Tui’s board has extended the contracts for its chief executive, Sebastian Ebel, and chief financial officer Mathias Kiep.
Their current contracts run until September 2025 and now their new appointments will run until September 2028.
Ebel became Tui chief executive on October 1, 2022, with Kiep succeeding him as CFO.
Tui said Ebel has focused the travel group’s transformation over the past two years “both strategically and operationally”.
“The repayment of all government funds from the pandemic programmes has been completed, management has been restructured and operations have been strengthened,” it said in a statement.
In June 2024, after nine years, the group ended its dual listing in the UK and Germany and has been on the Frankfurt Stock Exchange ever since.
Dr Dieter Zetsche, chair of the board, commented: “Tui has had two successful years. This has been reflected in turnover and earnings from quarter to quarter.
“The group has been able to overcome the consequences of the pandemic thanks to an enormous effort by the entire Tui team. Now the focus is purely on strong profitable growth.
“Travel is and will remain a global megatrend for the foreseeable future. The team around Sebastian Ebel is ideally positioned to lead Tui to further profitable growth.”
The announcement from Tui noted how the group is growing in existing markets with new products and new customers – and also plans to expand with new sales markets such as Spain, Portugal, Latin America and Eastern Europe.
Pictured from left: Ebel and Kiep.
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New Tui chief sets out plans for ‘significant and profitable growth’ [November 2022]