Fritz Joussen has been re-appointed as chief executive of Tui ahead of an accelerated digital transformation.
His re-appointment runs until September 30, 2025, Europe’s largest travel group announced.
Joussen’s corresponding service contract has been prolonged until the end of his appointment.
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“The re-appointment and the prolongation of the service contract do not result in any change of Mr Joussen’s role, functionand/or responsibilities,” the company said in a statement to the London Stock Exchange.
Tui supervisory board chairman Dieter Zetsche said: “Tui’s transformation into a digital and platform organisation 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.”
He added: “Tui is in excellent shape, delivering good margins and driving growth with a clear digital strategy.
“The transformation into a digital and platform organisation is associated with enormous opportunities and will strengthen our long-term position.”
The group is developing new digital businesses and targeting new markets in south-east 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,” the company said.
Joussen joined the executive board of Tui AG in 2012 and was appointed chief executive the following year.
He also was non-executive chairman of Tui Travel until its integration into the group at the end of 2014.
Joussen previously headed Vodafone Germany for seven years.
More: Tui gains ‘unprecedented number’ of UK Thomas Cook customers
Tui to close 34 stores over next 12 months
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