tui ag-di (TUIFF) Key Developments
TUI AG Appoints Frank Rosenberger as New Head of Strategy
Oct 5 15
TUI AG has appointed Frank Rosenberger as new head of strategy. In that function he will also be a member of the Group Executive Committee of the TUI Group. The 47-year-old will move to Hanover from his current position at the Vodafone Group, where he served as Group Technology Products and Services Director since 2011. In that function he had been in charge of the international development of new business opportunities like building mobile payment platforms or cloud and security solutions. Frank Rosenberger has served the British telecommunications group and, previously, Mannesmann, for more than 20 years. From 2006 to 2011 he was Managing Director at Vodafone Germany, in charge of the entire retail business.
TUI AG Presents at Citi UK Small and Mid-Cap Conference 2015, Sep-24-2015
Sep 23 15
TUI AG Presents at Citi UK Small and Mid-Cap Conference 2015, Sep-24-2015 . Venue: Stirling Square, 5-7 Carlton Gardens, London SW1Y 5AD, United Kingdom. Speakers: Sarah Coomes, Head of Investor Relations for UK, Ireland and Americas.
TUI AG Provides Earnings Guidance for the Year Ending September 30, 2015
Sep 23 15
TUI AG provided earnings guidance for the year ending September 30, 2015. For the year, the company announced that underlying EBITA expected to grow, driven by improved occupancy rates and yield, in spite of the impact of the events in Tunisia in June. Based on current trading, the company remain confident of delivering full year underlying operating profit growth of 12.5% to 15% this year.
TUI AG Announces Management Changes
Sep 23 15
At its meeting on September 23, 2015 the Supervisory Board of TUI AG discussed the composition of the Supervisory Board for the period following the 2016 annual general meeting and decided on important recommendations to the shareholders concerning the future management structure of the Supervisory Board. The move by Peter Long from joint CEO to the head of the Supervisory Board in 2016, initially envisaged in connection with the merger between TUI Travel Plc and TUI AG, will not take place at the 2016 annual General Meeting. This is mainly due to the decision to follow, as far as possible, the recommendations of the German Corporate Governance Code and the UK Corporate Governance Code. As his term of office will expire, Prof. Christian Strenger is scheduled to leave with effect from the end of the 2016 annual general meeting. Timothy Martin Powell will also leave the supervisory board due to the expiry of his term of office. Fritz Joussen will become the sole Executive Board Chairman of TUI AG, as planned, with effect from the end of the annual general meeting in February 2016.
TUI AG Considers Spinning Off Non- Core Brands
Aug 17 15
According to an understanding by The Times, TUI AG (XTRA:TUI1) could seek a separate listing for its non-mainstream operations, including brands such as Hotelbeds, S.L.U., Crystal Ski Holidays and Hayes & Jarvis (Travel) Ltd, while retaining a stake.