InterContinental Motels Group (“IHG”) [LON:IHG, NYSE:IHG (ADRs)] at this time declares that Keith Barr has knowledgeable the Board of his determination to step down from his position as Group Chief Government Officer (CEO) and from the IHG Board. Keith intends to return along with his household to the US. His ultimate day as CEO might be 30 June, after which he’ll stay accessible to assist and advise the enterprise till the tip of 2023.
Keith might be succeeded by Elie Maalouf, a member of IHG’s Board and Government Committee, who has led IHG’s Americas enterprise as regional CEO for the previous eight years. Elie will take up his new place on 1 July and might be based mostly within the UK to guide the enterprise.
Keith has been part of IHG for greater than 30 years and was appointed to the Board and as CEO in July 2017. Executing a transparent technique, he has remodeled IHG to place the corporate for long-term sustainable progress, surpassing 6,000 open resorts, broadening the portfolio with the addition of seven manufacturers in six years, considerably investing in IHG’s digital capabilities and loyalty supply, embarking on a 10-year accountable enterprise technique, and progressing in key areas of DE&I. Throughout Keith’s tenure, IHG has additionally efficiently navigated a world pandemic and continued to develop its footprint and fame with key stakeholders all over the world.
Elie joined IHG as Americas CEO in February 2015. Below his management, the area’s property has grown from roughly 3,700 resorts to greater than 4,350. Elie led the supply of file income, oversaw the launch of latest manufacturers and codecs, and strengthened how the enterprise drives worth for our lodge homeowners. Elie has spent a number of a long time within the world hospitality sector and has a breadth of expertise spanning lodge growth, branding, finance, actual property and operations administration, in addition to meals and beverage experience, with a powerful monitor file of delivering distinctive outcomes. Elie has lived and labored internationally together with in Europe, the Center East, North Africa and the US, and speaks 4 languages.
To assist Elie and Chief Monetary Officer Michael Glover and to assist guarantee a clean transition, Keith will stay accessible to the enterprise over the remainder of 2023. A course of is underway to nominate a successor to Elie as Americas CEO.
It has been a pleasure to work with Keith, and on behalf of the Board and our colleagues I need to thank him for his profitable management of IHG and congratulate him on his exceptional contribution. Beginning in our resorts within the US earlier than shifting into company roles which have seen him work throughout worldwide markets, Keith has used all his expertise to guide a real transformation of IHG in his six years as CEO. He has rallied a enterprise round a transparent technique with lodge homeowners and visitors at its coronary heart, strengthened IHG’s enterprise platform, and positioned the enterprise on a path to long-term sustainable progress and to proceed a wonderful monitor file of shareholder worth creation. He has achieved this with nice heat and persona – not least through the depths of the pandemic – and we want him the easiest for the long run.
Succession planning has been an indicator of the enterprise for a few years and Elie’s appointment is the results of a rigorous course of and a dedication to spend money on the event of our leaders, as was the case when Keith turned CEO in 2017. Elie has been an instrumental a part of our enterprise in his eight years operating our largest working area and as a member of the Board since 2018. His important business expertise and deep understanding of our enterprise makes him extraordinarily nicely positioned to tackle the position of CEO and guarantee we proceed to progress and execute towards our profitable technique. The Board and I stay up for working with him in his new place. Deanna Oppenheimer, Chair of IHG
I really feel extremely privileged to have spent three a long time as a part of IHG, working alongside the numerous gifted colleagues that make it such a particular firm, and in partnership with our lodge homeowners who share our ardour for hospitality. I’ve been fortunate sufficient to expertise this in a number of nations through the years and to have spent the final six as CEO has been an honour. After a very long time dwelling overseas, now’s the suitable time for me and my household to return to the US. I’m happy with the robust place that IHG is in at this time, due to the investments we now have made to remodel each facet of our enterprise, ship for our visitors and homeowners, and develop and function our manufacturers in the suitable means all over the world. I’m excited for what lies forward for IHG and having labored so carefully collectively, to see Elie lead the enterprise and construct on all he has achieved within the Americas. Keith Barr, CEO
I’m extraordinarily proud to be appointed CEO of one of many world’s main lodge firms and excited to work with our gifted groups and homeowners all over the world on what might be an vital new chapter for IHG. Working carefully with Keith and as an Government Committee, we’ve made numerous important strategic investments in recent times that place us with thrilling alternatives to understand IHG’s full business main potential, by driving the efficiency and progress of our implausible manufacturers and delivering robust returns for all our stakeholders. Elie Maalouf, Americas CEO and CEO Designate
About IHG®
IHG Motels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a world hospitality firm, with a goal to offer True Hospitality for Good.
With a household of 17 lodge manufacturers and IHG Rewards, one of many world’s largest lodge loyalty programmes, IHG has over 6,000 open resorts in additional than 100 nations, and an additional 1,800 within the growth pipeline.
- Luxurious & Way of life: Six Senses Motels Resorts Spas, Regent Motels & Resorts, InterContinental Motels & Resorts, Vignette Assortment, Kimpton Motels & Eating places, Resort Indigo
- Premium: voco Motels, HUALUXE Motels & Resorts, Crowne Plaza Motels & Resorts, EVEN Motels
- Necessities: Vacation Inn Motels & Resorts, Vacation Inn Specific, avid resorts
- Suites: Atwell Suites, Staybridge Suites, Vacation Inn Membership Holidays, Candlewood Suites
InterContinental Motels Group PLC is the Group’s holding firm and is included and registered in England and Wales. Roughly 350,000 folks work throughout IHG’s resorts and company places of work globally.
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