BRATISLAVA, Slovakia (AP) — Political newcomer Andrej Kiska has been elected to the largely ceremonial post of Slovakia’s president, in an embarrassing defeat for his rival, Prime Minister Robert Fico, according to complete results released early Sunday.

Kiska, a successful businessman-turned-philanthropist, won 59.4 percent of the vote in a runoff ballot, the Statistics Office said. Fico, who trailed with 40.6 percent, conceded defeat and congratulated his challenger.