Retirement of Carmen Riu

RIU's CEO, Carmen Riu, has taken the decision to retire before the summer of this year, when she will leave her executive and institutional representation roles at RIU Hotels & Resorts. She currently shares her position with her brother Luis Riu, who will now continue as the company's sole CEO.

Moreover, Carmen Riu is now Chair of the Group's Governing Board in order to strengthen corporate governance. All members of the fourth generation of the Riu family have now also joined this body. This marks the beginning of generational handover at RIU Hotels, a process that will be led by the family through the Group's governing bodies.

Carmen Riu began her professional career at RIU in 1977 as manager of the hotel Riu Bali in Playa de Palma, Mallorca. Prior to that, she had worked in various hotel departments during her time as a trainee in the family business. In 1978, she took the reins of the human resources department, a responsibility that expanded to include administration and finance in 1981. To take on these new responsibilities, Carmen supplemented her bachelor's degree in economics and business studies from the Autonomous University of Barcelona with several postgraduate courses in family business and human resources management.

After the death of her father Luis Riu Bertrán, in 1998 she was appointed CEO alongside her brother Luis Riu Güell, forming a management tandem that has been responsible for the RIU Hotels & Resorts chain's international growth and consolidation over the last 25 years.

Nearing her 70th birthday, Carmen Riu has taken the decision to retire from the front line of business. She leaves the company at a good time for the tourism sector, having recovered from the worst crisis in its history caused by the COVID-19 pandemic. Her last major project was the launch of the Proudly Committed strategy to get RIU Hotels & Resorts ready to face the challenges of the future by placing sustainability at the heart of all the company's decisions.

About RIU Hotels & Resorts

The international RIU chain was founded in Mallorca by the Riu family in 1953 as a small holiday firm and is still owned by the family's third generation. The company specialises in holiday resorts and over 78% of its establishments offer its acclaimed All Inclusive by RIU service. With the inauguration of its first city hotel in 2010, RIU is expanding its range of products with its own line of city hotels called Riu Plaza. RIU Hotels & Resorts now has 97 hotels in 21 countries. In 2023, the chain welcomed 6,4 million guests and provided jobs for a total of 35,808 employees. RIU is currently the world's 36th ranked chain, one of the Caribbean's most popular, the largest in Spain in terms of revenue and the fourth largest in number of rooms.

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TUI AG published this content on 10 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2024 13:57:07 UTC.