IHG Chairman Webster To Retire
Friday May 25th, 2012 - 9:53AM
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ATLANTA—IHG (InterContinental Hotels Group) announces that David Webster will retire on Dec. 31, 2012. He has been Chairman of the Group since January 2004 and a member of the Board since April 2003. Patrick Cescau will become Chairman upon Webster’s retirement.
Cescau was group chief executive of Unilever from 2005 to 2008 and previously held other senior positions with the company, including finance director and CEO of the Foods Division. He will join the Board of InterContinental Hotels Group PLC as Chairman on Jan. 1, 2013.
Tags: Hospitality Brands
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.