Close

Cart

Total $0.00

Checkout

Richard will step down as CEO on 30 June and retire from IHG on 30 August.  He will be succeeded by Keith Barr, a member of IHG’s Executive Committee who has spent nearly 17 years with IHG, most recently as Chief Commercial Officer (CCO). Keith will take up his new position and become a member of IHG’s Board on 1st July 2017.

Richard joined the group 25 years ago and has been on the IHG Board for 14 years, including the last six as CEO. He has led IHG’s strategy and played an integral role in IHG’s successes since its demerger from Six Continents plc in 2003. As a Board Director and CEO, he has led the growth of IHG’s footprint around the world and established the business on a global scale.

Keith joined IHG in 2000 and has held senior leadership positions in IHG’s Americas, Asia, Middle East and Africa (AMEA) and Greater China regions, including four years as CEO of IHG’s Greater China business. He was appointed Chief Commercial Officer in May 2013, and has held global responsibility for IHG’s sales, marketing and loyalty functions.

Patrick Cescau, Chairman of IHG, commented: “It has been a pleasure to work with Richard, and on behalf of the Board and our colleagues I want to thank him for his successful leadership of IHG. Richard has been an outstanding CEO and a driving force behind IHG becoming the leading global organisation it is today. He has created exceptional shareholder value and as CFO successfully steered the group through the financial crisis.  He has executed our winning strategy with a sharp focus on developing our brands, guest experience and loyalty proposition, as well as the digital transformation of the business. Although we are sorry to see him go, we respect and understand his decision to retire and wish him all the very best for the future. 

Succession planning and talent development is an important part of IHG’s culture and is built into the way we run the business. Keith’s appointment is a result of a rigorous process. He has had a significant career in the hospitality industry and has the leadership skills and operational experience to take on the role of CEO. His time running and transforming our Greater China business, as well as his recent leadership of IHG’s sales and marketing functions, means he is extremely well placed to lead the business through the next stage of its development.”

Richard Solomons, CEO, commented: “It has been a privilege to have spent the last 25 years working in such a dynamic business and alongside an outstanding executive team, talented colleagues across the business and our dedicated hotel owners. I am proud of the success we have achieved since IHG became a standalone business in 2003, not least completing our transition to becoming an asset-light business, launching a series of innovative new hotel brands and new concepts for our heritage brands, acquiring Kimpton Hotels & Restaurants and creating value for shareholders. Keith has been an outstanding leader in the business and is clearly the right person to lead IHG to continued future success.”

Keith Barr, Chief Commercial Officer and CEO Designate, commented: “I am honoured to be appointed CEO of one of the world’s leading hotel companies and to have the opportunity to lead IHG. Building on Richard’s leadership and IHG’s strong performance track record, we will continue to focus on developing our portfolio of brands, delivering consistent, high-quality growth and creating value.”

About IHG

IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, Staybridge Suites® and Candlewood Suites®.

IHG franchises, leases, manages or owns nearly 5,200 hotels and 770,000 guest rooms in almost 100 countries, with nearly 1,500 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.

InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 350,000 people work across IHG’s hotels and corporate offices globally.

Visit www.ihg.com for hotel information

Contact: Mark Debenham

mark.debenham@ihg.com / +44 (0) 1895 512 097

Related News

IHG Launches New Upscale Brand, voco, With a Signing in Australia

Inuyama, in Japan’s Aichi Prefecture, to Debut Hotel Indigo, Its First Internationally-Branded Hotel

IHG Partners With SDB Developers to Expand Presence in Kolkata with Signing of Holiday Inn Resort Kolkata NH6

DUR Hospitality and IHG Open the 304-Room Crowne Plaza Riyadh Palace

Ratanakorn Asset and IHG Sign Agreement for Development of Eight New Properties in Thailand’s Key Resort Destinations

Crescent Hotels & Resorts Opens 134-Suite Crowne Plaza® – Farmington Hills Following Renovation and Rebranding

InterContinental® Debuts in Bulgaria With Opening of 194-Room InterContinental Sofia

IHG Expands in Western China With Signing of 10 New Deals Under 7 Brands

Marshall Hotels & Resorts Takes Over Management of 63-Room Hotel Indigo in Birmingham, Alabama

IHG to Rebrand and Operate 13 UK Hotels Through Agreement With Foncière des Régions Following Acquisition From Starwood Capital Group

Barnes Capital and IHG® to Develop a 150-Room Holiday Inn in Melbourne’s Coburg Suburb

IHG Signs With Focus Ventures to Develop Dual-Branded Hotel Indigo and Holiday Inn in the Heart of Melbourne's Retail District

The Juggle is Real for Today’s Travel Managers

In Partnership with Arabia Hotels, IHG Signs for Two New Build Hotels in Giza, Egypt

IHG, Along With Al-Futtaim, Open the Holiday Inn Dubai Festival City and Enter Agreement for New Staybridge Suites Dubai Festival City

IHG® Signs Agreement With Al Hokair Hospitality for Development of at Least 10 Holiday Inn Express® Hotels in Saudi Arabia

IHG Signs With Roquebrook for Hotel Indigo Gibraltar, an Adaptive Re-Use Project in Spain

Completing Conversion, Interstate Europe Opens Hotel Indigo Durham with Paul Borg as General Manager

IHG Signs With Watson Elite for Hotel Indigo Sydney Central Set to Open in 2021

In Partnership With Tanmiyat Real Estate, IHG to Rebrand Qatar's M Doha Hotel as Crowne Plaza Doha West Bay

All News »

Please login or register to post a comment.