Sell
 Lufthansa6.075↑ Sell
 Siemens AG104.60↑ Sell
 Deutsche Bank AG8.960↑ Sell
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Cập nhật 28-06-2022 17:12:37
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Cập nhật lúc 17:08:14 28/06/2022
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