Published on : Friday, February 28, 2020
The popular German hotel management company, The Oetker Collection recently appointed Timo Gruenert as the new chief executive officer. The appointment follows the resignation of long-term chief executive Frank Marrenbach. After 23 long years of serving the hotel, he has decided to move on with a responsibility as the managing partner of Germany based Althoff Hotels. He is expected to leave in May this year.
Marrenbach’s responsibility has been passed on to Gruenert, who has served The Oetker Collection as a co-managing director and chief financial officer since the year 2009. Ever since the same year, the two have cooperated and worked together to create the Oetker Collection based on the then hotel portfolio owned by the Oetker Group. Both of them are responsible for developing the growth strategy of the company by adding various renowned third owned hotels which were managed by Oetker Collection.
Timo Gruenert began his career as an assistant of the managing partner of August Oetker. He also holds a PhD degree from University of Giessen with a thesis on mergers and acquisitions in corporate crisis.
Gruenert shared in a press statement regarding his new appointment that he looks into the opportunity as a great privilege. He considers it an honour to continue the journey he started 10 years back and aims to develop the company’s strengths and unique culture even further under his role as the CEO. He shared that the company alongside all its employees across five different countries are dear to his heart and believes that the hotel stands special in the contemporary hotel scene with the capability to excel and enhance its portfolio.
Heino Schmidt, Chairman, Supervisory Board of Oetker Collection further added that the company considers itself lucky to witness a smooth transition within the organization itself. He also appreciated Marrenbach’s contribution to the hotel and wished him luck for his new endeavour.