Following the recommendation of the Nomination Committee, TUI AG’s Supervisory Board has proposed the following candidates as shareholder representatives for election by the Annual General Meeting on 9 February 2011.
- Anass Houir Alami – Director General Caisse de Dépot et de Gestion (DCG), Rabat/Morocco
- Prof. Dr Edgar Ernst – Consultant, Bonn/Germany
- Christiane Hölz – Lawyer, regional managing director for North Rhine Westphalia, Deutsche Schutzvereinigung für Wertpapierbesitz e.V., Düsseldorf/Germany
- Roberto López Abad – Director General Caja de Ahorros del Mediterráneo, Alicante/ Spain
- Prof. Dr Klaus Mangold – Chairman of the Supervisory Board of Rothschild GmbH, Frankfurt/Germany
- Mikhail Noskov – CFO Sever Group, Moscow/Russia
- Carmen Riu Güell – Co-owner of the RIU hotel group, Playa de Palma/ Spain
- Vladimir Yakushev – Managing partner S-Group Capital Management Ltd., Moscow/Russia
The list of candidates conforms with the German Corporate Governance Code, according to which the composition of the Supervisory Board has to reflect various aspects including comprehensive industry knowledge, international activities and diversity as well as an appropriate degree of female participation. The Supervisory Board in its current composition unanimously considers Prof. Dr Mangold as a suitable candidate as chairman of the Supervisory Board and welcomes his decision to stand as candidate. The Supervisory Board candidates include members such as Prof. Dr Edgar Ernst qualifying as an independent financial expert pursuant to section 100 (5) of the German Stock Corporate Act due to his long-standing professional experience.
Background: The term of office of all Supervisory Board members shall end upon the close of the Annual General Meeting on 9 February 2011; the new term of office shall start as of the same point in time. It will last until the fifth ordinary Annual General Meeting following the election (2016). The Annual General Meeting on 17 February of this year adopted a resolution according to which TUI AG’s Supervisory Board will consist of eight shareholder and employee representatives each in future (previous term of office 20 members). The election of the eight employee representatives to the Supervisory Board will take place in January 2011.
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