Paul Edgecliffe-Johnson Named IHG’s Group Chief Financial Officer

  • InterContinental Hotels & Resorts
  • 12.09.13
On January 1, 2014, Tom Singer will step down from the board of InterContinental Hotels Group (IHG) and his role as chief financial officer.

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 & Africa regions. Paul will take up his new position and become a member of IHG's board and executive committee on January 1, 2014.

"I want to thank Tom for his contribution to the success of IHG as chief financial officer and his role as a valued board member during his time with us," said Patrick Cescau, chairman of IHG. "I am pleased to welcome Paul Edgecliffe-Johnson to the board which shows the strength and depth of our management team, demonstrating our robust succession planning and our ability to promote from within."

Richard Solomons, chief executive officer of IHG, said, "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. Tom has played a key role in supporting our financial success and I wish him the very best for the future.

"Paul brings a breadth of experience across a number of senior roles at IHG and has a proven track record of delivering excellent results," he said. "I look forward to working with him in his new role."

Tom Singer said, "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. 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."

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, Tom 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 & Company, where he spent five years, and Pricewaterhouse working in both London and New York. Singer is a qualified chartered accountant and holds a BSC (Hons) in economics and Aaccounting from the University of Bristol.

Edgecliffe-Johnson is currently chief financial officer of IHG's Europe and Asia, Middle East & Africa regions, a position he has held since September 2011. He is a member of the regional operating committees in both regions. He joined IHG in August 2004 and has since held a number of senior-level finance positions including head of investor relations, head of global corporate finance, financial planning and tax and chief financial officer, Europe, Middle East & Africa, and head of hotel development, Europe. He also acted as interim CEO of Europe, Middle East and Africa.

Edgecliffe-Johnson joined IHG from PricewaterhouseCoopers where he was senior manager for private equity tax structuring. He previously spent seven years working within corporate finance at HSBC Investment Bank. Whilst at HSBC, Edgecliffe-Johnson advised a wide range of multinational companies on equity and debt fund raisings, mergers and acquisitions and joint ventures. He has a law degree from the University of Southampton, is a fellow of the Institute of Chartered Accountants and is a member of the Association of Corporate Treasurers.

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