Dufry Group announces new organizational structure

With the acquisition of The Nuance Group in 2014 and of World Duty Free Group in 2015, Dufry has more than doubled its turnover and its EBITDA, increased its presence into 17 additional countries and 836 new retail locations, while the number of employees grew from over 16,000 to over 31,000.

Dufry has therefore adjusted its organizational structure to reflect the strong growth and the increased geographic footprint. Also, the business operating model will be adapted to further improve the overall organizational efficiency to sustain further growth and value creation for the shareholders.

New Divisions following re-configuration of regions

Dufry’s new organizational structure will be consolidated into five geographic Divisions, which will be headed by Divisional CEOs, all reporting to the Group CEO:

• Division 1: Southern Europe and Africa
• Division 2: UK, Central and Eastern Europe
• Division 3: Asia, Middle East and Australia
• Division 4: Latin America
• Division 5: North America

The new divisions match key geographic regions and provide a well-balanced weight of the group operations, allowing each Divisional CEO to focus on a clearly defined area and to be close to the market with respect to customers and landlords.

Additions to the Group Executive Committee (GEC)

Dufry’s new Group structure will also be reflected in the Group Executive Committee, which will be extended to twelve persons with the appointment of five new members:

• Mr. Eugenio Andrades, DCEO UK, Central and Eastern Europe
• Mr. Pedro J. Castro Benitez, DCEO Division Southern Europe and Africa
• Mr. Andrea Belardini, DCEO Asia, Middle East and Australia
• Mr. Gustavo Magalhães Fagundes, General Manager Brazil and Bolivia
• Mr. Jordi Martin-Consuegra, Global Resources Director

The GEC will be comprised of the following members, effective 1 January 2016:
 

Julian Díaz, CEO of Dufry Group, commented: “The new Group structure is a key element in the further development of our company: We want to continue to grow profitably – by increasing our sales, foster gross and operational margins, while reducing net working capital requirements – and for this we need to adapt our structure and re-think the way we work after the two recent transformational acquisitions.

I would like to congratulate the newly appointed colleagues and to thank all executives and their teams for their outstanding contribution in the past years. Each of them has been a key player in the development of our company or of their former organizations and will continue to be in their new functions within Dufry Group. We are convinced that this reorganization will make Dufry even more effective in the marketplace and will strengthen our position as the leading and true travel retailer worldwide.

I thank in particular José Carlos Rosa, who is leaving the GEC, for his commitment and dedication for the Dufry Group. During his long-lasting permanence in the Group Executive Committee he strongly contributed to the successful development of the company and we are grateful that he continues to serve Dufry in Portugal.”

For further information please contact:

Renzo Radice

Corporate Communications & Investor Relations

Phone: +41 61 266 4419

renzo.radice@dufry.com