Kempinski Hotels’ CEO and CFO to step down

From left: Markus Semer and Colin Lubbe

Markus Semer, Kempinski Hotels’ chairman of the management board and CEO, and Colin Lubbe, Kempinski Hotels’ CFO and vice chairman, are both stepping down from their positions, the company revealed in a statement.

To ensure a continued successful management of the Kempinski Group, both men have accepted to extend their mandates during the transition until successors are found.

From left: Markus Semer and Colin Lubbe

Semer joined the company 16 years ago, and was deputy CEO for the past six years before becoming the chairman of the management board and CEO. Prior to this, Semer served for over 11 years as a member of the management board of Kempinski, and as a director of the board of Kempinski Hotels.

Semer will be leaving the hospitality group for a new assignment which begins in January 2020.

Upon Semer’s announcement to leave Kempinski, Lubbe will also not be prolonging his mandate as CFO and vice chairman of the management board.

Since his appointment 10 years ago, Lubbe has served as a member of the management board of Kempinski, and as a director of the board of Kempinski Hotels. For the last three years, Lubbe served as vice chairman of the management board.

Lubbe has also been in charge of finance, IT and technical & pre-opening services during this decade of service with the Kempinski brand.

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