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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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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

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EUR/USD

1.0658

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

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AUD/USD

0.6469

-0.0003 (-0.05%)

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

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EUR/CHF

0.9808

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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SJC 1c, 2c, 5c7,380/ 7,550
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SJC 0,5c7,380/ 7,560
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SJC 99,99%7,370/ 7,470
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SJC 99%7,196/ 7,396
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