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

The TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the Prime Standard of the Frankfurt Stock Exchange, in the regulated market of the Lower Saxony Stock Exchange in Hanover and in the FTSE 250, an index of the London Stock Exchange. TUI Group offers its 19 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe's leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, five airlines with more than 130 modern medium- and long-haul aircraft and around 1,200 travel agencies. In addition to expanding its core business with hotels and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.

Global responsibility for sustainable economic, environmental and social action is at the heart of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards. In this way, it supports the development of vacation destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.

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Special AGM 2018 and Q1