Hotel group IHG names financial industry veteran Oppenheimer as chairman
Adds background, details
January 18 (Reuters) – IHG IHGL.L Non-executive chairman Patrick Cescau will retire after nearly a decade in the role and will be replaced by financial services industry executive Deanna Oppenheimer, the owner of the Holiday Inn announced on Tuesday.
Oppenheimer is currently non-executive chairman of UK fund supermarket Hargreaves Lansdown HRGV.L and also sits on the board of directors of Thomson Reuters TRI.TO, the proprietary news and information company of Reuters News.
The change to the FTSE 100 .FTSE The company, once the world’s largest hotelier, comes as the hospitality industry navigates a bumpy recovery from the pandemic, with some businesses still facing uncertainty due to the spread of the Omicron coronavirus variant.
IHG, which also owns the Crowne Plaza, Regent and Hualuxe chains, said in October it had seen signs of recovery and revenue was approaching pre-pandemic levels.
New Chairman Oppenheimer’s experience includes stints at Barclays BARC.L, where she was a senior executive in its UK and European businesses, as well as at Tesco TSCO.L and Whitbread, owner of the Premier Inn WTB.L, where she held senior management positions.
Cescau of French origin, a Unilever ULVR.L veteran who had served as CEO of the consumer products giant, will retire from IHG’s board of directors in August.
(Reporting by Priyanshi Mandhan in Bengaluru; Editing by Aditya Soni)
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