Kempinski Hotels has tapped board member Markus Semer as its new CEO.

Semer has been with the Geneva-based luxury hotel operator since 2002 and has served as deputy CEO since October 2014.

He succeeds Reto Wittwer, who stepped down in 2014. Kempinski and Wittwer last month reached an out-of-court settlement after the hotel company in November sued Wittwer, alleging fraud. Wittwer had headed Kempinski since 1995.

Kempinski oversees 75 luxury hotels worldwide.

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