SECURITIES
AND EXCHANGE COMMISSION
Washington
DC 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16
OF
THE
SECURITIES EXCHANGE ACT OF 1934
For 05
May 2023
InterContinental Hotels Group PLC
(Registrant's
name)
Broadwater
Park, Denham, Buckinghamshire, UB9 5HJ, United Kingdom
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form
20-F
Form 40-F
Indicate
by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes
No
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): Not
applicable
EXHIBIT
INDEX
99.1
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IHG CEO
Succession dated 05 May
2023
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Exhibit
No: 99.1
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This announcement contains inside information
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5 May 2023
InterContinental Hotels Group PLC
IHG CEO Succession
Keith Barr, Group CEO to step down and to be succeeded by Elie
Maalouf, Americas CEO
InterContinental Hotels Group ("IHG") [LON:IHG, NYSE:IHG (ADRs)]
today announces that Keith Barr has informed the Board of his
decision to step down from his role as Group Chief Executive
Officer (CEO) and from the IHG Board. Keith intends to return with
his family to the US. His final day as CEO will be 30 June, after
which he will remain available to support and advise the business
until the end of 2023.
Keith will be succeeded by Elie Maalouf, a member of IHG's Board
and Executive Committee, who has led IHG's Americas business as
regional CEO for the past eight years. Elie will take up his new
position on 1 July and will be based in the UK to lead the
business.
Keith has been a part of IHG for more than 30 years and was
appointed to the Board and as CEO in July 2017. Executing a clear
strategy, he has transformed IHG to position the company for
long-term sustainable growth, surpassing 6,000 open hotels,
broadening the portfolio with the addition of seven brands in six
years, significantly investing in IHG's digital capabilities and
loyalty offer, embarking on a 10-year responsible business
strategy, and progressing in key areas of DE&I. During Keith's
tenure, IHG has also successfully navigated a global pandemic and
continued to grow its footprint and reputation with key
stakeholders around the world.
Elie joined IHG as Americas CEO in February 2015. Under his
leadership, the region's estate has grown from approximately 3,700
hotels to more than 4,350. Elie led the delivery of record profits,
oversaw the launch of new brands and formats, and strengthened how
the business drives value for our hotel owners. Elie has spent
several decades in the global hospitality sector and has a breadth
of experience spanning hotel development, branding, finance, real
estate and operations management, as well as food and beverage
expertise, with a strong track record of delivering exceptional
results. Elie has lived and worked internationally including in
Europe, the Middle East, North Africa and the US, and speaks four
languages.
To support Elie and Chief Financial Officer Michael Glover and to
help ensure a smooth transition, Keith will remain available to the
business over the rest of 2023. A process is underway to appoint a
successor to Elie as Americas CEO.
Deanna Oppenheimer, Chair of IHG, commented: "It
has been a pleasure to work with Keith, and on behalf of the Board
and our colleagues I want to thank him for his successful
leadership of IHG and congratulate him on his remarkable
contribution. Starting in our hotels in the US before moving into
corporate roles that have seen him work across international
markets, Keith has used all his experience to lead a true
transformation of IHG in his six years as CEO. He has rallied a
business around a clear strategy with hotel owners and guests at
its heart, strengthened IHG's enterprise platform, and placed the
business on a path to long-term sustainable growth and to continue
an excellent track record of shareholder value creation. He has
achieved this with great warmth and personality - not least during
the depths of the pandemic - and we wish him the very best for the
future.
Succession planning has been a hallmark of the business for many
years and Elie's appointment is the result of a rigorous process
and a commitment to invest in the development of our leaders, as
was the case when Keith became CEO in 2017. Elie has been an
instrumental part of our business in his eight years running our
largest operating region and as a member of the Board since 2018.
His significant industry experience and deep understanding of our
business makes him extremely well placed to take on the role of CEO
and ensure we continue to progress and execute against our
successful strategy. The Board and I look forward to working with
him in his new position."
Keith Barr, CEO said: "I
feel incredibly privileged to have spent three decades as part of
IHG, working alongside the many talented colleagues that make it
such a special company, and in partnership with our hotel owners
who share our passion for hospitality. I have been lucky enough to
experience this in multiple countries over the years and to have
spent the last six as CEO has been an honour. After a long time
living abroad, now is the right time for me and my family to return
to the US. I am proud of the strong position that IHG is in today,
thanks to the investments we have made to transform every aspect of
our business, deliver for our guests and owners, and grow and
operate our brands in the right way around the world. I'm excited
for what lies ahead for IHG and having worked so closely together,
to see Elie lead the business and build on all he has achieved in
the Americas."
Elie Maalouf, Americas CEO and CEO Designate
said: "I
am extremely proud to be appointed CEO of one of the world's
leading hotel companies and excited to work with our talented teams
and owners around the world on what will be an important new
chapter for IHG. Working closely with Keith and as an Executive
Committee, we've made a number of critical strategic investments in
recent years that position us with exciting opportunities to
realise IHG's full industry leading potential, by driving the
performance and growth of our fantastic brands and delivering
strong returns for all our stakeholders."
ENDS
For further information, please contact:
Investor
Relations: Stuart
Ford (+44 (0)7823 828 739); Aleksandar Milenkovic (+44 (0)7469 905
720); Joe
Simpson (+44 (0)7976 862 072)
Media Relations:
Amy Shields
(+44 (0)7881 035 550); Alex O'Neil (+44 (0)7407 798
576)
For the purposes of the Market Abuse Regulation, the person
responsible for arranging the release of this announcement is
Nicolette Henfrey, EVP, General Counsel & Company
Secretary.
Notes to editors:
Biography
Elie Maalouf is Chief Executive Officer of the Americas region for
IHG Hotels & Resorts, based in Atlanta, Georgia, and serves as
an Executive Director on IHG's Board. He also has oversight of the
Global Sales organisation and IHG's owner management and services
strategy.
Elie leads the management, growth and profitability of the
company's largest operating region and is responsible for
overseeing over 4,300 hotels and resorts, spanning the US, Canada,
Mexico, Central and South America and the Caribbean.
Elie's experience includes 13 years at HMSHost Corporation, where
he held roles as President and CEO and was a member of the board of
directors. Before HMSHost, Elie spent eight years with Weyerhaeuser
Real Estate Company. Prior to joining IHG in 2015, Elie was Senior
Advisor with McKinsey & Company.
Elie is active in organisations that support and promote the travel
and hospitality industries as a member of the American Hotel &
Lodging Association Executive Committee of the Board, and a member
of the U.S. Travel Association CEO Roundtable. In addition, Elie is
a member of the Real Estate Roundtable and is a board member of the
Atlanta Committee for Progress.
Elie holds an MBA from the University of Virginia Darden School of
Business and a Bachelor's degree in engineering from Virginia
Tech.
About IHG Hotels & Resorts:
IHG Hotels & Resorts [LON:IHG,
NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to
provide True Hospitality for Good.
With a family of 18 hotel brands and IHG
One Rewards, one of the world's
largest hotel loyalty programmes, IHG has over 6,000 open hotels in
more than 100 countries, and more than 1,900 in the development
pipeline.
-
Luxury & Lifestyle: Six
Senses Hotels Resorts Spas, Regent
Hotels & Resorts, InterContinental
Hotels & Resorts, Vignette
Collection, Kimpton
Hotels & Restaurants, Hotel
Indigo
-
Premium: voco
hotels, HUALUXE
Hotels & Resorts, Crowne
Plaza Hotels & Resorts, EVEN
Hotels
-
Essentials: Holiday
Inn Hotels & Resorts, Holiday
Inn Express, avid
hotels
- Suites: Atwell
Suites, Staybridge
Suites, Holiday
Inn Club Vacations, Candlewood
Suites
- Exclusive
Partners: Iberostar
Beachfront Resorts
InterContinental Hotels Group PLC is the Group's holding company
and is incorporated and registered in England and Wales.
Approximately 345,000 people work across IHG's hotels and corporate
offices globally.
Visit us online for more about our hotels
and reservations and IHG
One Rewards. To
download the new IHG One Rewards app, visit the Apple
App or Google
Play stores.
For our latest news, visit our Newsroom and
follow us on LinkedIn, Facebook and Twitter.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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InterContinental Hotels Group PLC
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(Registrant)
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By:
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/s/
C. Lindsay
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Name:
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C.
LINDSAY
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Title:
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ASSISTANT
COMPANY SECRETARY
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Date:
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05 May 2023
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