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    IHG   GB00BHJYC057

INTERCONTINENTAL HOTELS GROUP PLC

(IHG)
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Delayed London Stock Exchange  -  05/19 11:36:03 am EDT
4641.00 GBX   -1.82%
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Holiday Inn owner names first female chair

01/18/2022 | 06:06am EDT

* Patrick Cescau to retire as non-executive chairman

* Deanna Oppenheimer to replace Cescau in September

Jan 18 (Reuters) - IHG said on Tuesday finance industry veteran Deanna Oppenheimer will become the Holiday Inn-owner's first female chair when she replaces long-serving Chairman Patrick Cescau after his retirement later this year.

Cescau, 73, will retire at the end of August after almost a decade in the role and Oppenheimer will take over as non-executive chair in September, IHG said.

Oppenheimer, 63, currently serves as non-executive chair of British fund supermarket Hargreaves Lansdown and is also on the board of Thomson Reuters, the news and information company that owns Reuters News.

Oppenheimer will be joining only a handful of other women as top brass at a FTSE 100 company.

The percentage of female non-executive directors on FTSE 100 boards was at an all time high in the 12 months to July 2021, according to a report published by EY in October.

The change at IHG, once the world's biggest hotelier, comes as the hospitality industry navigates a bumpy recovery from the pandemic, with some companies still facing uncertainty due to the spread of the Omicron coronavirus variant.

IHG, which also owns the Crowne Plaza, Regent and Hualuxe chains, had said in October it had seen signs of recovery and that revenue was inching closer to pre-pandemic levels.

Oppenheimer's experience includes stints at Barclays , where she was a senior executive at its UK and Europe businesses, as well as Tesco and Premier Inn owner Whitbread, where she held director positions.

French-born Cescau has also served as the CEO of consumer products giant Unilever. (Reporting by Priyanshi Mandhan in Bengaluru Editing by Aditya Soni and Mark Potter)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -1.44% 152.96 Delayed Quote.-17.01%
FTSE 100 -1.82% 7302.74 Delayed Quote.0.73%
HARGREAVES LANSDOWN PLC -4.95% 845.2 Delayed Quote.-34.38%
INTERCONTINENTAL HOTELS GROUP PLC -1.82% 4641 Delayed Quote.-1.13%
ON SEMICONDUCTOR CORPORATION 0.43% 56.07 Delayed Quote.-17.80%
TESCO PLC -1.28% 255.1 Delayed Quote.-8.21%
UNILEVER PLC -3.86% 3451.5 Delayed Quote.-8.10%
WHITBREAD PLC 0.93% 2618 Delayed Quote.-13.39%
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Financials (USD)
Sales 2022 1 824 M - -
Net income 2022 470 M - -
Net Debt 2022 1 672 M - -
P/E ratio 2022 22,5x
Yield 2022 1,86%
Capitalization 10 673 M 10 673 M -
EV / Sales 2022 6,77x
EV / Sales 2023 5,81x
Nbr of Employees 11 161
Free-Float 93,9%
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Number of Analysts 21
Last Close Price 58,26 $
Average target price 68,86 $
Spread / Average Target 18,2%
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Managers and Directors
Keith Barr Chief Executive Officer & Executive Director
Paul Edgecliffe-Johnson Chief Financial Officer & Executive Director
Patrick Jean-Pierre Cescau Non-Executive Chairman
George Turner Chief Commercial & Technology Officer
Jill McDonald Independent Non-Executive Director
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