TUI directors resign from the Board
TUI AG chief executive Fredrich Joussen, chief financial officer Horst Baier and chief operating officer Sebastian Ebel have resigned from the TUI Travel Board ahead of the merger between the two groups.
In an announcement to the Stock Exchange yesterday, TUI Travel said seven other directors are stepping down with immediate effect – non-executive deputy chairman Sir Michael Hodgkinson and non-executive directors Coline McConville, Janis Kong, Minnow Powell, Valerie Gooding, Dr Erhard Schipporeit and Dr Albert Schunk.
This means the TUI Travel Board will consist of chief executive Peter Long, deputy chief executive Johan Lundgren and chief financial officer Will Waggott.
The €6.5 billion merger between TUI AG and TUI Travel is due to be completed on December 17.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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