TUI Management

Management criteria checks 3/4

TUI's CEO is Sebastian Ebel, appointed in Dec 2014, has a tenure of 9.33 years. total yearly compensation is €3.02M, comprised of 36.5% salary and 63.5% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth €429.86K. The average tenure of the management team and the board of directors is 1.5 years and 8.8 years respectively.

Key information

Sebastian Ebel

Chief executive officer

€3.0m

Total compensation

CEO salary percentage	36.5%
CEO tenure	9.3yrs
CEO ownership	0.01%
Management average tenure	1.5yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sebastian Ebel's remuneration changed compared to TUI's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€439m
Sep 30 2023	€3m	€1m	€306m
Jun 30 2023	n/a	n/a	€202m
Mar 31 2023	n/a	n/a	-€178m
Dec 31 2022	n/a	n/a	-€149m
Sep 30 2022	€962k	€680k	-€277m
Jun 30 2022	n/a	n/a	-€1b
Mar 31 2022	n/a	n/a	-€2b
Dec 31 2021	n/a	n/a	-€2b
Sep 30 2021	€969k	€680k	-€2b
Jun 30 2021	n/a	n/a	-€3b
Mar 31 2021	n/a	n/a	-€4b
Dec 31 2020	n/a	n/a	-€4b
Sep 30 2020	€950k	€646k	-€3b
Jun 30 2020	n/a	n/a	-€2b
Mar 31 2020	n/a	n/a	-€102m
Dec 31 2019	n/a	n/a	€427m
Sep 30 2019	€3m	€680k	€416m
Jun 30 2019	n/a	n/a	€550m
Mar 31 2019	n/a	n/a	€626m
Dec 31 2018	n/a	n/a	€658m
Sep 30 2018	€2m	€583k	€689m
Jun 30 2018	n/a	n/a	€776m
Mar 31 2018	n/a	n/a	€813m
Dec 31 2017	n/a	n/a	€794m
Sep 30 2017	€2m	€680k	€794m

Compensation vs Market: Sebastian's total compensation ($USD3.23M) is about average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Sebastian's compensation has been consistent with company performance over the past year.

CEO

Sebastian Ebel (59 yo)

9.3yrs

Tenure

€3,016,300

Compensation

Mr. Sebastian Ebel had been Chief Financial Officer of TUI AG since January 1, 2021 until October 1, 2022. He serves as Chairman of Executive Board and Chief Executive Officer at TUI AG since October 1, 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sebastian Ebel	CEO & Chairman of Executive Board	9.3yrs	€3.02m	0.013% € 429.9k
Frank Jakobi	Employee Representative Deputy Chairman of Supervisory Board & Group Works Council Chairman	no data	€288.00k	0.00021% € 7.2k
Mathias Kiep	Member of Executive Board & CFO	1.5yrs	€1.44m	0.00013% € 4.5k
Peter Krueger	Chief Strategy Officer	3.3yrs	€1.44m	0.030% € 1.0m
Sybille Reiss	Member of the Executive Board	2.8yrs	€1.44m	0.0022% € 74.7k
Wolfgang Flintermann	Group Director of Financial Accounting & Reporting and Employee Rep. Member of Supervisory Board	12.3yrs	€100.00k	0.00063% € 21.6k
Janina Kugel	Member of Supervisory Board & Senior Advisor	no data	€100.00k	no data
David Schelp	Member of Executive Board & CEO Markets & Airlines	less than a year	no data	no data
Pieter Jordaan	Chief Information Officer	1.3yrs	no data	no data
Nicola Gehrt	Group Director of Investor Relations	1.4yrs	no data	no data
Florian Lenser	Group Director of Legal	less than a year	no data	no data
Thomas Ellerbeck	Chief Sustainability Officer and Group Director of Corporate & External Affairs	no data	no data	no data

1.5yrs

Average Tenure

53yo

Average Age

Experienced Management: TUI1's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank Jakobi	Employee Representative Deputy Chairman of Supervisory Board & Group Works Council Chairman	16.7yrs	€288.00k	0.00021% € 7.2k
Wolfgang Flintermann	Group Director of Financial Accounting & Reporting and Employee Rep. Member of Supervisory Board	7.8yrs	€100.00k	0.00063% € 21.6k
Janina Kugel	Member of Supervisory Board & Senior Advisor	3.1yrs	€100.00k	no data
Dieter Zetsche	Independent Chairman of Supervisory Board	6.2yrs	€378.00k	0.0074% € 252.8k
Edgar Ernst	Independent Member of Supervisory Board	13.2yrs	€283.00k	no data
Coline McConville	Independent Member of Supervisory Board	9.3yrs	€100.00k	no data
Peter Bremme	Employee Representative Member of Supervisory Board	9.8yrs	€148.00k	no data
Andreas Barczewski	Employee Representative Member of Supervisory Board	17.9yrs	€120.00k	0.0029% € 97.6k
Maria Garana Corces	Member of Supervisory Board	4.2yrs	€99.00k	no data
Anette Strempel	Employee Representative Member of Supervisory Board	15.3yrs	€148.00k	0.00066% € 22.6k
Stefan Weinhofer	Employee Representative Member of Supervisory Board	8.2yrs	€150.00k	no data
Joan Riu	Member of Supervisory Board	5.2yrs	€100.00k	no data

8.8yrs

Average Tenure

56.5yo

Average Age

Experienced Board: TUI1's board of directors are considered experienced (8.8 years average tenure).

TUI Management

Management criteria checks 3/4

Key information

Recent management updates

TUI AG Appoints David Schelp as CEO Markets & Airlines of the Executive Board, Effective from 1 January 2024

TUI AG, Annual General Meeting, Feb 13, 2024

TUI AG, Annual General Meeting, Feb 14, 2023

TUI AG Appoints Sebastian Ebel as Chief Executive Officer, Effective 1 October 2022

TUI AG Announces Changes to the Executive Board

TUI AG Appoints Christian Baier as New Member of Supervisory Board

Recent updates

New minor risk - Share price stability

Investor sentiment improves as stock rises 18%

First quarter 2024 earnings released: €0.24 loss per share (vs €1.40 loss in 1Q 2023)

TUI AG to Report First Half, 2024 Results on May 15, 2024

New major risk - Shareholder dilution

Full year 2023 earnings: EPS and revenues exceed analyst expectations

TUI AG Appoints David Schelp as CEO Markets & Airlines of the Executive Board, Effective from 1 January 2024

New minor risk - Share price stability

Investor sentiment improves as stock rises 20%

TUI AG, Annual General Meeting, Feb 13, 2024

TUI AG to Report Fiscal Year 2023 Results on Dec 06, 2023

New major risk - Negative shareholders equity

Price target decreased by 8.4% to €12.47

Price target decreased by 11% to €15.78

Price target increased by 8.5% to €22.00

First quarter 2023 earnings released: €0.14 loss per share (vs €0.27 loss in 1Q 2022)

TUI AG to Report First Half, 2023 Results on May 10, 2023

Price target increased to €1.99

Full year 2022 earnings: EPS misses analyst expectations

Price target decreased to €1.76

TUI AG, Annual General Meeting, Feb 14, 2023

TUI AG to Report Q1, 2023 Results on Feb 14, 2023

TUI AG (XTRA:TUI1) announces an Equity Buyback for 398,901 shares, for €0.74 million.

Price target decreased to €2.15

Third quarter 2022 earnings released

TUI AG to Report Fiscal Year 2022 Results on Dec 14, 2022

TUI AG Appoints Sebastian Ebel as Chief Executive Officer, Effective 1 October 2022

TUI AG Announces Changes to the Executive Board

TUI AG Appoints Christian Baier as New Member of Supervisory Board

Price target decreased to €2.37

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TUI AG to Report Q3, 2022 Results on Aug 10, 2022

TUI AG Appoints Ms. Sonja Austermühle as New Member of Supervisory Board

TUI AG Announces Resignation of Vladimir Lukin, Member of the Company's Supervisory Board

TUI AG Announces Resignation of Alexey A. Mordashov from Supervisory Board

Price target increased to €2.68

TUI AG to Report First Half, 2022 Results on May 11, 2022

TUI AG Announces Board Changes

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to €2.64

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased to €2.59

Price target increased to €2.59

TUI AG (XTRA:TUI1) announces an Equity Buyback for 317,171 shares, for €1.46 million.

Price target decreased to €2.40

Third quarter 2021 earnings released

Price target decreased to €2.43

Chief HR & Labour Director and Member of the Executive Board Elke Eller has left the company

Price target increased to €2.83

Incorp Holdings B.V acquired Tenuta Di Castelfalfi Spa from TUI AG (XTRA:TUI1).

Second quarter 2021 earnings released: €0.66 loss per share (vs €1.25 loss in 2Q 2020)

Price target increased to €2.53

Independent Member of Supervisory Board has left the company

Second Deputy Chairman of Supervisory Board Peter Long has left the company

Employee Representative Member of Supervisory Board has left the company

Employee Representative Member of Supervisory Board has left the company

TUI AG (XTRA:TUI1) launched a buyout bid to acquire remaining 4.34% stake in Hoteli Zivogosce d.d. (ZGSE:HZVG) for HRK 1.8 million.

First quarter 2021 earnings released: €1.36 loss per share (vs €0.22 loss in 1Q 2020)

Price target lowered to €2.31

Earnings beat expectations, revenue disappoints

New 90-day low: €3.81

TUI AG has completed a Follow-on Equity Offering in the amount of €544.607031 million.

TUI AG to Report Fiscal Year 2021 Results on Dec 08, 2021

Price target lowered to €2.85

Full year 2020 earnings released: €5.34 loss per share

Revenue misses expectations

Price target lowered to €2.93

Elke Eller, A Member of TUI AG's Executive Board as the Human Resources and Labour Director, Not to Extend Her Office Expiring in October 2021

TUI AG to Report Fiscal Year 2020 Results on Dec 10, 2020