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Tui Travel Share News (TT.)
Share News for Tui Travel (TT.)
| Share Price: 371.80 | Bid: 371.30 | Ask: 371.60 | Change: 0.00 (0.00%) |  | ||||||
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UPDATE 1-TUI AG dismisses report on CEO succession
Thu, 24th May 2012 14:39
FRANKFURT, May 24 (Reuters) - German travel and tourism group TUI rejected on Thursday a repor
Manager Magazin had earlier reported that Edwin Eichler, head of Thyssen's materials division and CEO of its Steel Europe and Steel Americas units, would join TUI in the autumn before taking over from current CEO Michael Frenzel next February.
'While it is natural to begin the search for a successor in good time given the complexity of the tourism industry and the challenges facing TUI, there has been no decision as to the timing or the candidates,' TUI supervisory board head Klaus Mangold said in a statement.
Frenzel, whose contract runs until end-March 2014, has headed the company since 1994, transforming the then Preussag conglomerate via a series of acquisitions into TUI AG, which controls Europe's largest tour operator TUI Travel.
Eichler said he would fulfil his contract at the steelmaker, where he is due to stay until September 30, 2017, and was not available for other roles.
(Reporting by Victoria Bryan) Keywords: TUI CEO/
(victoria.bryan@thomsonreuters.com)(+49 69 7565 1235)(Reuters Messaging: victoria.bryan.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
FRANKFURT, May 24 (Reuters) - German travel and tourism group TUI rejected on Thursday a repor
t that an executive from steel group ThyssenKrupp was due to take over as chief executive officer from next year.
Manager Magazin had earlier reported that Edwin Eichler, head of Thyssen's materials division and CEO of its Steel Europe and Steel Americas units, would join TUI in the autumn before taking over from current CEO Michael Frenzel next February.
'While it is natural to begin the search for a successor in good time given the complexity of the tourism industry and the challenges facing TUI, there has been no decision as to the timing or the candidates,' TUI supervisory board head Klaus Mangold said in a statement.
Frenzel, whose contract runs until end-March 2014, has headed the company since 1994, transforming the then Preussag conglomerate via a series of acquisitions into TUI AG, which controls Europe's largest tour operator TUI Travel.
Eichler said he would fulfil his contract at the steelmaker, where he is due to stay until September 30, 2017, and was not available for other roles.
(Reporting by Victoria Bryan) Keywords: TUI CEO/
(victoria.bryan@thomsonreuters.com)(+49 69 7565 1235)(Reuters Messaging: victoria.bryan.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
UPDATE 2-Thomas Cook flags return to dividends after refinancing
* To raise 425 mln stg via rights issue and placing* Expects to raise 441 mln stg in bond issue* Agrees new 691 mln stg banking facility* H1 pretax lo[Thu 10:48]
UPDATE 2-TUI AG CEO shakes up group in drive for dividend
* Cuts costs at TUI AG headquarters in Hanover* Underperforming hotels, cruises to be restructured* Sees underlying EBITA of around 1 bln eur by 2014/[Wed 08:05]
TUI AG CEO says no plans for merger with TUI Travel
FRANKFURT, May 15 (Reuters) - TUI AG has no plans to merge with London-listed unit TUI Travel, the German company's chief executive said on Wednesday.[Wed 06:07]
TUI AG cuts costs in drive to pay out dividends
FRANKFURT, May 15 (Reuters) - German tourism group TUI AG will cut costs and align its hotels business more closely with that of unit TUI Travel as p[Wed 05:08]
UPDATE 1-TUI Travel sees strongest summer demand in six years
* Says 58 percent of summer holiday programme sold* Sees full-year profit rising by at least 10 percent* Posts first-half operating loss of 289 mln po[10 May '13]
TUI Travel says strong summer to drive 10 pct profit rise
LONDON, May 10 (Reuters) - TUI Travel, the world's largest tour operator, forecast a full year profit rise of at least 10 percent, driven by strong t[10 May '13]
UK's Thomson Airways to start Dreamliner flights in July
LONDON, April 30 (Reuters) - TUI Travel's Thomson Airways said it would start using its first Boeing Dreamliner on services from Britain to the Unite[30 Apr '13]
Irish firm eyes stake in UK aviation air traffic control
DUBLIN/LONDON, April 19 (Reuters) - Ireland's semi-state air traffic control operator said it had expressed an interest in buying a stake in its Briti[19 Apr '13]
