Keith Barr, the CEO of InterContinental Hotels Group (IHG), has announced his decision to step down from his role and the IHG Board. He will end his term of June 30, after which he will continue to support and advise the business until the end of 2023. Elie Maalouf, who has led IHG’s Americas business as regional CEO for eight years, will take over as the new CEO on July 1 and will be based in the UK.
Under Maalouf’s leadership, the region’s portfolio has grown to over 4,350 hotels, delivering record profits, launching new brands and formats, and creating more value for hotel owners. With decades of experience in hotel development, branding, finance, real estate, operations management and food and beverage, Maalouf has worked in various regions and speaks four languages.
Barr said: “I feel incredibly privileged to have spent three decades as part of IHG, working alongside the many talented colleagues that make it such a special company, and in partnership with our hotel owners who share our passion for hospitality. I have been lucky enough to experience this in multiple countries over the years and to have spent the last six as CEO has been an honor. After a long time living abroad, now is the right time for me and my family to return to the US. I am proud of the strong position that IHG is in today, thanks to the investments we have made to transform every aspect of our business, deliver for our guests and owners, and grow and operate our brands in the right way around the world. I’m excited for what lies ahead for IHG and having worked so closely together, to see Elie lead the business and build on all he has achieved in the Americas.”
Maalouf said: “I am extremely proud to be appointed CEO of one of the world’s leading hotel companies and excited to work with our talented teams and owners around the world on what will be an important new chapter for IHG. Working closely with Keith and as an Executive Committee, we’ve made a number of critical strategic investments in recent years that position us with exciting opportunities to realize IHG’s full industry leading potential, by driving the performance and growth of our fantastic brands and delivering strong returns for all our stakeholders.”
