Fritz Joussen, CEO of TUI, hands over his position to Sebastian Ebel

Sebastian Ebel, currently the Chief Financial Officer, is to become CEO of TUI. After around ten years at the helm, Fritz Joussen will hand over his position as CEO of the tourism group at the end of September. He is exercising a right of resignation granted in connection with the conditions of the Corona stabilisation measures. He has informed the Chairman of the Supervisory Board, Dr Dieter Zetsche and the employees of the Group of his decision.

The Presiding Committee of the Supervisory Board will propose to the Supervisory Board of TUI AG to appoint Ebel as CEO, effective October 1, 2022. The Presiding Committee of the Supervisory Board will propose to the Supervisory Board the appointment for a period of three years.

Mathias Kiep, previously Group Director Controlling, Corporate Finance and Investor Relations, is to become the new Chief Financial Officer. The Presiding Committee of the Supervisory Board has also discussed this appointment and will propose it to the Supervisory Board with an appointment period of three years. Kiep has many years of capital market and transaction experience and has worked in investment banking at Lazard and BNP Paribas, among others.