InterContinental Hotels Group has confirmed that
its Chairman Mr David Webster, will retire on 31 December 2012.
Webster has been Chairman of the Group since January 2004 and a
member of the Board since April 2003. Patrick Cescau will become
Chairman upon Davidís retirement.
Patrick 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 1 January 2013.
David Webster said, "My time with IHG has truly been a career highlight for me and
I leave with a feeling of achievement for all that has been done
since demerger in 2003. Iím proud of the total shareholder return
delivered over this period and I leave confident that a strong
business with a sustainable growth strategy is in place ... An excellent executive management team is in place under Richard Solomonsí leadership and I know they will drive continued success
in the future.Ē
Patrick Cescau joined the board of INSEAD in June 2009.
He was appointed a Non-Executive Director of International
Airlines Group in 2011. He has been a Non-Executive Director of Tesco PLC since February 2009, and was appointed the Company's
Senior Independent Director in July 2010. He is also a
Non-Executive Director of Pearson PLC (since 2002) and in 2010 was
appointed the Senior Independent Director.
From 2005 to
2008, Patrick was Group Chief Executive of Unilever, having
previously been Chairman Unilever PLC, Vice-Chairman Unilever NV
and Foods Director, following a progressive career with the
Company, which began in France in 1973. Prior to being appointed
to the Board of Unilever in 1999 as Finance Director, he was
Chairman of a number of the company's major operating companies
and divisions, including in the USA, Indonesia and Portugal.
He is a trustee of the Leverhulme Trust and Chairman of the St
Jude Children Charity.
Patrick Cescau was appointed a
Chevalier de la Lťgion d'Honneur in 2005.
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