Log in
Log in
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. TUI AG
  6. News
  7. Summary
    TUI1   DE000TUAG000


Delayed Xetra  -  11:42:00 2023-02-03 am EST
2.025 EUR   -1.07%
02/01Tui Ag : Preliminary announcement of the publication of quarterly reports and quarterly/interim statements
02/01Afr : TUI AG: Preliminary announcement of the publication of quarterly reports and quarterly/interim statements
01/31Griffin Global Asset Management Announces the Purchase and Leaseback of Two Boeing 737-8 Aircraft with TUI Group
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

TUI Supervisory Board confirms changes in TUI's Executive Board and Group Executive Committee: focus on customer experience and quality

10/25/2022 | 09:54am EST
  • Central IT functions to be anchored within remit of new TUI Group CEO Sebastian Ebel in future - operational IT units to be dovetailed with TUI's source markets and business units in line with market requirements
  • Frank Rosenberger, Executive Board member responsible for IT and Future Markets, has decided to leave the Group on 31 October
  • Peter Krüger, in addition to his current role, will assume overall responsibility for the hotel and cruise segment as well as activities and experiences as CEO Holiday Experiences at board level in the future
  • Erik Friemuth, as Chief Marketing Officer, will assume responsibility for global customer experience and quality campaign in addition to his current duties
  • Airline business to be directly represented in Group management in future: Chief Airline Officer Marco Ciomperlik to become new member of the Group Executive Committee

The Supervisory Board has confirmed a realignment of TUI's Executive Board and Group Executive Committee. The new set-up will strengthen customer experience and quality, drive digital processes and anchor the airline business directly in the Group's executive committee.

Frank Rosenberger, Chief IT and Future Markets Officer, has decided to leave the Group at the end of October. Rosenberger has been with TUI since 2015 and had been responsible for Future Markets and the Group's digitalisation on the company's Executive Board since 2017. Under his responsibility, a global system for TUI tour operators was launched and the digitalisation of the company was significantly advanced. With the TUI App, there is now a uniform service and sales solution for all TUI travel products. In all areas of the company, the IT infrastructure was geared to the future - in finance and human resources, the worldwide systems were standardised, and a strong global platform was created for TUI Airlines. With TRIPS, a powerful cloud-based tour operator platform based on the latest IT standards is in the making. Software development continued during the pandemic period and the roll-out of the platform has begun. Under Rosenberger's leadership of Future Markets, the markets in Southern Europe, South America and China were fundamentally restructured.

Dr. Dieter Zetsche, Chairman of the Supervisory Board of TUI AG: "Frank Rosenberger has built up an international IT team at TUI and massively advanced digitalisation in all areas of the Group. He has thus created an important basis for TUI to grow profitably in the coming years. The fact that the Group's digitalisation did not come to a standstill even during the Corona crisis is largely thanks to him. The digital transformation has progressed. Now the operational implementation can enter the next phase. On behalf of the entire Supervisory Board, I would like to sincerely thank Frank Rosenberger for his excellent cooperation and his contribution to the development of the company. I wish him all the best for the future."

The CIO with his central IT functions at TUI will ultimately move up to the direct area of responsibility of the new TUI Group CEO Sebastian Ebel. The other IT units will be even more closely interlinked with the operational areas to enable fast and efficient implementation of the ambitious digitalisation strategy. Accordingly, responsibility for business-related IT areas will move to the business segments: to David Burling, CEO Markets & Airlines, Peter Krüger, CEO Holiday Experiences and Chief Strategy Officer, and Erik Friemuth, Chief Marketing Officer and Managing Director TUI Hotels & Resorts.

In the future, the Holiday Experiences segment will be entirely under the responsibility of Peter Krüger at Executive Board level. The Holiday Experiences resort will combine TUI's entire hotel business, including its own and joint venture hotel brands, the cruise sector and the excursions, activities and experiences segment. In addition to his new role as CEO Holiday Experiences, Peter Krüger will remain responsible for Group strategy and M&A as Chief Strategy Officer.

Customer experience and quality will be strengthened and expanded by the new CEO Sebastian Ebel. Erik Friemuth's area of responsibility will be significantly enlarged as part of the changes in the Group Executive Committee. In addition to his role as Chief Marketing Officer and his responsibility for the three core hotel brands Robinson, TUI Magic Life and TUI Blue, Friemuth will hereafter be also responsible globally for customer experience and quality. This underlines the Group's ambition to further strengthen its quality market leadership in the respective segments.

TUI's airline sector is a central element in TUI's integrated positioning. With Marco Ciomperlik, Chief Airline Officer, TUI's airline business will be directly represented in Group management in the future. Ciomperlik will become a new member of the Group Executive Committee on November 1. Ciomperlik joined TUI in 2016 and has overall responsibility for the Group's airlines since 2021.

Sebastian Ebel, CEO of TUI: "Digitalisation remains a top priority for the Group. We have a very ambitious digitalisation strategy and a clear implementation roadmap. With the new set-up, we want to start operational implementation even faster and more efficiently. Frank Rosenberger has created the basis for this, for which I thank him very much. I wish Peter Krüger, Erik Friemuth and Marco Ciomperlik every success in their new and expanded roles - I am very much looking forward to continuing the good and close cooperation in the future."

In addition to Sebastian Ebel, Peter Krüger, David Burling, Erik Friemuth and Marco Ciomperlik, members of the Group Executive Committee will be and continue in unchanged roles: Mathias Kiep, Chief Financial Officer, Sybille Reiß, Chief People Officer and Labour Director, Elie Bruyninckx, CEO Western Region, Nina Scherf, Group Director Legal, Compliance & Board Office, Thomas Ellerbeck, Group Director Corporate & External Affairs & Chief Sustainability Officer, and Peter Ulwahn, CEO TUI Musement.

The full set-up of the Group Executive Committee as of November 1 can be found on www.tuigroup.com.

About TUI Group

TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed on the FTSE 250, an index of the London Stock Exchange, on the regulated market of the Hanover Stock Exchange and on the Open Market segment of the Frankfurt Stock Exchange. The TUI Group offers integrated services from a single source for its 27 million customers, 21 million of them in the European national companies.

The entire tourism value chain is covered under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 cruise ships, from the MS Europa and the 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 Great Britain. The Group also includes leading tour operator brands and online marketing platforms across Europe, five airlines with more than 100 modern medium and long-haul aircraft and over 1,000 travel agencies. In addition to expanding 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. 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 with projects in 25 countries. It thus supports holiday destinations in their development.

Kuzey Esener
Head of Media Relations
Contact details
+49 (0) 511 566 6024


TUI AG published this content on 25 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2022 13:53:46 UTC.

ę Publicnow 2022
All news about TUI AG
02/01Tui Ag : Preliminary announcement of the publication of quarterly reports and quarterly/in..
02/01Afr : TUI AG: Preliminary announcement of the publication of quarterly reports and quarter..
01/31Griffin Global Asset Management Announces the Purchase and Leaseback of Two Boeing 737-..
01/27JPMorgan raises 888; Peel Hunt cuts Antofagasta
01/26Germany's TUI Taps Banks For Planned Rights Offering
01/23Tui Ag : Director Declaration
01/20Tui launches new hotel portals - individual bookings as a growth market
01/20TUI: Luxury holiday demand boosts sales
01/18Bank of America and Oddo BHF cut Whitbread
01/17TUI boss: we are open to a big shareholder
More news
Analyst Recommendations on TUI AG
More recommendations
Sales 2023 18 533 M 20 112 M 20 112 M
Net income 2023 313 M 340 M 340 M
Net Debt 2023 3 547 M 3 849 M 3 849 M
P/E ratio 2023 10,9x
Yield 2023 -
Capitalization 3 615 M 3 923 M 3 923 M
EV / Sales 2023 0,39x
EV / Sales 2024 0,35x
Nbr of Employees 56 204
Free-Float 66,6%
Chart TUI AG
Duration : Period :
TUI AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TUI AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus UNDERPERFORM
Number of Analysts 8
Last Close Price 2,03 €
Average target price 2,03 €
Spread / Average Target 0,18%
EPS Revisions
Managers and Directors
Sebastian Ebel Chairman-Executive Board
Mathias Kiep CFO & Group Director-Controlling
Dieter Zetsche Chairman-Supervisory Board
Nina Daniela Scherf Group Director-Legal, Compliance & Board Office
Edgar Ernst Member-Supervisory Board
Sector and Competitors