TUI Supervisory Board Announces New Chairman

Dieter Zetsche will take up his position as chairman of the supervisory board of TUI on October 1, 2018.

TUI has appointed Dr Dieter Zetsche as chairman of its Supervisory Board, who will take up his position on October 1, 2018. Zetsche is currently chairman of the executive board of Daimler AG.

According to an announcement, TUI AG recently decided to approve the nomination of Zetsche as a new member of its Supervisory Board to the TUI Annual General Meeting on 13 February 2018. Zetsche is to succeed Klaus Mangold, who intends to end his term at the end of the 2018 financial year.

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Mangold has been a member of the TUI supervisory board since 2009 and its chairman since 2011. He was most recently elected at the 2016 annual general meeting for a five-year term.”With Zetsche, we are gaining the services of a highly-regarded top manager. He embodies internationality and a strong feeling for the management of outstanding brands,” Mangold said.

“TUI is well-positioned. The company is economically healthy and is today the leading tourism group worldwide. Furthermore, the integration of the former British tourism subsidiary has been completed,” he added.

Dieter Zetsche was born in 1953 in Istanbul. He studied electrical engineering, graduated from the University of Karlsruhe and was later awarded his doctorate from the University of Paderborn. In 1976, he joined the research department of the former Daimler-Benz AG.

Since December 1998, Dr Zetsche has been a member of the group executive board and, since January, 1, 2006, chairman of the executive board of Daimler AG. He is also heading the Mercedes-Benz Cars business unit.