The joint chief executives of Tui Group enjoyed a total pay packet of more than €9.5 million in salary, bonuses and incentives this year.
Friedrich Joussen and Peter Long have served together in the top job, since Tui AG and Tui Travel merged last December.
Joussen’s pay packet for the year to September 30, 2015 increased from €3.9 million to €5 million with Long’s total remuneration at €4.5 million (last year he was paid £13.3 million by Tui Travel).
The pair also have millions of euros worth of outstanding share awards under Tui’s long-term incentive programme from previous years.
Other executive board members include: Horst Baier, Dave Burling and Sebastian Ebel. They received €2.7 million, €627,000 and €1.9 million respectively.
Long is step down early next year, leaving Joussen in sole control. He will then take up a position on the supervisory board.