Chief executive TUI AG
Chairman of TUI Travel PLC
Dr Michael Frenzel was born in Leipzig on 2 March 1947. After matriculation, he studied law at Ruhr University in Bochum, and successfully completed his doctorate (Dr. jur.) whilst working at the University as a scientific assistant.
Frenzel joined the Westdeutsche Landesbank (WestLB), Düsseldorf in 1981, where he was promoted to various managerial positions: he became manager of the Industrial Holdings Department in 1983, and overall manager of WestLB's Equity Holdings Division in 1985 - including holdings in banking, leasing and real estate.
In 1988, he became a member of the Preussag AG executive board, being responsible for Trading and Logistics.
He was promoted to chairman of the executive board in January 1994. Under his leadership, the multi-business conglomerate Preussag was repositioned into Europe’s leading tourism Group within only a few years. One of the main milestones was the acquisition of a stake in Hapag-Lloyd in 1997. This was followed by the acquisition of leading tourism companies such as TUI/Hanover, Thomson Travel/London, and Nouvelles Frontières/Paris.
With effect from 20 April 1998 Frenzel was appointed Chairman of Hapag-Lloyd AG.
On 1 July 2002, the annual general meeting passed a resolution to change the name of Preussag AG to TUI AG.
On 3 September 2007 Frenzel was appointed Chairman of TUI Travel PLC.
Membership in Supervisory Boards required by law:
- AWD Holding AG
- AXA Konzern AG
- Hapag-Lloyd AG (Chairman)
- Hapag-Lloyd Holding AG (Chairman)
- TUIfly GmbH (Chairman)
- TUI Deutschland GmbH (Chairman)
- Volkswagen AG
Membership in comparable Boards of domestic and foreign companies:
- TUI China Travel Co. Ltd.
- TUI Travel PLC (Chairman)