Closer together

Berlin. The new Kempinski CEO Martin Smura is committed to a rapid expansion of the group. He stressed this recently in speeches in Budapest and Berlin. By the end of 2020, the portfolio is already set to expand to take in a further ten hotels.

Geneva. Markus Semer's successor as Chief Executive Officer at the Kempinski Group is Martin Smura. This was confirmed by the luxury hotel group today; he will take over on July 1. 2019. The group will then be headed by a quite unknown person, who already made the headlines before this official company relesae and whose well-intentioned friends have just done him a disservice in the media. In the last few years, the German Martin Smura mainly worked as member of the supervisory board and promoted his own small hotel group. He has no experience as an executive on the corporate level. CFO Colin Lubbe is leaving together with Semer, as reported. A successor for him was not named today. Bernold Schroeder will remain in his functions on the Management Board and the Board of Directors.

Geneva. Kempinski AG, Munich, and Kempinski Hotels SA, Geneva, have announced last Wednesday that Markus Semer will not extend his mandate as Chief Executive Officer. At the same time, Colin Lubbe resigns as Chief Financial Officer and Vice Chairman at Kempinski AG. Currently, there are no successors for either one of them. This is surprising as well as incomprehensible news.