Markus Semer to Step Down as Kempinski CEO Next Year
Kempinski Hotels has revealed Markus Semer will step down as chairman and chief executive of the company next year. He will stay on until a successor is recruited and appointed.
In a dramatic day for the hotel company, chief financial officer Colin Lubbe said he would also leave the company next year. Lubbe will again stay on until a replacement can be recruited.
Semer joined Kempinski 16 years ago and has seen the portfolio grow from 23 hotels to 78 hotels under operation and 21 under development today. He rose to the top job after chief executive Alejandro Bernabé stepped down in 2016.
Bernabé himself was appointed after former chief executive Reto Wittwer was forced to resign after claims by Kempinski that he had channelled £4 million out of the company. The charges were later dropped.
Semer is credited with having played an essential role in recovering from that difficult period and transitioning the brand from an interregional German hotel operator to an independent international luxury hotel management brand.
During Lubbe’s ten years with the company, the portfolio grew from 47 hotels to 78 hotels under operation and 21 under pre-opening and development with the latest landmark openings in Singapore, Dubai Palm, Muscat and Bali.