Hannover, 16 December 2019

TUI Supervisory Board reappoints CEO Fritz Joussen until 2025

  • Five-year contract extension
  • Supervisory Board Chairman Dr Dieter Zetsche: “TUI’s transformation into a digital and platform organization is associated with enormous opportunities that will strengthen our long-term position. We look forward to continuing our excellent working relationship with Fritz Joussen as CEO.”

The TUI AG Supervisory Board has reappointed Fritz Joussen as CEO until 2025. His current contract was extended for a further five years ending 30 September 2025. 

Fritz Joussen joined the TUI Executive Board in October 2012 and has been CEO of TUI Group since February 2013.

The merger and integration of the former British company TUI Travel took place under his leadership. During the past five years TUI has successfully evolved from traditional tour operator to the world’s leading integrated tourism group with its own hotel portfolio, cruise lines and airlines. All business segments are strongly aligned with the TUI umbrella brand. The Group is developing new digital businesses and targeting new markets in Southeast Asia and South America with its digital strategy. The transition to a digital company has begun and will be accelerated over the next few years. Today’s TUI is not the TUI of five years ago.

TUI is in excellent shape, delivering good margins and driving growth with a clear digital strategy. The transformation into a digital and platform organization is associated with enormous opportunities and will strengthen our long-term position. We are delighted to have the opportunity to work with Fritz Joussen as our CEO for another five years,” said Supervisory Board Chairman, Dr Dieter Zetsche.

About TUI Group

The TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the Prime Standard of the Frankfurt Stock Exchange, in the regulated market of the Lower Saxony Stock Exchange in Hanover and in the FTSE 250, an index of the London Stock Exchange. TUI Group offers its 19 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe's leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, five airlines with more than 130 modern medium- and long-haul aircraft and around 1,200 travel agencies. In addition to expanding its core business with hotels and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.

Global responsibility for sustainable economic, environmental and social action is at the heart of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards. In this way, it supports the development of vacation destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.