Holiday inn

Holiday Inn owner names his first female chair

The stock symbol and company logo for InterContinental Hotels Group is seen on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid

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  • Patrick Cescau steps down as non-executive chairman
  • Deanna Oppenheimer will replace Cescau in September

Jan 18 (Reuters) – IHG (IHG.L) said on Tuesday that financial industry veteran Deanna Oppenheimer will become the Holiday Inn owner’s first female chairwoman when she replaces longtime chairman Patrick Cescau after his retirement later this year.

Cescau, 73, will retire at the end of August after nearly a decade in that role and Oppenheimer will take over as non-executive chairman in September, IHG said.

Oppenheimer, 63, is currently non-executive chairman of UK supermarket fund Hargreaves Lansdown (HRGV.L) and also sits on the board of Thomson Reuters (TRI.TO), the news company that owns Reuters News.

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Oppenheimer will join just a handful of other women as senior brass at a FTSE 100 company.

The percentage of female non-executive directors on FTSE 100 boards hit an all-time high in the 12 months to July 2021, according to a report published by EY in October.

The change at IHG, 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 variant of the coronavirus.

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. Read more

Oppenheimer’s experience includes stints at Barclays (BARC.L), where she was a senior executive in its UK and European businesses, as well as Tesco (TSCO.L) and Premier Inn owner Whitbread ( WTB.L), where she held senior management positions. .

Born in France, Cescau was also CEO of consumer products giant Unilever (ULVR.L).

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Reporting by Priyanshi Mandhan in Bengaluru Editing by Aditya Soni and Mark Potter

Our standards: The Thomson Reuters Trust Principles.

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