Michael Frenzel | |
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![]() Michael Frenzel in 2014 | |
Born | [ citation needed ] | 2 March 1947
Nationality | German |
Occupation | Business executive |
Years active | 1981–2013 |
Known for | CEO of TUI AG |
Michael Frenzel (born 2 March 1947)[ citation needed ] is a German business executive. He was the chief executive officer of TUI AG from 1994 to 2013. [1] [2] [3] Since 2018 he is a World Travel and Tourism Council ambassador. [4] He studied law and holds a doctorate. [5]
Frenzel was born in Leipzig, at the time in Allied-occupied Germany, on 2 March 1947. [1] When aged nine, he escaped to West Germany with his father and lived in a refugee camp for three years. [1] He attended the Ruhr University Bochum, studying law. [5] He worked at the university as a scientific assistant, and graduated with a doctoral degree in law. [1]
He joined Westdeutsche Landesbank in 1981. [1]
In 1988 Frenzel joined Preussag AG as an executive responsible for trading and logistics. [1] He was promoted to the position of chief executive officer in January 1994. [1]
During his time as chief executive, Frenzel transformed the company from an industrial conglomerate into a travel services company. [2] He oversaw Preussag's acquisition of Hapag-Lloyd in 1997. [2] In 2000, he oversaw Preussag's £1.8 billion takeover of Thomson Travel. [6] The company also acquired the German tourism operator TUI in 1998 and the French firm Nouvelles Frontières. [1] After these acquisitions, Preussag was Europe's leading tourism operator. [1] In July 2002, Preussag was rebranded as TUI, short for Touristik Union International, the name of a subsidiary it had bought previously. [7]
Frenzel retired from TUI in February 2013, succeeded by Friedrich Joussen. [2] He became a World Travel and Tourism Council ambassador in 2018. [4]
He has served on the supervisory boards of several large German companies, including Volkswagen, Deutsche Bahn, and Norddeutsche Landesbank. [3] [5] He is a member of the International Chamber of Commerce. [3]
Frenzel lives outside Hanover. He and his wife Gabi have three children. [6]
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