Kirk Kinsell, current President Europe, Middle East and Africa at Intercontinental Hotels Group (IHG), has been appointed President, The Americas, following the resignation of Jim Abrahamson.
The announcement follows news this spring that IHG’s Chief Executive Andy Cosslett is to step down 1 July. Cosslett leaves with a pension pot and shares worth over £11m,according to City sources.
Under Cosslett, IHG sold off property assets and moved to an ‘asset-light’ business model, focusing on hotel management and brand building rather than outright ownership.
“Cosslett steered the company through the worst recession ever and pushed through the Holiday Inn rebranding,” said analyst Nigel Parson at Evolution. “Solomons is very capable and will ensure no change in strategy.”
Abrahamson now leaves IHG to take up the role of CEO of a US hotel company.
Kinsell will assume his new responsibilities with immediate effect, reporting to incoming Chief Executive, Richard Solomons.
“Having spent five years heading the Americas development team before taking up my current role and over seven years leading the Holiday Inn franchise business in the US, I am looking forward to working with the team, taking the region to the next stage,” said Kinsell.
IHG is the world’s largest hotel group by number of rooms.
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