IHG's Chairman to check out
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) has announced that its long-serving Chairmanm David Webster, is to retire at the end of 2012.
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) has announced that its long-serving Chairmanm David Webster, is to retire at the end of 2012.
Webster has been IHG's Chairman since January 2004 and a member of the board since April 2003.
"My time with IHG has truly been a career highlight for me and I leave with a feeling of achievement for all that has been done since de-merger in 2003. I'm proud of the total shareholder return delivered over this period and I leave confident that a strong business with a sustainable growth strategy is in place," he said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
When he leaves the group on December 31st, he will be replaced by Patrick Cescau, former Unilever Chief Executive Officer (2005-2008).
"My fellow board members and I look forward to guiding IHG to even greater achievements as we focus on brand building and the strategic global expansion of the business in the near term and future," Cescau said.
BC
-
How cancelling unused direct debits could boost your pension by £37,000A new year refresh of your spending could save you money and help boost your pension pot.
-
NS&I cuts interest rates on 8 savings accountsNS&I will now offer less attractive interest rates for customers wishing to lock their savings away to grow for one, two, three or five years.
