TUI Travel PLC Directorate Change (7337V)
17 Dezember 2013 - 12:00PM
UK Regulatory
TIDMTT.
RNS Number : 7337V
TUI Travel PLC
17 December 2013
17 December 2013
TUI TRAVEL PLC
("the Company" and/or "the Group")
Directorate Change
TUI Travel PLC confirms that Volker Böttcher, an Executive
Director, and Tony Campbell, a Non-Executive Director, have
notified the Board of Directors of their intention not to stand for
re-election at the Annual General Meeting in February 2014 and have
stood down from the Board as directors with effect from 16 December
2013.
Volker Böttcher is the Managing Director of the Group's German
Specialist Division and has been an executive member of the Board
since September 2007 where he has held a number of senior roles
including Managing Director of Central Europe. Volker has decided
that he will leave the business in December 2014 and will
transition his responsibilities over the next year. With his wealth
of tourism expertise, he will be considering a number of
opportunities in the field of academia.
Tony Campbell joined the Board when the Company was formed at
the time of the merger in 2007 - prior to that he was a
Non-Executive Director of First Choice Holidays PLC. His
contribution to the Board will be greatly missed particularly his
wealth of knowledge and experience in retailing and online
distribution.
The Company also announces that, at the forthcoming Annual
General Meeting of the Company to be held on 6 February 2014, two
new directors will be proposed for election to the Board as
Non-Executive Directors with effect from the day following the
Annual General Meeting: Valerie (Val) Gooding and Vladimir
Yakushev.
Val Gooding is the non-executive chairman of electronics company
Premier Farnell plc and has been appointed as a non-executive
director at Vodafone plc with effect from 1 February 2014. She left
her position as Chief Executive of BUPA, the UK's leading private
health company, in 2008. Over the previous 12 years with BUPA, she
transformed the business from a purely UK-based operation to a
major international Group with GBP5bn of revenues. Prior to joining
BUPA, Val spent many years with British Airways where she held a
number of senior roles including Head of Cabin Services, Head of
Marketing, Director Asia Pacific, and Director Business Units where
she was responsible for British Airways' retail shops, charter
airline, and tour operator businesses. She has served on the boards
of several companies, including most recently Standard Chartered
plc and J. Sainsbury plc.
Vladimir Yakushev is the Managing Partner of private equity
company S-Group Capital Management. With an MSc in Physics and
Technology, he started his commercial career with Mitsubishi and
Mars before joining management consultancy McKinsey & Company.
In 2003 he was appointed COO of Severstal Resources where he
managed the operations of the company, achieving significant growth
and profitability. In January 2007, Vladimir co-founded S-Group
Capital Management. Based in Moscow, S-Group is TUI Travel's joint
venture partner in Russia.
Commenting, Sir Michael Hodgkinson, Deputy Chairman and Senior
Independent Director, and Chairman of the Nomination Committee
said:
"I would like to thank both Volker and Tony for their
considerable contributions to the TUI Travel PLC Board. Their
wide-ranging experience - Volker's in tourism and Tony's in Retail
and the wider consumer leisure sector - has been of great value to
the TUI Travel Board since it was formed six years ago. We wish
Tony continued success for the future as we do Volker when he
leaves the Group at the end of next year."
"We are very pleased to be able to propose Val and Vladimir as
Non-Executive Directors. We will have secured two exceptional
replacements for Volker and Tony. They will both bring with them
enormous commercial expertise in international companies and will,
I am sure, contribute significantly to the Board in both a positive
and challenging way."
...........................................................
TUI Travel confirms that there is no further information
required to be disclosed under section 430(2B) of the Companies Act
2006 for Tony Campbell. The information required to be disclosed
under section 430(2B) for Volker Böttcher will be available on the
Company's website in due course.
In line with paragraph 9.6.13 (1) to (6) of the Listing Rules of
the UK Listing Authority, Val Gooding and Vladimir Yakushev hold
the following Directorships:
Val Gooding is Chairman of Premier Farnell plc, lead
non-executive director of the Home Office and a non-executive
director of the Lawn Tennis Association (but plans to step down
from the LTA at end of December 2013). She is a Trustee of Historic
Royal Palaces. She has been appointed as a non-executive director
of Vodafone plc with effect from 1 February 2014.
Vladimir Yakushev is Chairman of Metallurgical Commercial Bank,
Spectralus, Nano-optic Devices and sits on the Boards of Innolume
LTD, Centice and Fiberzone. He is a member of the Supervisory Board
of TUI AG.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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