TUI Group chief financial officer Horst Baier has left the company after 22 years, including 11 as an executive board member.
Colleagues paid tribute to him, with CEO Fritz Joussen: "It is in large measure due to Horst Baier that TUI is in great shape today. He has always been a valuable and reliable advisor and companion."
Supervisory board chairman Dr Klaus Mangold: "Horst Baier has been instrumental in enabling TUI to become world market leader in tourism."
Baier joined TUI Group GmbH in 1996 as head of finance and accounting.
In 2001, he was appointed managing director finance and administration at TUI Beteiligungsgesellschaft mbH and subsequently became head of accounting and reporting at TUI AG.
In November 2007, Baier was appointed as member of TUI AG’s executive board in charge of controlling. In February 2010, he became TUI AG’s CFO.
From September 2012 until the merger between TUI AG and TUI Travel PLC in December 2014, he additionally assumed the role of TUI AG HR director.
Since September 2012, he has also been a member of the board of trustees of TUI Foundation.
His successor has been named as Birgit Conix.
She has been a member of TUI AG’s executive board since July 15 and has been appointed as new CFO by the supervisory board.
