Michael Frenzel

Michael Frenzel (born 2 March 1947)[1] is a German business executive. He was the chief executive officer of TUI AG from 1994 to 2013.[2][3][4] Since 2018 he is a World Travel and Tourism Council ambassador.[5] He studied law and holds a doctorate.[6]

Michael Frenzel
Michael Frenzel in 2014
Born (1947-03-02) 2 March 1947
Leipzig, Germany
NationalityGerman
OccupationBusiness executive
Years active1981–2013
Known forCEO of TUI AG

Early life and education

Frenzel was born in Leipzig, at the time in Allied-occupied Germany, on 2 March 1947.[2][1] When aged nine, he escaped to West Germany with his father and lived in a refugee camp for three years.[2] He attended the Ruhr University Bochum, studying law.[6] He worked at the university as a scientific assistant, and graduated with a doctoral degree in law.[2]

Career

He joined Westdeutsche Landesbank in 1981,[2] in Düsseldorf.[1] He was promoted to manager of the Industrial Holdings Department in 1983.[1] And the Equity Holdings Division in 1985.[1] There he managed holdings in banking and real estate.[1]

In 1988 Frenzel joined Preussag AG as an executive responsible for trading and logistics.[2] He was promoted to the position of chief executive officer in January 1994.[2]

During his time as chief executive, Frenzel transformed the company from an industrial conglomerate into a travel services company.[3] He oversaw Preussag's acquisition of Hapag-Lloyd in 1997.[3] In 2000, he oversaw Preussag's £1.8 billion takeover of Thomson Travel.[7] The company also acquired the German tourism operator TUI in 1998 and the French firm Nouvelles Frontières.[2] After these acquisitions, Preussag was Europe's leading tourism operator.[1][2] In July 2002, Preussag was rebranded as TUI, short for Touristik Union International, the name of a subsidiary it had bought previously.[8]

Frenzel retired from TUI in February 2013, succeeded by Friedrich Joussen.[3] He became a World Travel and Tourism Council ambassador in 2018.[5]

He has served on the supervisory boards of several large German companies, including Volkswagen, Deutsche Bahn, and Norddeutsche Landesbank.[4][6] He is a member of the International Chamber of Commerce.[4]

Personal life

Frenzel lives outside Hanover. He and his wife Gabi have three children.[7]

References
  1. "Michael Frenzel – Crunchbase overview". crunchbase.com. Crunchbase Inc. Retrieved 17 October 2018.
  2. Davidson, Andrew (2009). 1000 CEOs. Dorling Kindersley Limited. p. 223. ISBN 9781405352727.
  3. Bryant, Chris (31 July 2012). "Tui to appoint new chief executive". Financial Times. Frankfurt: The Financial Times Limited. Retrieved 17 October 2018.
  4. Townsend, Abigail (27 March 2005). "Michael Frenzel: He wants to take you on holiday – but has no time to time to take one himself". The Independent. Retrieved 17 October 2018.
  5. Davies, Phil (28 June 2018). "WTTC selects industry leaders as ambassadors". travelweekly.co.uk. Travel Weekly. Retrieved 17 October 2018.
  6. "Executive Profile, Background – Michael Frenzel". www.bloomberg.com. Bloomberg. Retrieved 17 October 2018.
  7. Walters, Joanna (30 July 2000). "The holiday king who sent Cook's packing". the Guardian. Retrieved 17 October 2018.
  8. Calder, Simon (19 October 2017). "From Thomson Cruises to Marella: a strange tale of travel rebranding". The Independent. Retrieved 17 October 2018.
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