Business · Companies · 2 hrs ago
Corendon to separate its travel, airline and hotel businesses
Corendon is reorganising its three business areas: its tour operator, Dutch airline and hotels.
Gunay Uslu will step down as CEO, but she will stay with the company.
The change follows a review of how to organise the businesses, which have different ways of setting prices and managing risk.
Each business is expected to operate more independently, while continuing to work with the others.
Corendon is seeking a new CEO for its tour operator, and Uslu will remain in that role until a successor starts.
Uslu will then advise the group on cooperation between the three businesses.
The company is aiming to complete the reorganisation by 1 April 2027, though it says that date is flexible.
Corendon is separating its tour operator, Dutch airline and hotel businesses so they can operate more independently.
Gunay Uslu is stepping down as CEO, but will remain with the company as a group adviser after a successor is found.
Uslu will stay responsible as a board member during the transition and remain CEO of the tour operator until a replacement starts.
The company is aiming to complete the separation by 1 April 2027, but says this is a target rather than a firm deadline.
Uslu said the businesses have different business models but will continue to work closely together.
- Who
- Corendon and its CEO, Gunay Uslu.
- What
- Corendon is separating its tour operator, Dutch airline and hotel businesses. Uslu is stepping down as CEO but will remain with the company.
- When
- The process began last year, and Corendon is aiming to complete it by 1 April 2027.
- Where
- Not stated.
- Why
- The businesses have different operating models and need separate management, while continuing to cooperate.
This story does not have two clearly opposing sides.
Corendon began examining how best to organise its different business units.
The company received a positive advisory opinion from its works council and started the separation process.
Corendon announced Uslu’s departure as CEO and the planned separation of its businesses.
Corendon’s target date for completing the separation.
- Business units
- Tour operator, Dutch airline and hotels
- CEO
- Gunay Uslu
- Successor
- No new tour operator CEO had been appointed at the time of the interview.
- Target date
- 1 April 2027
- Uslu’s future role
- Group adviser focusing on cooperation between the tour operator, airline and hotels
3 sources
What people are saying
I will keep getting involved in all kinds of things
We are aiming for 1 April 2027.
They are two completely different fields.