The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
TUI AG’s finance chief will leave at year-end in a setback for the struggling tour operator as it works on plans to raise more cash.
Chief Financial Officer Birgit Conix told the company she won’t extend her contract, TUI said. Sebastian Ebel, who is already a member of the executive board, will take over on January 1, according to a statement.
Conix, 55, played a key role in maintaining liquidity at the company, which has been hard-hit by the coronavirus crisis.