Kempinski Hotels reveals new chief financial officer
With more than 35 years’ experience, Michael Pracht, joins the group
Kempinski Hotels has appointed Michael Pracht as its chief financial officer and a member of the management board.
Pracht, who will replace Colin Lubbe, who decided to step down from his mandate on 30 June 2019, will oversee the company’s finance and technical services on the corporate, regional and hotel level.
Speaking about his role, Pracht said: “I feel honoured to join Kempinski Hotels. The prestigious luxury hotelier is renowned for its expertise in managing resorts and hotels throughout the world. In my new role I am looking forward to reaching out to our stakeholders inside and outside the organisation to ensure efficient workflows and increased ROIs across the network.”
Pracht 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 the 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.
He has held various senior management positions on corporate level, mainly within the finance and controlling areas, among others within Thomas Cook Group. He also gained vast international experience when serving at various locations of Sheraton Hotel & Resorts during the first 13 years of his professional career.
“We wish to welcome Michael Pracht on board of Kempinski Hotels. Michael has a strong financial background that he gathered not only within the finance sector, but across various assignments within hotel operations. In close collaboration with our newly-appointed CEO Martin Smura and the members of the Management Board, Michael will be all set to raise Kempinski to higher heights and to deliver an even greater financial performance. We are confident that with his strong financial business background, Michael will be the perfect fit for his new position,” said His Excellency Abdulla H. Saif, chairman of the Supervisory Board, Kempinski AG.
“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. We would also like to thank him for having accepted in the interest of the company to extend his mandate during this transition period. We wish him every success in his future endeavours,” he added.