Andrew Cosslett to Step Down As Chief Executive; to Be Succeeded by Richard Solomons, Chief Financial Officer and Head of Commercial Development
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] announces that Andrew Cosslett will step down as Chief Executive on 30 June 2011, to be succeeded by Richard Solomons. A Board member since 2003 and currently Chief Financial Officer and Head of Commercial Development, Richard will start in his new position as Chief Executive on 1 July.