Shareholder representative Vladimir Lukin tendered his resignation on Thursday (3 March), Tui confirmed on Friday (4 March).
It follows that of oligarch Alexey Mordashov, who stood down from the group’s supervisory board earlier this week owing to EU sanctions placed on high-value Russian individuals owing to Russia’s invasion of Ukraine.
Mordashov was Tui’s largest single shareholder with a 34% stake and was hailed by Tui chief executive Fritz Joussen for "propping up" the business during the Covid crisis.
