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 the world's leading tourism group and operates worldwide. The Group is headquartered in Germany. The TUI share is listed on the FTSE 250, the leading index of the London Stock Exchange, and on the Regulated Unofficial Market in Germany.

The TUI Group offers integrated services from a single source for its 28 million customers, 21 million of whom are in the European national companies. The entire tourism value chain is represented under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 15 cruise ships, from the MS Europa and MS Europa 2 in the luxury class and expedition ships to the Mein Schiff fleet of TUI Cruises and cruise ships at Marella Cruises in England. The Group also includes Europe's leading tour operator brands and online marketing platforms, five airlines with more than 100 modern medium and long-haul aircraft and over 1,000 travel agencies. Besides the expansion of its core business with hotels, cruises via successful joint ventures and activities in holiday destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a digital company.

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