TUI AG’s Supervisory Board has, at its meeting today, extended the contract of Dr Michael Frenzel (60) until 31 March 2012. The contracts of Chief Financial Officer Rainer Feuerhake (63) and Executive Board Member for Human Resources and Legal Affairs Dr Peter Engelen (51) were also renewed, until 31 March 2011 and 31 August 2013 respectively. In addition, Horst Baier (51) was appointed a full member of the Executive Board with immediate effect. His contract runs until 8 November 2010. Mr Baier is responsible for the Controlling division, which was headed by Christoph R. Mueller until the beginning of September.
Peter Long (55) will in future be the sole representative of the Tourism division on the TUI Executive Board. Peter Rothwell has stood down from the Executive Board with immediate effect. The Supervisory Board thanked Mr Rothwell, who will in the future be focusing on his responsibilities with TUI Travel PLC, for his services.
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