3rd Jun 2015 06:10
LONDON (Alliance News) - TUI Group joint Chief Executive Peter Long is set to become chairman of the travel and cruise operator and the chairman of Royal Mail PLC after the postal operator said he will succeed Donald Brydon as its chair on September 1.
In a statement, Royal Mail said Long will join its board as a non-executive director and chairman designate on June 18, and will stand for election at its annual general meeting on July 23. He will then succeed current chairman Brydon at the start of September.
TUI Group separately said Long will remain as its co-chief executive until its own AGM in February 2016, at which point he will become chairman of TUI Ag's supervisory board. Fritz Joussen will be appointed TUI's sole chief executive.
"Royal Mail is one of the most recognised companies in the United Kingdom and I am delighted to be both joining the board and taking over as chairman in September. I look forward to working with Moya Greene and her management team as the group - with a clear focus on its customers - continues its transformation programme, delivers on its strategic objectives and generates long-term sustainable shareholder value," Long said.
"Peter Long brings with him a proven track record in transforming the fortunes of large and complex companies and I look forward to working with him. Donald Brydon has led our board through a period of tremendous change at Royal Mail and we are all most grateful for his wisdom and counsel during this key time for our company," said Greene.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2015 Alliance News Limited. All Rights Reserved.
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