April 18, 2008 // Franchising.com // ATLANTA - IHG (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)], one of the world's largest hotel groups by number of rooms, has named David Tessier to be senior vice president and chief financial officer in the Americas region. He will join the company on May 12.
Based in Atlanta, Tessier will be a member of the Americas Operating Committee, working with region president Steve Porter and his senior executive team. Tessier will report to Richard Solomons, finance director, IHG in Windsor, U.K.
Tessier will lead the Americas finance organization and is responsible for the management of financial operations for all properties in North and South America. He takes over in this role from Rick Kowaleski who moves in to a global company role as senior vice president of Global Funds for IHG.
"Dave is a very experienced financial operator, and his coming on board reflects our commitment to attract the best talent in our industry to IHG," said Solomons. "I am confident he will contribute greatly toward fulfilling our global finance objectives and, in turn, support IHG in becoming the best hotel company in the world."
Tessier brings a wealth of financial and hotel experience to IHG, most recently servicing as CFO for Kerzner International Resorts, Inc. He has also held senior executive positions at other companies such as CFO of Ian Schrager Hotels in New York, and senior vice president at Hilton Hotels Corporation responsible for all of Hilton non-gaming properties and spent 17 years at Marriott International.
Tessier, a 27-year hospitality industry veteran, earned a master's degree in business administration from Nova University in Fort Lauderdale, Fla., in 1993. He earned a bachelor's degree in Accounting from Bentley College in Waltham, Mass., in 1980.
InterContinental Hotels Group PLC (IHG) of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)] is one of the world's largest hotel groups by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, almost 4,000 hotels and more than 585,000 guest rooms in nearly 100 countries and territories around the world. IHG owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel Indigo®, and also manages the world's largest hotel loyalty programme, Priority Club® Rewards with over 37 million members worldwide.
The company pioneered the travel industry's first collaborative response to environmental issues as founder of the International Hotels and Environment Initiative (IHEI). The IHEI formed the foundations of the Tourism Partnership launched by the International Business Leaders Forum in 2004, of which IHG is still a member today. The environment and local communities remain at the heart of IHG's global corporate responsibility focus.
IHG offers information and online reservations for all its hotel brands at http://www.ihg.com/ and information for the Priority Club Rewards programme at http://www.priorityclub.com/.
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