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==Corporate affairs== ===Governance=== The following people have served in key roles: {| class="wikitable" |+ !Time period !Chief Executive Officer (CEO) !Time period !Chairman of the Supervisory Board |- |2022- |[[Sebastian Ebel]] |2019- |[[Dieter Zetsche]]<ref name=":2">{{Cite web |title=Dr Dieter Zetsche to succeed Professor Klaus Mangold as Chairman of the Supervisory Board of TUI AG in 2018 |url=http://www.tuigroup.com/en-en/investors/news/2017/ir-news/20171212 |access-date=2023-10-02 |website=www.tuigroup.com |language=en}}</ref> |- |2013-2022 |[[Friedrich Joussen]] |2011-2019 |Klaus Mangold<ref name=":2" /> |- |2014-2016 |Peter Long (Co-CEO)<ref>{{Cite web |title=Change at the helm of TUI Group: Fritz Joussen becomes sole CEO of TUI Group / Peter Long, Joint CEO up to the AGM, becomes Supervisory Board member |url=http://www.tuigroup.com/en-en/media/press-releases/2016/change-at-the-helm-of-tui-group |access-date=2023-10-02 |website=www.tuigroup.com |language=en}}</ref> |2010-2011 |Dietmar Kuhnt<ref name=":3">{{Cite web |date=2009-10-28 |title=EANS-Adhoc: TUI AG / Change at the helm of the Supervisory Board |url=https://www.presseportal.de/en/pm/44027/1501200 |access-date=2023-10-02 |website=presseportal.de |language=de}}</ref> |- | | |2004-2010 |Jürgen Krumnow<ref name=":3" /> |} ===Shareholders=== The company's shares are listed on the Frankfurt Stock Exchange, the London Stock Exchange, as well as the Hanover Stock Exchange.<ref>{{Cite web |title=TUI Group listed in the Open Market of the Frankfurt Stock Exchange as of 1 April |url=http://www.tuigroup.com/en-en/media/press-releases/2015/20150401-open-market |access-date=2023-10-02 |website=www.tuigroup.com |language=en}}</ref> In spring 2007, the Norwegian shipowner and financial investor John Fredriksen acquired a 15.01% stake in TUI. At TUI's AGM in May 2008, Fredriksen demanded a split-up of the group and the dismissal of TUI CEO Michael Frenzel.<ref>{{Cite news |date=2008-03-14 |title=TUI shares soar on breakup news |language=en |work=Reuters |url=https://www.reuters.com/article/us-tui-idUSL1400260220080314 |access-date=2023-10-02}}</ref> At the AGM on 13 May 2009, Fredriksen demanded that Supervisory Board Chairman Jürgen Krumnow be voted out of office so that he could then join the Supervisory Board himself. However, these attempts were unsuccessful.<ref>{{Cite web |title=Activist investor fails to oust Tui chairman {{!}} Financial Times |url=https://www.ft.com/content/1db26672-1c2a-11dd-8bfc-000077b07658 |access-date=2023-10-02 |website=www.ft.com}}</ref> On 28 February 2014, Monteray Enterprises Ltd (John Fredriksen) notified TUI that its share of voting rights in TUI had fallen below the 3% thresholds on 24 February 2014.<ref>{{Cite web |title=Financial Statements TUI AG |url=https://www.tuigroup.com/damfiles/default/ir/29_geschaeftsbericht_2011_12/downloads/TUI_AG_2011-12_English-71358199f9a5889690ac6ef3d69ff50b.pdf |website=tuigroup.com}}</ref> Russian oligarch Alexei Mordashov joined TUI at the beginning of 2008. By July 2008, he had increased his stake to 15.03% and in March 2012 to 25.29%, and later to 34%.<ref>{{Cite web |title=TUI AG has been informed about changes in ownership of shareholder Unifirm Limited / Change in TUI's shareholder structure |url=http://www.tuigroup.com/en-en/investors/news/2022/ir-news/20220304 |access-date=2023-10-02 |website=www.tuigroup.com |language=en}}</ref> He was thus the largest single shareholder.<ref>{{Cite web |date=2022-03-01 |title=TUI Group's Largest Shareholder Hit With European Union Sanctions |url=https://finance.yahoo.com/news/tui-group-largest-shareholder-hit-031700315.html |access-date=2023-10-02 |website=Yahoo Finance |language=en-US}}</ref> Mordashov has been on the EU sanctions list since 28 February 2022 and, according to a corresponding voting rights notification, transferred control of most of his indirectly held shares to the Virgin Islands-based company Ondero Limited, controlled by Marina Mordashova, on that date. Due to an investigation by the Federal Ministry of Economics and Climate Protection regarding the transfer of the shares to Ondero Limited, the transfer is suspended.<ref>{{Cite web |title=TUI AG receives information about the owner of its shareholder Unifirm |url=http://www.tuigroup.com/en-en/media/press-releases/2022/2022-03-18-news-about-the-owner |access-date=2023-10-02 |website=www.tuigroup.com |language=en}}</ref> The shareholding in TUI AG therefore continues to be held (indirectly) by Mordashov. Due to the capital increase in spring 2023, in which Mordashov was not allowed to participate due to his sanction,<ref>{{Cite web |title=Capital Increase |url=http://www.tuigroup.com/en-en/investors/capital-increase-march-2023 |access-date=2023-10-02 |website=www.tuigroup.com |language=en}}</ref> his shareholding has meanwhile decreased significantly. According to the voting rights notifications of the German Federal Financial Supervisory Authority of 16 May 2023, 10.87% shares in TUI AG have been indirectly attributable to Mordashov since 19 April 2023, while Marina Mordashowa holds 0% in TUI AG.<ref>{{Cite web |title=Shareholder structure |url=http://www.tuigroup.com/en-en/investors/share/shareholder-structure |access-date=2023-10-02 |website=www.tuigroup.com |language=en}}</ref> In February 2024, the company decided to leave the [[London Stock Exchange]] retaining its listings on the Frankfurt Stock Exchange and the Hanover Stock Exchange.<ref>{{cite news|url=https://www.theguardian.com/business/2024/feb/13/tui-record-results-potential-london-exit-de-listing-lse-germany-shareholders-travel |title=Tui investors vote to leave London Stock Exchange amid record results|date=13 February 2024|newspaper=The Guardian|access-date=31 May 2024}}</ref> {| class="wikitable" |+Shareholder structure <small>(July 2023)</small> !Shareholder !Share |- |Institutional investors |57.8 % |- |Alexei Mordashov |10.9 % |- |Private investors |30.2 % |- |RIU S.A. (Familie Riu Güell) |1.1 % |} ===Business figures=== The key indicators of the TUI Group are (as at the financial year ending 30 September):<ref name=":0">{{Cite web |title=All TUI Annual Reports |url=https://www.tuigroup.com/en-en/investors/annual-reports |access-date=18 February 2023 |website=www.tuigroup.com}}</ref><ref>{{Cite web |title=TUI Fundamentalanalyse {{!}} KGV {{!}} Kennzahlen |url=https://www.boerse.de/fundamental-analyse/TUI-Aktie/DE000TUAG505 |access-date=2024-03-02 |website=boerse.de |language=de}}</ref> {| class="wikitable" style="text-align:center;" |+TUI Group Financial Information !Year !Revenue (€bn) !Net Profit (€m) !Number of employees |- |2016 |17.1 |910 |66,779 |- |2017 |18.5 |645 |66,577 |- |2018 |19.5 |733 |69,546 |- |2019 |18.9 |416 |71,473 |- |2020 |7.9 |–3,148 |48,330 |- |2021 |4.7 |–2,467 |50,584 |- |2022 |16.5 |–277 |61,091 |- |2023 |20.6 |306 |65,413 |- |2024 |23.2 |507 |66,845 |}
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