Intercontinental Hotels Group plc Announces CEO Succession

InterContinental Hotels Group PLC revealed that Keith Barr has actually notified the Board of his choice to step down from his function as Group Chief Executive Officer (CEO) and from the IHG Board. Barr means to return with his household to the United States. His last day as CEO will be June 30, 2023, after which he will stay readily available to support and recommend business till completion of 2023.

Barr will be prospered by Elie Maalouf, a member of IHG’s Board and Executive Committee, who has actually led IHG’s Americas company as local CEO for the previous 8 years. Maalouf will use up his brand-new position on July 1 and will be based in the United Kingdom to lead business. Barr has actually belonged of IHG for more than 30 years and was selected to the Board and as CEO in July 2017.

Executing a clear method, he has actually changed IHG to place the business for long-lasting sustainable development, going beyond 6,000 open hotels, expanding the portfolio with the addition of 7 brand names in 6 years, buying IHG’s digital abilities and commitment deal, starting a 10- year accountable organization technique, and advancing in locations of DE&I, according to the business. Throughout Barr’s period, IHG has actually likewise browsed an international pandemic and continued to grow its footprint and track record with stakeholders around the globe. To support Maalouf and Chief Financial Officer Michael Glover and to assist guarantee a smooth shift, Barr will stay offered to business over the rest of2023 A procedure is underway to designate a follower to Maalouf as Americas CEO.