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Lots of posts:
Janina Kugel
controls the Finnish crane manufacturer Konecranes, the pension insurance association of the German economy, and took on a number of senior advisor posts last year
Photo: Bernd von Jutrczenka / picture alliance / dpa
Former Siemens board member
Janina Kugel
joins the supervisory board of the badly ailing travel company Tui.
The 51-year-old will be standing for election by the Tui shareholders at the Annual General Meeting on March 21, according to the invitation to the meeting published on the Internet.
Kugel and
Jutta Dönges
, co-head of the German finance agency, are sent to the committee by the federal government after the state-owned economic stabilization fund (WSF) made a silent contribution to the rescue of the Tui at the beginning of the year.
For the former HR director, who left Siemens at the beginning of 2020 when her contract ended, Tui is the first mandate at a listed company in Germany.
Kugel has controlled the Finnish crane manufacturer Konecranes and the German Business Pension Insurance Association for a number of years and last year took on a number of senior advisor positions, for example at the Swedish equity fund EQT and the management consultancy Boston Consulting Group.
In addition, she should have moved up to the place of supervisory board chairman
Ulrich Lehner
(74)
this spring at Deutsche Telekom - also a federal investment
.
Since his desired successor, ex-BMW boss
Harald Krüger
(55), canceled, Lehner is still on for a year.
DPR boss Ernst is standing for re-election
With the post on
the Tui supervisory board led
by ex-Daimler boss
Dieter Zetsche
(67), Kugel accepts a delicate mandate.
Many saw the group as a restructuring case before the corona pandemic largely shut down travel operations.
At the beginning of January, the Tui shareholders approved a third rescue package worth 1.8 billion euros at an extraordinary general meeting, of which 1.25 billion euros were provided by the federal government.
Associated with this was a capital cut, a capital increase and an exchange right for the federal government to exchange silent contributions for a stake of up to 25 percent plus one share.
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Kugel and Dönges, who already represents the federal government on the boards of Commerzbank, Deutscher Pfandbriefbank and FMS Wertmanagement, are taking the place of Facebook manager
Angelika Gifford
and the former head of the British Tui Travel,
Peter de Long
.
Both will no longer run after the end of their term of office.
The Russian oligarch and Tui major shareholder
Alexej Mordaschow
(55) and the President of the German Accounting Audit Office,
Edgar Ernst
(69), are
standing for
re-election until 2024
.
Ernst had come under fire from his supervisory board mandates, including at Tui in the course of the Wirecard scandal, and is therefore retiring as the top accountant at the end of the year.
Ernst continues at Tui, even though he exceeded the standard retirement age of 68 years ago a good year ago.
Ernst, who is also chairman of the audit committee, has "in particular in-depth knowledge in the areas of accounting and auditing, which are particularly important for Tui AG in the current challenging situation," writes Tui.
