Kempinski AG, Munich and Kempinski Hotels SA, Geneva announced that Markus Semer will not extend his mandate as Chairman of the Management Board & CEO.
Since Semer joined the company 16 years ago, the portfolio grew from 23 hotels to 78 hotels under operation and 21 under development today with the latest landmark openings in Singapore, Dubai Palm, Muscat and Bali.
Chairman of Kempinski AG, H.E. Abdulla H. Saif: “On behalf of the Supervisory Board, I would like to sincerely thank Markus Semer for his invaluable involvement and dedication to the Kempinski Group over the last 16 years and over the last three years as CEO for having successfully repositioned and succeeded in making the company profitable by setting a financially sound strategy with an achieved sustainable net portfolio growth.”
During his time with Kempinski, Markus Semer has served for over 11 years as a Member of the Management Board of Kempinski AG and as a Director of the Board of Kempinski Hotels SA.
Talking about his move Markus Semer said, “I believe it is now the right time for me to begin a new chapter in my professional career and I am excited to start my new assignment in January 2020. In the meantime the Kempinski team and I will continue to deliver a beautiful performance for our hotel asset owners and guests alike in the traditional craftsmanship known as Kempinski.”
In addition, for the past six years he has served as Deputy CEO and subsequently as Chairman of the Management Board & CEO. Markus Semer is credited with having played an essential role in transitioning the brand from an interregional German hotel operator to an independent international luxury hotel management brand.
Semer was asked and has accepted to extend his mandate during the transition until a successor is recruited and appointed.