Dufry's new Global Executive Committee structure, effective September 1, 2020, integrates HQ and divisions, while simplifying top management functions Dufry is adapting its organization to the new business environment to accelerate growth and support profitability during the recovery phase of the economic crisis and beyond. The new organizational structure, which will become effective as of September 1, 2020, aims at further strengthening the airport travel retail business and other channels, thus driving the company's profitability and preparing growth acceleration. Main changes: · Integration of headquarters and divisions as well as grouping countries into a reduced number of 7 clusters plus North America as compared to the 23 clusters so far · Simplifying the first management level by grouping related functions · Introducing a new, reduced Global Executive Committee to reflect organizational changes The integration of headquarters and divisions will simplify the current divisional layer by directly connecting headquarters to the country clusters. This integration will result in all clusters reporting to Eugenio Andrades as new CEO Operations, with exception of the current division North America, which will continue to report to Roger Fordyce, CEO North America. The countries will be grouped into 7 clusters plus North America, allowing smaller countries to be served from local shared service centres.