InterContinental Hotels (NYSE:IHG) Picks Patrick Cescau as New Chairman; Replaces David Webster –IHG, CHH, MAR, HOT

  on May 29,2012 Posted in Business News ,Featured
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InterContinental Hotels Group PLC (ADR) (NYSE:IHG), a worldwide hotel corporation, reported on Friday that Chairman David Webster would quite on Dec.31. David Webster has been Chairman of the company since January 2004 and a part of the Board since April 2003.

The company reported that Patrick Cescau would turn to new Chairman upon David’s.

Patrick Cescau was Group Chief Executive of Unilever NV (ADR) (NYSE:UN) from 2005 to 2008 and earlier served as the senior manager with the corporation, including Finance Director and Chief Executive Officer of the Foods unit.

Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Choice Hotels International, Inc. (NYSE:CHH) fell -0.74% to settle at $36.08, Marriott International, Inc. (NYSE:MAR) moved up +0.65% to end at $38.64 while Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) plunged -0.28% to finish on Friday at $53.38.

InterContinental Hotels Group PLC (ADR)(NYSE:IHG) on MAY 25, 2012 it decreased -0.63% to the closing price of $22.08. The overall volume in the last trading session was 229,109.00shares. Its fifty two week range was $14.65-$24.85. The total market capitalization remained $6.43billion.

IHG is ahead its 52 week low with +50.72% and lagging behind from its 52 week high price with -11.15%. IHG last month stock price volatility remained 1.59%. In its share capital IHG has 291.24 million outstanding shares among them 285.49 million shares have been floated in market exchange. IHG stock institutional ownership remained 11.72%.

The stock price of IHG is moving down from its 20 days moving average with -4.52% and remote positively from 50 days moving average with +0.01%. IHG current year earnings per share experienced an addition with +58.07% while its current quarter performance remained +25.67%. Company’s beta coefficient included 1.59. Beta factors measures the amount of market risk associated with market trade.



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