‘Existence crisis has been mastered’, says boss after pandemic
Friedrich Joussen, owner of travel operator TUI, has resigned from his position to be replaced by the company’s CFO Sebastian Abel.
Jausen said that when the coronavirus pandemic hit in the spring of 2020 it turned TUI into a company whose business was not “virtually overnight”, and that the most focus was on protecting the operator and “crisis management”. was given.
He said that the task was now complete, so he had decided to resign from the group, and he felt comfortable doing so now that TUI had a high level of liquidity and was no longer using state credit lines and The company is expecting a strong summer of travel “around 2019 levels”.
“Now that the existential crisis has been mastered, the time is right for a change on top of TUI,” said Jousson.
He will step down as CEO on September 30 this year.
TUI Chairman Dieter Zetsche said: “Sebastian Abel is set to be the new CEO of TUI. He is a great choice for a fresh start after the Corona crisis. As a member of the Executive Board, he has been involved in hotels, cruises and activities for many years. Have been responsible for strategic growth areas of the company and have developed them into the most profitable areas of the group.
“I have worked closely with him over the years and greatly appreciate his expertise and credibility. I am confident that he will lead TUI to new successes.”
He said the board regretted Jousson’s decision to stand down and he “personally” regretted it, and that the CEO had taken over a travel group that was “threatened to split up” but “successfully restructured”. ” and TUI has been given its current “future-proof shape”.
Abel will be replaced as CFO by Mathias Kip, who currently holds the position of Group Director for Control of the Business.
Credit: www.standard.co.uk /