by Donald Wood
Last updated: 8:55 AM ET, Fri May 5, 2023
InterContinental Hotels Group (IHG) announced that Keith
Barr has decided to step down from his roles as Chief Executive Officer and on
the Board of Directors, effective June 30.
Barr informed IHG that he intends to return with his family
to the United States, but will remain in a consultant role to support and advise
the business until the end of 2023.
“After a long time living abroad, now is the right time for
me and my family to return to the U.S.,” Barr said. “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.”
As part of the company’s succession plan, Barr will be
succeeded by Elie Maalouf, who has served as the Americas’ regional CEO for the
past eight years and is a member of IHG’s Board and Executive Committee.
Maalouf will take over the role as CEO on July 1 and be
based out of the United Kingdom.
IHG officials said the process is underway to appoint a
successor to Maalouf as Americas CEO.
“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,” Maalouf
said.
“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 realize IHG’s full industry leading
potential, by driving the performance and growth of our fantastic brands and
delivering strong returns for all our stakeholders,” Maalouf continued.
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