Michael Pracht has been appointed as Chief Financial Officer at Kempinski Hotels
Kempinski Hotels has appointed Michael Pracht as Chief Financial Officer and as Member of the Management Board as from 1 July 2019. As CFO, Michael will oversee the company's Finance and Technical Services on corporate, regional and hotel level. Michael will be replacing Colin Lubbe, who decided to step back from his mandate by 30 June 2019.
Michael will be the driving force behind securing the company's return on investment and identifying innovative solutions which will enhance performance in his areas of responsibility to ensure efficient decision-making processes across all Kempinski operations. Within the area of Technical Services Michael will oversee pre-opening and engineering, ensuring that services provided to properties throughout the product lifecycle generate a sustained return and protect these assets over the long term.
Michael is a seasoned and highly experienced executive bringing more than 35 years of finance and operations experience within the hospitality industry. Prior to joining Kempinski Hotels, he served as General Manager at HMS, a part of Maritim Hotel Group, where he was leading the finance and operations departments while also looking after the development of the company's international portfolio. Before, Michael held various senior management positions on corporate level, mainly within the finance and controlling areas, among others within Thomas Cook Group. Prior to this, he gained vast international experience when serving at various locations of Sheraton Hotel & Resorts during the first 13 years of his professional career.