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IHG boss to step down
Andrew Cosslett will step down as chief executive of InterContinental Hotels Group (IHG) on June 30.
He will be succeeded by current chief financial officer and head of commercial development Richard Solomons.
Cosslett, who has been CEO of UK-based IHG since February 2005, said: “We have a powerful portfolio of brands, including a now fully rejuvenated Holiday Inn, and established leading positions in the biggest and fastest growing markets of the world, including China.
“The prospects for the group are excellent and with IHG entering the next phase of its development, and after six years, this is the right time to hand over the reins.”
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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