InterContinental Hotels Group's (IHG) CEO Richard Solomons will step down on June 30 and retire from the company on August 30. He joined the group 25 years ago and has served as the chief executive in the last six.
Solomons will be succeeded by chief commercial officer Keith Barr on July 1. Barr joined IHG in 2000 and has held senior leadership positions in IHG’s Americas, Asia, Middle East and Africa (AMEA) and Greater China regions, including four years as CEO of IHG’s Greater China business. He was appointed chief commercial officer in May 2013.