Hanover, 13 February 2018

Dr Dieter Zetsche elected to TUI AG’s Supervisory Board

  • Succession arrangement for Professor Dr Klaus Mangold as Chairman of the Supervisory Board
  • Sir Michael Hodgkinson leaves supervisory body

At today’s 59th ordinary Annual General Meeting of TUI AG held in Hanover, Dr Dieter Zetsche was elected as a member of the Supervisory Board. At the same time, Sir Michael Hodgkinson, Deputy Chairman of the Supervisory Board, stepped down as at the close of the Annual General Meeting. Dr Dieter Zetsche was elected for a five-year term at 96.68 per cent of the votes. He is to succeed Professor Klaus Mangold as Chairman of the Supervisory Board in the medium term. Dr Zetsche has been CEO of Daimler AG since 1 January 2006.

Professor Klaus Mangold, Chairman of TUI AG’s Supervisory Board: “With Dr Zetsche, our Supervisory Board is gaining the services of an exceptional, highly recognised, international top manager. Dr Zetsche provides strong strategic competencies and a distinct sense for the management for outstanding brands. The Supervisory Board and Executive Board will benefit from his extensive experience in a complex corporate environment.”

Upon the close of the AGM, Sir Michael Hodgkinson, Deputy Chairman of the Supervisory Board, stepped down from his office. Professor Mangold: “The entire Supervisory Board thanks Sir Michael Hodgkinson for his enormous personal commitment and the consistently trusting and successful cooperation. Sir Mike played an instrumental role in the successful post-merger integration of TUI AG and TUI Travel plc and contributed to the transformation and development of the new TUI Group.” His successor as Deputy Chairman of the Supervisory Board will be Peter Long, Supervisory Board member since 2016 and Chairman of the Company’s Strategy Committee.

About TUI Group

TUI is the world’s leading tourism group operating in around 180 destinations worldwide. The company is domiciled in Germany. The TUI Group’s share is listed in the FTSE 100 index, the leading index of the London Stock Exchange and in the German open market. In financial year 2017, the TUI Group recorded turnover of €18.5bn and an operating result of €1.002bn. The Group employs 67,000 people in more than 100 countries. TUI offers its 20 million customers comprehensive services from a single source. It covers the entire touristic value chain under one roof. This comprises leading tour operator brands and 1,600 travel agencies in Europe, six airlines with around 150 modern medium and long-haul aircraft, more than 300 Group-owned hotels and resorts with premium brands such as RIU and Robinson. With cruise ships ranging from the MS Europa and MS Europa 2 luxury class vessels to the “Mein Schiff” fleet of TUI Cruises and the vessels of Marella Cruises in the UK, TUI is also strongly positioned in the growing cruise sector. Global responsibility for sustainable economic, ecological and social activity is a key feature of our corporate culture. TUI Care Foundation supports the positive impacts of tourism. It initiates projects creating opportunities for future generations and contribute to a positive development of the holiday destinations.

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