Following TUI AG's AGM today, Michael Frenzel has announced his intention to resign as Chairman as early as the next TUI Travel Board meeting scheduled for 25 March 2013. TUI AG has proposed that the position will be filled by Friedrich Joussen, the new Chief Executive Officer of TUI AG who was appointed as a Non-Executive Director of the Company on 8 February 2013.
The Company confirms that there are no further matters requiring disclosure in relation to paragraphs 9.6.13 (1) to (6) of the Listing Rules of the UK Listing Authority.
Lesley Allan, Corporate Communications Director
Tel: +44 (0) 1293 645 774
Mike Ward, Corporate Communications Manager
Tel: +44 (0) 1293 645 776