InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG] today announces that Tom Singer will step down from the Board and his role as Chief Financial Officer on 1 January 2014. He will be succeeded by Paul Edgecliffe-Johnson, who joined IHG in August 2004 and has held a number of senior positions, most recently as Chief Financial Officer of IHG’s Europe and Asia, Middle East & Africa regions. Paul will take up his new position and become a member of IHG’s Board and Executive Committee on 1 January 2014.
Patrick Cescau, Chairman of IHG commented:
“I want to thank Tom for his contribution to the success of IHG as Chief Financial Officer and his role as a valued Board member during his time with us. I am pleased to welcome Paul Edgecliffe-Johnson to the Board which shows the strength and depth of our management team, demonstrating our robust succession planning and our ability to promote from within.”
Richard Solomons, Chief Executive Officer of IHG commented:
“Tom has been a strong support to me and to the business as we have continued to execute our asset light strategy and drive superior returns for shareholders. Tom has played a key role in supporting our financial success and I wish him the very best for the future.
Paul brings a breadth of experience across a number of senior roles at IHG and has a proven track record of delivering excellent results. I look forward to working with him in his new role.”
Tom Singer, Chief Financial Officer commented:
“I have greatly enjoyed my time at IHG and have valued the opportunity to work with such a talented team, including Paul, who has been a great colleague and who has an in-depth knowledge of IHG. I leave confident in the knowledge that there is continuity in the leadership of the team and that my work has helped ensure IHG is well positioned for future growth.”
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