InterContinental Motels Group (IHG) introduced that Keith
Barr has determined to step down from his roles as Chief Government Officer and on
the Board of Administrators, efficient June 30.
Barr knowledgeable IHG that he intends to return together with his household
to america, however will stay in a advisor position to help and advise
the enterprise till the tip of 2023.
“After a very long time dwelling overseas, now’s the proper time for
me and my household to return to the U.S.,” Barr mentioned. “I’m happy with the robust
place that IHG is in immediately, because of the investments now we have made to
remodel each facet of our enterprise, ship for our company and homeowners, and
develop and function our manufacturers in the proper means around the globe.”
As a part of the corporate’s succession plan, Barr will probably be
succeeded by Elie Maalouf, who has served because the Americas’ regional CEO for the
previous eight years and is a member of IHG’s Board and Government Committee.
Maalouf will take over the position as CEO on July 1 and be
based mostly out of the UK.
IHG officers mentioned the method is underway to nominate a
successor to Maalouf as Americas CEO.
“I’m extraordinarily proud to be appointed CEO of one of many
world’s main resort firms and excited to work with our gifted groups and
homeowners around the globe on what will probably be an vital new chapter for IHG,” Maalouf
mentioned.
“Working intently with Keith and as an Government Committee,
we’ve made various vital strategic investments in recent times that
place us with thrilling alternatives to appreciate IHG’s full trade main
potential, by driving the efficiency and development of our improbable manufacturers and
delivering robust returns for all our stakeholders,” Maalouf continued.
