Andrew Cosslett will step down as CEO of InterContinental Hotels Group PLC as of June 30, to be succeeded by Chief Financial Officer Richard Solomons.
No specific reason has been given for the 55-year-old Cosslett’s resignation, but he calls it “the right time” to move on.
“Andy has been an outstanding chief executive since joining the company in February 2005, and we are very appreciative of the contribution he has made during his time at IHG,” says Chairman David Webster. “While we understand and respect his decision to leave at this stage, we are extremely sorry to see him go.”
Solomons, 49, is IHG’s CFO and head of commercial development, responsible for strategy, corporate finance and investor relations. He joined the company in 1992 and has held a number of senior roles over the years, including Americas chief operating officer and interim president of the Americas region.
No specific reason has been given for the 55-year-old Cosslett’s resignation, but he calls it “the right time” to move on.
“Andy has been an outstanding chief executive since joining the company in February 2005, and we are very appreciative of the contribution he has made during his time at IHG,” says Chairman David Webster. “While we understand and respect his decision to leave at this stage, we are extremely sorry to see him go.”
Solomons, 49, is IHG’s CFO and head of commercial development, responsible for strategy, corporate finance and investor relations. He joined the company in 1992 and has held a number of senior roles over the years, including Americas chief operating officer and interim president of the Americas region.