Karl Markgraf becomes new FTI Group CEO

Karl Markgraf becomes new FTI Group CEO

Markgraf will take up this position in addition to his current role as CIO

Europe's third-largest tour operator have announced Karl Markgraf as the new CEO from 1 July 2023.

He will become managing director, take over the position of CEO of the group and retain his position as CIO, leading the group in a dual function. 

Markgraf's main task in his new role will be to drive the digital transformation of the group, though he has been responsible the overhaul of the digital landscape of the FTI GROUP as CIO since July 2022. 

Naguib S. Sawiris, newly appointed chairman of the FTI Group Supervisory board, said: "As a globally active, data-driven company, digital transformation is crucial to our success. 

“Karl's extensive experience in IT and digitalisation makes him the ideal person to lead our company into the future and ensure the effectiveness of ongoing change initiatives. 

“His dual role as CEO and CIO will be instrumental in accelerating our ambitious transformation efforts. 

“I extend my warm congratulations to Karl Markgraf on his appointment and wish him every success in this new task." 

Markgraf has been responsible for overhauling the digital landscape of the FTI GROUP as CIO since July 2022. 

He's previously held positions for the software company TeamViewer, including CIO and COO, as well as twenty years at the E.ON Group before that, in various management roles.

The company will undergo a reshape to their Supervisory Board, with Wolfgang Altmüller and Dr Florian Amereller leaving.

Naguib S. Sawiris, controlling shareholder of the FTI GROUP, will take over the Chairman role and Ralph Schiller, the former CEO of the FTI GROUP, will take over a new role as Deputy Chairman.

The previous employee member of the board, Katrin Kretschmer, will be replaced by a newly elected individual in mid-2023. 

Sawiris said: "We would like to take this opportunity to express our gratitude to the outgoing members of the council, in particular the previous Chairman Wolfgang Altmüller.”