Michael Frenzel


Friedrich Joussen future managing director of German tourism giant... News PhotoBusiness,Finance,Germany,Hanover,Horizontal,Lower Saxony,Managing Director,Meeting,Michael Frenzel,Portrait,Tourism,VitalityPhotographer Collection: DPA 2013 AFPFriedrich Joussen (L) future managing director of German tourism giant TUI and the outgoing managing director Michael Frenzel (R) pose during the company's gerneral meeting in Hanover,northern Germany, on February 13, 2013. TUI, which operates its business year from October to September, said in a statement it booked a net loss of 137 million euros ($184 million) in the three months to December, compared with a loss of 87.6 million euros a year earlier. AFP PHOTO / SEBASTIAN KAHNERT GERMANY OUT (Photo credit should read Sebastian Kahnert/AFP/Getty Images)