Changes to Peter Long’s future role
TUI has ditched its proposal for joint CEO Peter Long to become chairman of the Supervisory Board next year.
Instead, Long will be elected as a supervisory board member at the 2016 AGM so that he will remain involved in the merger between TUI Travel in the UK and TUI AG.
The company said the move had been recommended ‘in view of the special accomplishments of Peter Long and the strong interest in his continued involvement in the implementation of the merger’.
It said the decision not to appoint him head of the Supervisory Board was made in order to follow as far as possible, the recommendations of the German and UK corporate governance codes, which suggest ‘a direct appointment of an executive board chairman to the chairmanship of the supervisory board not be carried out or only be carried out as an exception that has to be justified to the AGM’.
Long must be elected to the supervisory board on the basis of a proposal by TUI AG shareholders who hold 25% of the voting rights. Two of the largest shareholder groups have already given their support.
At the same time the supervisory board will propose that Prof. Dr. Klaus Mangold and Sir Mike Hodgkinson be re-elected as members and continue their roles as Supervisory Board Chairman and Deputy Chairman ‘for a reasonable period of time’.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Hands In, UATP join forces for airline multi-card payments
Suspension of all regional trains in Catalonia following two new rail accidents in Spain