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Director Appointments

TUI strengthens IT, technology and new markets

07 December 2016 14:33

TUI Group director strategy and member of the executive committee, Frank Rosenberger, has been appointed as member of the executive board with effect from 1 January.

He has been appointed for a three-year term of office, initially as deputy executive board member in the first year.

Rosenberger will assume responsibility for IT and New Markets.

TUI is seeking to enhance digitalisation and expand innovative technologies and business segments.

The company also faces increasing requirements associated with a highly efficient IT infrastructure and IT security. In order to reflect the critical importance of these areas, the Supervisory Board and Executive Board have created the new Executive Board role.

The new innovative growth areas include the online tourism platform LTE, through which TUI aims to tap new global customer groups and markets, including Spain, Portugal, Turkey or Brazil.

The development of the Asian market, where the Group recently entered into a cooperation scheme with Chinese online provider Alibaba's travel platform, is to additionally promote dynamic strategic and operative developments.

Rosenberger is an industrial engineer. Prior to joining TUI in autumn 2015, he had held group-wide responsibility for the global development of new business areas at Vodafone Group Plc.

The role of TUI group director strategy will be taken over by Henrik Homann (54), managing director OneAviation in charge of the activities of the Group's five leisure airlines. In assuming the new Group function, Homann will also join the group executive committee from 1 January.

Homann joined TUI Group in 1995. From 1999 to 2014, his roles had included CFO and HR Director as well as labour director for the group's subsidiary TUI Germany.

At 2:33pm: (LON:TUI) TUI AG share price was +13p at 1055p

Story provided by StockMarketWire.com

Related Company: TUI

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