(Alliance News) - InterContinental Hotels Group PLC on Tuesday said Patrick Cescau will step down as chair at the end of August, rounding off a nine-year stint in the post.
The Holiday Inn owner named Deanna Oppenheimer as its next non-executive chair, a role she currently holds at wealth management platform Hargreaves Lansdown PLC.
Oppenheimer joins IHG's board as a non-executive director and chair designate from June 1. She will succeed Cescau from September 1.
Oppenheimer also sits on the board of Thomson Reuters Corp. In the past, she has been a non-executive of Whitbread PLC, the owner of the Premier Inn hotel chain, and the senior independent director of grocer Tesco PLC.
"Prior to this, Deanna led and transformed the retail banking division at Barclays PLC. Her extensive board and executive-level experience across high-profile consumer brands will bring valuable insights and perspectives to IHG," the hotelier said.
Cescau joined IHG's board at the start of 2013. He is a former chief executive of Unilever PLC.
IHG Chief Executive Keith Barr said: "I would like to thank Patrick for his counsel and support during his tenure as chair. His dedication and stewardship has left the company in a strong position for high-quality future growth, and I am certain the wealth of experience Deanna will bring to the IHG board will make her an excellent successor."
IHG shares were marginally lower at 4,900.00 pence each in London on Tuesday morning.
By Eric Cunha; ericcunha@alliancenews.com
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InterContinental Hotels (IHG)
Unilever (ULVR)
Hargreaves Lansdown (HL.)
Whitbread (WTB)