InterContinental Hotels Group PLC, the world’s largest hotels operator, announced this week that its Asia Pacific chief executive had resigned after the company discovered that he lied on his résumé.
Patrick Imbardelli was on the verge of being appointed to InterContinental’s board when the company learned that the Singapore-based executive did not have degrees from Cornell University and Australia’s Victoria University as he had claimed.
In a statement last month, the company noted that Imbardelli had joined the company in 2000 and was appointed managing director of the Asia Pacific region in 2003.
Commentary: Not the first time that an executive has been called out for lying on their résumé. What is interesting, however, is how public Intercontinental is being by revealing the reason for Mr. Imbardelli’s dismissal. There are plenty of resignations each year from corporate leaders where the real reason (including résumé fraud) is politely ignored and the departing executive is allowed to maintain their dignity and reputation.
This is not one of the them.
Intercontinental obviously felt a compulsion to clearly disclose Mr. Imbardelli’s fraud. The first reason may have been that they did not want investors thinking that his departure might have been related to something else in the business being awry (like the speculative stock sell-off resulting from Wellpoint CFO’s resignation for personal conduct last week). Another motive might be that Intercontinental’s leadership was simply pissed off about Imbardelli lying to them.



July 19th, 2010 at 8:43 pm
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