Hotels operator InterContinental picks new boss

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InterContinental Hotels Group announced Wednesday that chief executive Andrew Cosslett will step down in June, to be replaced by its finance head.

"InterContinental Hotels Group announces that Andrew Cosslett will step down as chief executive on 30 June 2011, to be succeeded by Richard Solomons," the company said in a statement.

"A board member since 2003 and currently chief financial officer and head of commercial development, Richard will start in his new position as chief executive on 1 July."

Solomons, 49, has been at InterContinental since 1992 and has held a range of jobs including chief operating officer of its Americas division.

"In Richard Solomons, we have an able and worthy successor," group chairman David Webster said in the statement.

"Richard is a highly respected executive, with deep knowledge of our industry, our business and our brands. He is the board's first choice to take the company forward."

The London-based firm franchises, leases, manages or owns more than 640,000 rooms in more than 4,400 hotels across the world. That makes it the world's largest hotel operator by number of rooms.

The group's main hotel chain brands include Crowne Plaza, Holiday Inn and InterContinental.

© 2011 AFP

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