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.