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Tui cancels Long's planned chairman move

Operators
TTG Staff
23 September 2015

Tui Group’s current join-chief executive Peter Long will no longer move to become chairman of the supervisory board, the company has said.

Peter Long and Friedrich Joussen, Tui Group

As part of the merger between Tui Travel and Tui AG, Long was slated to move upstairs with Friedrich Joussen becoming sole chief executive.

However, in a statement Tui said that Long will instead become just a member of the supervisory board.

Klaus Mangold the current chairman will remain in the role.

A spokesperson for Tui told TTG that the reason for the change of heart was corporate governance regulations in the UK and Germany.