TUI Travel is advertising for a new head of mergers and acquisitions and offering a six-figure sum.

The vacancy is being handled by recruitment consultants Walker Hamill and has been advertised on the front cover of today’s Financial Times Appointments section.

The advert describes the position, which has become available due to internal promotion, as playing “a major role in executing the Group strategy” and adds whoever is given the job will oversee the company’s “high level of M&A activity”.

The deals expected are mostly bolt-on acquisitions valued between £5 million and £100 million while the mergers and acquisitions team of five staff members also manages disposals, joint ventures and other strategic initiatives.

The advert adds: “TUI Travel PLC is a leading FTSE 100 company and one of the most highly recognised and profitable travel businesses in the world.

“With revenues in excess of £12 billion, 48,000 employees and more than 30 million customers annually, it is truly a global player operating in over 180 countries with over 200 brands.

“Following the merger of TUI Tourism and First Choice Holidays in September 2007, TUI Travel PLC has highlighted a clear strategy to expand both organically and through the acquisition of niche and specialist travel businesses.”