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TMCNet:  Peter Meier is the new CEO of Kuoni Group

[March 17, 2014]

Peter Meier is the new CEO of Kuoni Group

(Tensid Regulatory Via Acquire Media NewsEdge) INFORMATION Zurich, 17 March 2014 Peter Meier is the new CEO of Kuoni Group Thomas Peyer appointed as new CFO, Jens Güthoff as new CIO The Board of Directors of Kuoni Travel Holding Ltd. has appointed Peter Meier (48) as the new Chief Executive Officer (CEO) of Kuoni Group. Peter Meier became Chief Financial Officer (CFO) and Member of the Group Executive Board at the end of 2010. He has led the company as interim CEO since June 2013. The Board of Directors has appointed Thomas Peyer, previously CFO of the Global Travel Services (GTS) Division, as the new CFO. Both begin their new roles with immediate effect. This completes Kuoni's Group Executive Board. In addition, Jens Güthoff has been newly appointed to the position of Chief Information Officer (CIO).


Henning Boysen, Chairman of the Board of Directors of Kuoni Group, says the following about the choice of Peter Meier as Kuoni's new CEO: "In recent years, Peter Meier, with his great expertise and experience, has contributed immensely to Kuoni Group's successful transformation, and since last June has led the company convincingly and successfully as interim CEO. I am very pleased that Peter Meier has decided to accept the Board's offer and take over the role of CEO permanently." The Board of Directors has appointed Thomas Peyer (42), formerly CFO of the Global Travel Services Division, to be Peter Meier's successor as Chief Financial Officer of Kuoni Group. He has worked for Kuoni since 1999 in various management functions within the finance area, and since 2011 has been CFO of the GTS Division. Thomas Peyer graduated in economics and business administration from the University of Applied Sciences, Zurich.

With these two appointments, Kuoni's Group Executive Board is complete once again. As from 17 March 2014 it comprises the following members: Peter Meier CEO, Thomas Peyer CFO, Rolf Schafroth Executive Vice-President Global Travel Services Division, Stefan Leser Executive Vice-President Outbound & Specialists Division, Zubin Karkaria Executive Vice-President VFS Global Division.

Meanwhile, the Group Executive Board has appointed Jens Güthoff (46) as the new Chief Information Officer (CIO). Jens Güthoff, a German citizen, worked for media company Axel Springer from 2001, and from 2009 as CIO. As from 17 March 2014 he has responsibility for developing and implementing Kuoni's medium and long-term IT strategy; he reports directly to CEO Peter Meier.

NB: Tomorrow, Tuesday 18 March 2014, Kuoni Group publishes its results for the 2013 financial year. CEO Peter Meier is presenting the results and will be available for interview during the media and analysts' conference on the results.

About Kuoni Group Kuoni Group(Zurich Stock Exchange SIX: KUNN) is a global travel-related service provider with leading positions in its areas of activity and sustainable growth prospects. Kuoni Group generated turnover of CHF 5.8 billion in the 2012 financial year and employed 12 090 people (FTE) at the end of 2012.

Kuoni Group is engaged in three main activities:Destination & Accommodation Services, Tour Operating and Visa Processing Services.

Destination & Accommodation Servicesinvolve procurement and supply of services as a specialised wholesaler and supplier. As a wholesaler Kuoni Group provides a broad selection of self-contracted and availability-secured hotel accommodation and land components to online & offline travel agencies, tour operators, and aggregators via its efficient, worldwide, online distribution system. In addition Kuoni Group provides a specialised comprehensive portfolio of travel services at selected key destinations to online & offline travel agencies and tour operators handling their group and individual traveller clients, with its dedicated employees on site.

Tour Operatingactivities focus on outbound leisure travel from European and Asian source markets and offer a variety of tailor-made, individual and packaged holidays to end consumers and online & offline travel agencies.

Visa Processing Servicesleverage their expertise and scale as the world's largest outsourcing and technology services specialist for diplomatic missions and governments worldwide that outsource the non-judgemental, administrative parts of the visa application, and other consular processes.

Information Peter Meier CEO Kuoni Group (English)Information Peter Meier CEO Kuoni Group (Deutsch) ProviderChannelContactTensid Ltd., Switzerland www.tensid.chnewsbox.ch www.newsbox.chProvider/Channel related enquiries marco@tensid.ch +41 41 763 00 50 (c) 2014 Tensid Ltd., Switzerland.

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