The TUI Group has a history that goes back at least 100 years, getting its start as a German mining company called Preussag AG. Over the years, the company’s holdings evolved, and now the TUI Group is a leading travel, tourism, and leisure company that serves destinations worldwide. It’s a publicly traded company, meaning there is no one owner, but there are some key leadership roles you’ll want to keep in mind.
- Dieter Zetsche serves as chairman of the supervisory board.
- Sebastian Ebel serves as chief executive officer.
- Alexei Mordashov is the largest single shareholder as of March 2022.
When a company is public, there are no owners. Instead, all critical decisions must be approved by the board of directors. This includes annual budgets, project funding, and more. The CEO and other leaders within the company still play important roles in the company, driving the plan the board had previously approved.
What’s Included in the TUI Group
TUI has ownership stakes in different travel agencies, retail shops, cruise lines, and hotel agencies. They serve over 180 destinations throughout the world, connecting passengers with their final destinations, whether for leisure or for work.
It is headquartered in Hanover, Germany, and is part of the Frankfurt Stock Exchange and the London Stock Exchange. The company has transformed a lot since its modest beginnings. Today it owns the largest European holiday fleet, many of which are green, as TUI is committed to its corporate social responsibility efforts.