SOUTHLAKE, Texas, Jan. 11, 2018 /PRNewswire/ -- Sabre Corporation
(NASDAQ: SABR), the leading technology provider to the global
travel industry, today announced that Chief Financial Officer
Rick Simonson, 59, has notified
Sabre of his intention to retire from his role as CFO of Sabre by
the end of 2018. To help ensure an orderly transition,
Simonson will step down from his current position once a successor
is appointed, but will remain with Sabre as a senior advisor.
The company has initiated an internal and external search to fill
the CFO position.
"Rick has been an outstanding CFO and has played a key
leadership role at Sabre since 2013," said Sean Menke, president and CEO of Sabre.
"We are very appreciative of his many significant contributions to
Sabre, including leading our IPO, focusing our business portfolio
through the successful divestiture of non-core businesses, helping
build the new leadership team and implementing our improved
organizational structure. Personally, I would like to thank Rick
for being a great partner to me as I took on my CEO
responsibilities in 2017. Rick has laid a strong financial
foundation for Sabre as we embark on our next leg of growth during
a time of evolution across the industry."
Simonson said, "It has been a pleasure to serve as CFO of Sabre
for these past five years, and I'm proud of the improvements we
have made during that period. With the full leadership team
in place, the timing is right to transition to the next CFO of
Sabre as we execute on Sabre's focused strategy to lead the travel
technology industry and deliver long-term value through
prioritized, strategic investment. I look forward to
continuing to work with the company to help ensure this smooth
transition and to assist Sean and the leadership team
thereafter."
About Sabre
Sabre Corporation is the leading technology provider to the
global travel industry. Sabre's software, data, mobile and
distribution solutions are used by hundreds of airlines and
thousands of hotel properties to manage critical operations,
including passenger and guest reservations, revenue management,
flight, network and crew management. Sabre also operates a leading
global travel marketplace, which processes more than US$120 billion of global travel spend annually by
connecting travel buyers and suppliers. Headquartered in
Southlake, Texas, USA, Sabre
serves customers in more than 160 countries around the world. For
more information, please visit www.sabre.com
SABR-F
Contacts:
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Media
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Investors
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Tim
Enstice
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Barry
Sievert
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+1-682-605-6162
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sabre.investorrelations@sabre.com
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tim.enstice@sabre.com
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SOURCE Sabre Corporation