Mr Keith Barr - Remuneration Arrangements On Promotion To Chief Executive Officer

July 05, 2017 // // Mr Keith Barr was appointed to the Board as Chief Executive Officer (CEO) of InterContinental Hotels Group PLC on 1 July 2017.

Mr Barr’s maximum incentive opportunity as a percentage of salary will be 200% under the Annual Performance Plan (“APP”) and 205% under the Long Term Incentive Plan (“LTIP”), as per IHG’s approved Directors’ Remuneration Policy (“Policy”).

From appointment, Mr Barr’s salary will be £775,000, and benefits will be provided in line with the Policy. Company pension provision will remain at a similar level, comprised of a cash allowance in lieu of employer pension contributions of 25%. In line with the IHG’s recruitment policy, Mr Barr will be pro-rated into the 2017/19 LTIP based on his salary on appointment.

Prior to his appointment to the Board, Mr Barr was on international assignment from the US to the UK and therefore in receipt of certain expatriate allowances and benefits under the terms of IHG’s international assignment programme. These benefits included items such as housing costs, school fees and tax equalisation between the UK and US whilst on assignment.

The Board has agreed that from the date of appointment to the Board Mr Barr will be localised to a UK remuneration package and so will no longer be entitled to future assignment benefits or tax equalisation.

In order to cover the transitional and transactional costs of him and his family localising to the UK, Mr Barr will receive two lump sum localisation payments of £500,000 paid on appointment and £150,000 to be paid in 2018. Any outstanding APP and LTIP share awards granted to him whilst he was on assignment from the US and prior to his appointment to the Board will be subject to tax equalisation at the time of vesting in line with his legacy expatriate status at the time of grant. With the exception of these legacy awards, no further tax equalised payments or awards will be made to Mr Barr.

In line with Policy, Mr Barr’s shareholding requirement will be 300% of salary, and he is required to meet this within five years of appointment. He is expected to hold all shares earned (net of any share sales required to meet tax liabilities), until the shareholding requirement is achieved.

About IHG®

IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, Staybridge Suites® and Candlewood Suites®.

IHG franchises, leases, manages or owns nearly 5,200 hotels and 770,000 guest rooms in almost 100 countries, with nearly 1,500 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.

InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 350,000 people work across IHG’s hotels and corporate offices globally.

Visit for hotel information and reservations and for more on IHG Rewards Club. For our latest news, visit: and follow us on social media at:, and



Share this Story:


comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

Denny's is America's largest full-service family restaurant chain, consisting of 168 company-owned units and 1,692 franchised units, with operations...
Ziggi's Coffee
There's nothing quite like the perfect cup of coffee. It wakes you up and gets you on the right path. Now, you've got the chance to build a lifestyle...
MassageLuXe® is a fast-growing massage franchise providing massage services to clients, primarily through multi-unit area developers & single...
Dogtopia® is your one-stop shop for award-winning dog daycare, boarding and spa services.
Hungry Howie's Pizza
Hungry Howie's is currently EXPANDING! Top Markets are available for single or multiple unit development. Get the EDGE over the competition with...

Subscribe to Express

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)