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 the world's leading tourism group and operates worldwide. The Group is headquartered in Germany. The TUI share is listed on the FTSE 250, the leading index of the London Stock Exchange, and on the Regulated Unofficial Market in Germany.

The TUI Group offers integrated services from a single source for its 28 million customers, 21 million of whom are in the European national companies. The entire tourism value chain is represented under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 15 cruise ships, from the MS Europa and MS Europa 2 in the luxury class and expedition ships to the Mein Schiff fleet of TUI Cruises and cruise ships at Marella Cruises in England. The Group also includes Europe's leading tour operator brands and online marketing platforms, five airlines with more than 100 modern medium and long-haul aircraft and over 1,000 travel agencies. Besides the expansion of its core business with hotels, cruises via successful joint ventures and activities in holiday destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a digital company.

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

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