SOUTHLAKE, Texas, July 15, 2020 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR), the leading software and
technology provider that powers the global travel industry, today
announced the election of Gregg
Saretsky and John M. Scott,
III, highly experienced travel industry executives, to its
board of directors on July 15,
2020. Saretsky and Scott join Gail
Mandel, who was elected on April 29,
2020.
"We welcome Gail, Gregg and John to the Sabre Board of Directors
as we continue to refresh its composition and add significant
technology, hospitality and airline expertise to the board," said
Karl Peterson the Chairman of the
Company's board. "They join Sabre at an exciting time as we
continue to make meaningful progress toward achieving our vision to
create a new market for personalized travel. These additions will
complement the skills, expertise and experiences of our existing
directors and we are confident they will provide valuable
perspectives as we continue to execute against our strategy and
focus on maximizing value for Sabre's shareholders. We look forward
to their contributions."
In addition, the board recently changed its committee
composition. John Siciliano has
succeeded Gary Kusin as chair of the
compensation committee and George
Bravante has replaced Judy
Odom as chair of the audit committee. Mandel has joined the
technology committee and the audit committee. Saretsky and Scott
will serve on the technology committee and governance and
nominating committee, respectively. Earlier this year,
Peterson replaced departing board member Larry Kellner as chairman of the company's board
and chair of the governance and nominating committee.
Sabre's Board regularly evaluates its composition to ensure the
board includes the appropriate skills, experience and perspective
necessary to help guide the future of the company and drive growth
for its shareholders. With the appointment of these three
individuals, Sabre has added five independent directors to its
actively engaged board in the past four years. Sabre will continue
to proactively manage the composition of the Board to ensure that
it remains varied in skills, expertise and tenure while allowing
flexibility for any future succession planning needs.
About Gail Mandel
Ms. Mandel has served as Managing Director of Focused Point
Ventures, LLC, a business advisory and consulting services
organization, since 2019. In addition, she currently serves as the
Executive Chairman of the Board of PureStar, a provider of laundry
services and linen management to the hospitality industry. From
2014 to 2018, she served as President and Chief Executive Officer
of Wyndham Destination Network, an operating division of Wyndham
Worldwide and a provider of professionally managed, unique vacation
accommodations. Mandel served as Chief Operating Officer and Chief
Financial Officer, Wyndham Exchange
& Rentals (later known as Wyndham Destination Network), from
March 2014 to November 2014 and Chief Financial Officer,
Wyndham Destination Network, from January
2010 to March 2014. From
August 2006 to January 2010, Mandel was Senior Vice President,
Financial Planning & Analysis, for Wyndham Worldwide. From
February 1999 to August 2006, Mandel was Division CFO/Controller,
Cendant Hospitality Services, and from October 1997 to February
1999, Mandel was Controller, Cendant Mobility.
About Gregg Saretsky
Gregg Saretsky is a Corporate
Director who retired in March 2018
from WestJet as President and Chief Executive Officer, a position
he held since April 2010 after having
joined WestJet in June 2009. During
his tenure, WestJet doubled in size, started a regional airline
subsidiary, inaugurated long haul international operations, all
while achieving an investment-grade credit rating and recognition
from Waterstone Human Capital for Canada's Most admired corporate culture.
Saretsky was named Alberta's Business Person of the Year for 2012
by Alberta Venture magazine.
In 2013, Saretsky was also named Top New CEO of the Year by
Canadian Business Magazine, an award bestowed on a CEO who has
transformed his company within the first five years of his
appointment. In addition, he received an Honorary Doctor of Laws
from Concordia University in 2014 and
was the recipient of the David Foster Foundation Visionary Award as
Canada's National Business Leader
of the Year in 2015. Saretsky began his career in aviation with
Canadian Airlines in 1985, after a short period in Commercial
Banking, and rose through the ranks to the position of
Vice-President, Airports, and Vice-President, Marketing, before
joining Alaska Airlines in 1998 as Senior Vice-President, Marketing
& Planning and then Executive Vice-President of Flight
Operations and Marketing, responsible for the airline's flight
crews, operations, and consumer programs and activities. Saretsky
led the development of Alaska Airlines' alliance strategy and was
instrumental in building new airline and tour operator
partnerships. Saretsky has served as a board member of the
Conference Board of Canada,
Calgary Telus Convention Centre, Tourism Vancouver, and the
University of British Columbia
(UBC) and is currently Board Chair of the Wood Buffalo Economic
Development Corporation and a Director of RECARO, a German
Industrial Company.
About John Scott
John M. Scott, III, is an
experienced executive in the hospitality, leisure and entertainment
industries with more than 25 years of consumer facing business
expertise across complex global, multi-unit, multi-brand
enterprises. Scott is a founder and Chairman of Park House, a new
private social club business located in Dallas, TX which is redefining the private
social club model. Scott is also Chairman of A&O Hotels, the
largest European hybrid hotel and hostel platform which owns and
operates 40 assets with more than 25,000 beds and 7,000 rooms
throughout Europe. Most recently
he served from 2012 through 2015 as President, Chief Executive
Officer and a Director of Belmond Ltd., previously Orient-Express
Hotels Ltd., a publicly listed company engaged in the ownership and
management of a global portfolio of 46 luxury hotel, restaurants,
tourist trains and cruise businesses in 22 countries. Prior to
joining Belmond Ltd., he served from 2003 until 2011 as President
and Chief Executive Officer of Rosewood Hotels & Resorts, an
international luxury hotel ownership and management company. He
previously served on the board of Kimpton Hotels and Restaurants, a
private hotel and restaurant management company, SMU COX School of
Business and currently serves as a director of Cedar Fair
Entertainment, a leading North American amusement park owner and
operator, and as a director of Subway Restaurants.
About Sabre Corporation
Sabre Corporation is a leading software and technology Company
that powers the global travel industry, serving a wide range of
travel companies including airlines, hoteliers, travel agencies and
other suppliers. The Company provides retailing, distribution and
fulfilment solutions that help its customers operate more
efficiently, drive revenue and offer personalized traveler
experiences. Through its leading travel marketplace, Sabre connects
travel suppliers with buyers from around the globe. Sabre's
technology platform manages more than $260B worth of global travel spend annually.
Headquartered in Southlake, Texas,
USA, Sabre serves customers in more than 160 countries around the
world. For more information visit www.sabre.com.
SABR-F
Contacts:
Media
Kristin Hays
kristin.hays@sabre.com
Heidi Castle
heidi.castle@sabre.com
sabrenews@sabre.com
Investors
Kevin
Crissey
kevin.crissey@sabre.com
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation