Industry Update
Appointment 4 May 2020

Dr. Timo Gruenert

Named Chief Executive Officer
At Oetker Hotel Management GmbH in Baden-Baden, Germany

Dr. Timo Gruenert

Timo Gruenert, formerly co-managing director and CFO, has become the new CEO of German hotel firm Oetker Collection, succeeding Frank Marrenbach, who resigned at the end of February.

Oetker Collection introduces its new Chief Executive Officer, Dr. Timo Gruenert. Dr. Gruenert will take over leadership of the company on May 1st, 2020, succeeding Mr. Frank Marrenbach.

Dr. Gruenert began his career with the Oetker Group as Assistant to the Managing Partner in 2005 after receiving his PhD from University of Giessen with a thesis on Mergers & Acquisitions in corporate crisis. In 2009, Dr. Gruenert co-led the founding of Oetker Collection and has served as Co-Managing Director and Chief Financial Officer ever since. Over the past eleven years, Dr. Gruenert has overseen the steady growth of Oetker Collection's hotel portfolio from four Masterpiece Hotels in 2009, to nine in 2020.

Oetker Hotel Management GmbH

The Oetker Collection is the most inspiring selection of masterpiece hotels in the world. Each property is one-of-a- kind, reflecting the unique European heritage. In the next decade we foresee up to 15 individual places with soul, carefully nurtured by fine hoteliers who create a strong sense of belonging for our guests.
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Recent Appointments at Oetker

Simon Neggers - Senior Vice President of Sales, Marketing and Communications

2 September 2020 — Oetker Collection is pleased to announce that Mr. Simon Neggers will join its executive leadership team as Senior Vice President of Sales, Marketing and Communications as of September 7th, 2020. In his new role, Mr.
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Simon Neggers - Senior Vice President Sales, Marketing and Communications

1 September 2020 — Oetker Collection is pleased to announce that Mr. Simon Neggers will join its executive leadership team as Senior Vice President of Sales, Marketing and Communications as of September 7th, 2020. In his new role, Mr.
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Dr. Timo Gruenert - CEO of Oetker Collection

6 March 2020 — On May 1st 2020, Mr. Marrenbach will pass his responsibility as CEO of Oetker Collection to Dr. Timo Gruenert, who has served as the company's CFO and CoManaging Director since 2009. Dr. Gruenert started his career as Assistant to the Managing Partner of Dr.
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