Following his resignation from the Supervisory Board of Deutsche Bahn, former Tui boss Michael Frenzel sharply criticized the German government: “I think the party political decision to influence the composition and structure of the Supervisory Board is wrong”, said the 71-year-old in an interview with “Spiegel”. The company needs “a long-term entrepreneurial perspective beyond all party politics. However, this only works by means of corporate management – and not on a party-by- party basis.”
High political pressure on Frenzel & Co
In the coalition agreement, the CDU/CSU and the SPD had agreed to tighten the reins again and to appoint the long-time Secretary of State for Transport Michael Odenwald to succeed Utz-Hellmuth Felcht as Chairman of the Supervisory Board. According to Frenzel, the company representatives on the committee were also “permanently pressed to make room for further members of the CDU/CSU parliament”. Former RWE boss Jürgen Großmann will therefore also resign his mandate according to media reports. A few months ago, Felcht also sharply criticized the influence of politics when he left the Supervisory Board.