Supervisory Board Member of the Week: Janina Kugel (Tui)

tui

The German government is sending two top female managers to the supervisory board of travel group Tui: shareholders are to elect Janina Kugel and Jutta Dönges to the board at the annual general meeting on 25 March. For 51-year-old Kugel, who left the Siemens Executive Board in 2020, it would be the first supervisory board mandate at a listed German company. The human resources expert currently serves as a controller at Pensions-Sicherungs-Verein and Finnish crane manufacturer Konecranes.

Long and Gifford leave, Ernst and Mordashov remain

Janina Kugel was nominated for the Tui supervisory board in consultation with the state-owned Economic Stabilisation Fund (WSF), which had invested in the company with a silent partnership at the beginning of the year. Jutta Dönges, who works full-time as co-head of the German Finance Agency, also comes at the request of the federal government. The 47-year-old already sits on the supervisory boards of Commerzbank, Deutsche Pfandbriefbank and FMS Wertmanagement. Leaving the board for the two newcomers are vice chairman Peter Long and Facebook manager Angelika Gifford. In contrast, the shareholders are to elect Edgar Ernst (President of the German Financial Reporting Enforcement Panel) and major shareholder Alexey Mordashov for a further term of office. Dieter Zetsche remains chairman of the supervisory board.