Mr Kugler will be replaced by Mr Luke Mayhew, effective from 1 July 2011, who will serve as a Non-Executive Director and Chairman of the Remuneration Committee.
Luke is currently a Non-Executive Director and Chairman of the Remuneration Committee of Brambles Limited, a provider of supply chain and information management solutions, which is listed on the Australian Stock Exchange.
His previous experience includes twelve years on the Board of the John Lewis Partnership, the latter five years (2000-2004) as Managing Director of the Department Store division, five years at British Airways PLC and, seven years at Thomas Cook Group PLC. He has also previously held non-executive roles at WH Smith PLC and at Pets at Home and Bank Stores where he served as Chairman.
David Webster, IHG’s Non-Executive Chairman commented, “Ralph has been a highly valued member of the IHG Board for over eight years and in particular, his work as Chairman of the Remuneration Committee has been exemplary”.
Regarding Luke Mayhew’s appointment, Mr Webster confirmed, “I am very pleased that Luke has agreed to join the IHG Board and to chair the Remuneration Committee. His experience including his tenure at British Airways as General Manager, Human Resources and his current chairmanship of the Remuneration Committee at Brambles, will be extremely positive for the Group. I very much look forward to working with him”.
Mr Mayhew will also serve as a member of the Corporate Responsibility Committee and the Nomination Committee.