Industry Update
Appointment14 December 2020

Bernold Schroeder

Appointed Chairman of the Management Board and Chief Executive Officer ad interim
At Kempinski Hotels S.A. in Geneva, Switzerland

Bernold Schroeder

Europe's oldest luxury hotel group Kempinski Hotels announces today the appointment of Bernold Schroeder as Chairman of the Management Board and Chief Executive Officer ad interim, effective immediately. The news follows the decision of the Kempinski Supervisory Board to part ways with former Chief Executive Officer Martin R. Smura.

In his new tenure, Mr. Schroeder will seek additional opportunities to achieve improved profitability, sustainable company performance and growth in the long run. Together with the Members of the Management Board, he will enhance the company's strategy to deliver the brand promise to Kempinski guests, owners and employees and propel the company to further success.

With this news, the Supervisory Board also reaffirms its long-term commitment to strengthening Kempinski positioning as an independent international hotel luxury brand as well as strong and trusted business partner. The company is now well positioned to consolidate its strategy, and to pursue its long-term growth plans through new routes, always putting Kempinski core values of trust, business ethics and integrity at the forefront.

Kempinski Hotels S.A.

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.
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