The TUI AG Supervisory Board has reappointed Fritz Joussen as CEO for a further five years.
His current contract has been extended to September 30 2025.
Joussen joined the TUI Executive Board in October 2012 and has been CEO of TUI Group since February 2013.
He led the merger and integration with TUI Travel in the UK.
TUI said the group is now developing new digital businesses and targeting new markets in Southeast Asia and South America with its digital strategy.
It said the transition to a digital company will be accelerated over the next few years.
"Today’s TUI is not the TUI of five years ago," said a statement.
Supervisory Board chairman, Dr Dieter Zetsche, added: "The transformation into a digital and platform organisation is associated with enormous opportunities and will strengthen our long-term position. We are delighted to have the opportunity to work with Fritz Joussen as our CEO for another five years."
