InterContinental Hotels Group (IHG) announced that Tom Singer will step down from the board and his role as chief financial officer on January 1. He will be succeeded by Paul Edgecliffe-Johnson, who joined IHG in August 2004 and has held a number of senior positions, most recently as chief financial officer of IHG’s Europe and Asia, Middle East and Africa regions.
“Tom has been a strong support to me and to the business as we have continued to execute our asset light strategy and drive superior returns for shareholders,” said Richard Solomons, chief executive officer. “Tom has played a key role in supporting our financial success and I wish him the very best for the future.”
Singer joined IHG’s executive committee and main board in September 2011. From May 2008, he was group finance director and a main board member at BUPA, a leading provider of private health care insurance and health care services. Prior to joining BUPA, Singer was with William Hill for five years, first as group finance director and then as chief operating officer. While there he took the private equity-owned business public. He has also been finance director and a main board director at Moss Bros PLC and has held managerial positions with McKinsey and Company, where he spent five years and Price Waterhouse working in both London and New York.
“I have greatly enjoyed my time at IHG and have valued the opportunity to work with such a talented team, including Paul, who has been a great colleague and who has an in-depth knowledge of IHG,” commented Singer. “I leave confident in the knowledge that there is continuity in the leadership of the team and that my work has helped ensure IHG is well positioned for future growth.”
