Michael Frenzel

CEO -- Preussag -- Germany

Plenty of executives could learn from Michael Frenzel: In just two years, the soft-spoken CEO of Germany's Preussag has transformed his steel and engineering company into Europe's biggest travel group. Preussag's fiscal 1999 profit rose 14.6%, to a record $314 million on sales of $15 billion, with tourism accounting for more than half the total and most of the growth.

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