Corporate Governance

In the period under review, the composition of the boards of TUI AG changed as follows:

When Dr Jürgen Krumnow resigned from his Supervisory Board mandate on 14 December 2009, the court had to appoint a new member in replacement. By resolution of 7 January 2010, the district court of Hanover granted the application by the Executive Board of 14 December 2009 and appointed Prof. Dr Klaus Mangold as a member of the Supervisory Board of TUI AG. At the same time, the court rejected the motion by Monteray Enterprises Ltd., attributable to John Fredriksen, of 4 December 2009 to appoint Tor Olav Trøim. The Annual General Meeting of TUI AG on 17 February 2010 confirmed the appointment of Prof. Dr Mangold.

Rainer Feuerhake, CFO of TUI AG, resigned from his mandate as of the close of the Annual General Meeting on 17 February 2010, having reached retirement age. Since the retirement of Rainer Feuerhake, Horst Baier, previously Board member Controlling, has also been in charge of Finance.
 
The current, complete composition of the Executive Board and Supervisory Board is listed on the Company’s website (www.tui-group.com), where it has been made permanently available to the public.