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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  InterContinental Hotels Group PLC    IHG   GB00BHJYC057

INTERCONTINENTAL HOTELS GROUP PLC

(IHG)
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InterContinental Hotels : Directorate Change

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12/06/2019 | 04:16am EST

6 December 2019

InterContinental Hotels Group PLC

Board Appointment

InterContinental Hotels Group ('IHG') [LON:IHG, NYSE:IHG (ADRs)] today announces that Arthur de Haast is to be appointed as an independent Non-Executive Director of IHG. He will join the IHG Board with effect from 1 January 2020.

Arthur de Haast is a Senior Director of JLL, the NYSE-listed professional services firm specialising in real estate and investment management. He will step down from JLL's Global Capital Markets Board on 31 December 2019, assuming an advisory role as Chairman of JLL's Capital Markets Advisory Council, in early 2020.

Arthur was previously Chairman and Global CEO of JLL's Hotels and Hospitality Group, with responsibility for 300 professionals who provided advisory and transactional services to hotel owners and operators across 20 countries.

In addition, Arthur is a member of JLL's Global Sustainability Board, member of the Advisory Board of the Scottish Business School, University of Strathclyde, Glasgow and past Chairman of the Institute of Hospitality.

Patrick Cescau, Non-Executive Chair, IHG, commented: 'Arthur brings more than 30 years of relevant capital markets, hotels and hospitality experience, along with significant Board-level knowledge around sustainability, all of which are important areas of focus for IHG. He also has a truly global perspective and significant insight into the Asian market which is a key focus for IHG. I look forward to welcoming Arthur to the IHG Board.'

Arthur will serve on the Remuneration and Corporate Responsibility Committees of the IHG Board.

Pursuant to LR 9.6.13R, Arthur is an independent non-executive director of Chalet Hotels Limited, a public company, quoted on the Bombay Stock Exchange, (BSE).

-Ends-

For further information

Investor relations (Heather Wood; Sonya Ghobrial): +44 (0)1895 512176 +44 (0)7808 098724

Media relations (Yasmin Diamond; Mark Debenham): +44 (0)1895 512097 +44 (0)7527 424046

Note to Editors

IHG ® (InterContinental Hotels Group)[LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, HotelIndigo®, EVEN Hotels ®, HUALUXE® Hotels and Resorts, CrownePlaza® Hotels & Resorts, voco™, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Holiday Inn Club Vacations®, avid™ hotels, Staybridge Suites®, Atwell Suitesand Candlewood Suites®.

IHG franchises, leases, manages or owns nearly 5,800 hotels and approximately 865,000 guest rooms in more than 100 countries, with over 1,900 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.

InterContinental Hotels Group PLCis the Group's holding company and is incorporated in Great Britain and registered in England and Wales. More than 400,000 people work across IHG's hotels and corporate offices globally.

Visit www.ihg.comfor hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihgplc.com/mediaandfollow us on social media at: www.twitter.com/ihgcorporate, www.facebook.com/ihgcorporateand

www.linkedin.com/company/intercontinental-hotels-group

Disclaimer

IHG - Intercontinental Hotels Group plc published this content on 06 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2019 09:15:11 UTC

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Financials (USD)
Sales 2019 2 060 M
EBIT 2019 842 M
Net income 2019 502 M
Debt 2019 2 353 M
Yield 2019 1,92%
P/E ratio 2019 24,9x
P/E ratio 2020 21,1x
EV / Sales2019 6,90x
EV / Sales2020 6,44x
Capitalization 11 864 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 64,52  $
Last Close Price 65,66  $
Spread / Highest target 16,4%
Spread / Average Target -1,73%
Spread / Lowest Target -24,1%
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Managers
NameTitle
Keith Barr Chief Executive Officer & Director
Patrick Jean-Pierre Cescau Non-Executive Chairman
Paul Edgecliffe-Johnson Chief Financial Officer & Director
George Turner Chief Commercial & Technology Officer
Laura M. Miller Global Chief Information Officer & Senior VP
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