Colin Lubbe to step down as CFO and Vice Chairman of Kempinski Hotels
Geneva, 13 March 2019 – Kempinski AG, Munich and Kempinski Hotels SA, Geneva announced today that following Markus Semer’s decision to leave Kempinski for a new assignment as of next year, Colin Lubbe will not prolong his mandate as CFO and Vice Chairman of the Management Board. Colin Lubbe has been asked and has accepted to extend his mandate until a CFO is recruited and appointed.
During Colin 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. Since his appointment ten years ago, Colin Lubbe has served as a Member of the Management Board of Kempinski AG and as a Director of the Board of Kempinski Hotels SA and has served for the last three years as Vice Chairman of the Management Board.
Chairman of Kempinski AG, H.E. Abdulla H. Saif: “On behalf of the Supervisory Board, I would like to sincerely thank Colin Lubbe for his contribution and dedication to the group and the Kempinski Brand over the last ten years in his role as CFO, having been in charge of Finance, IT and Technical & Pre-opening Services. We would also like to thank him for having accepted in the interest of the company to extend his mandate during this transition period, thus allowing the Board to recruit and appoint his successor in a transparent and coordinated manner. We wish him every success in his future endeavours.”
Colin Lubbe: “I am very proud to have contributed to increasing the company value substantially over the last three years for the Kempinski shareholders. We are closing the business year 2018 with having yet again exceeded our company’s profit targets and having fulfilled all strategic KPI’s and net portfolio growth objectives. I leave in place an exceptionally talented team who will continue to build on what we have achieved and have no doubt that they will continue to grow and excel, individually and for the company.”
Created in 1897, Kempinski Hotels is Europe’s oldest luxury hotel group. Kempinski’s rich heritage of impeccable personal service and superb hospitality is complemented by the exclusivity and individuality of its properties. Kempinski now manages a portfolio of 78 five-star hotels and residences in 34 countries and continues to add new properties in Europe, the Middle East, Africa and Asia. Each one reflects the strength and success of the Kempinski brand without losing sight of its heritage. The portfolio comprises historic landmark properties, award-winning urban lifestyle hotels, outstanding resorts, and prestigious residences. Each one is imbued with the quality guests have come to expect from Kempinski while embracing the cultural traditions of its location. Kempinski is a founding member of the Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands.
Peter Trampert • Corporate Communications Manager
Kempinski Hotels SA • 28, boulevard du Pont-d‘Arve • 1205 Geneva • Switzerland
Tel +41 22 809 5170