Sean Menke
to retire from the Board immediately prior to Company's Annual
Meeting
SOUTHLAKE, Texas, March 5,
2024 /PRNewswire/ -- Sabre Corporation (NASDAQ:
SABR), a leading technology provider to the global travel industry,
today announced the election of Gail
Mandel, former Wyndham Worldwide executive and existing
Sabre Board member, to become non-executive Chair of the Board.
Mandel has served on Sabre's Board since April 2020. Her appointment as Chair of the Board
will be effective at the company's 2024 Annual Meeting, scheduled
for April 24, 2024.
"I am thrilled to serve as Chair of Sabre's Board at this
important phase of the company's strategic transformation," said
Mandel. "The travel ecosystem is dynamic with an abundance of
value-enhancing opportunities which I believe Sabre can capture
through its ongoing commitment to innovation and sustainable growth
strategies. I look forward to continuing to work with this
leadership team and Board to drive the future success of the
company."
In addition to serving as Chair of the Board, Mandel will serve
as Chair of the Corporate Governance and Nominating Committee and
as a member of the Compensation Committee.
"Gail brings a wealth of travel industry experience, financial
acumen and insight to this role, as well decades of experience
leading complex global companies through strategic change and
successfully delivering positive outcomes for stakeholders," said
Kurt Ekert, President, CEO and Board
member of Sabre. "Gail is the right choice to help guide this
company as we execute against our strategic priorities and achieve
our vision."
Mandel will succeed Sean Menke,
who is retiring from the Board immediately prior to the company's
2024 Annual Meeting. Menke currently serves as Sabre's Executive
Chair of the Board. Previously, he was appointed as President and
CEO of Sabre in 2016 and transitioned to the CEO and Executive
Chair roles in early 2022. These changes, along with those
announced last month, are being made as part of the Board's ongoing
focus on composition and succession planning.
"It has been an honor serving on Sabre's Board since 2016,"
added Menke. "Sabre has weathered unprecedented headwinds during
that time, and I am proud of the team's achievements, including the
successful execution of its technology transformation milestones
and the investment in, and delivery of, product innovations that
distinguish Sabre from the competition. I am confident that Gail,
the Board and this leadership team will continue to build upon
those achievements and deliver long-term value to Sabre's
investors, customers and other stakeholders."
"On behalf of the Board, I extend our deepest gratitude to Sean
for his leadership and guidance over the years," continued Ekert.
"His partnership with me and the leadership team and his Board
leadership have been invaluable as we developed and began executing
against our strategic priorities and took measures to position
Sabre for long-term success in this dynamic and evolving travel
industry. We wish him much success in the future."
About Gail Mandel
Ms. Mandel has served as a director of Sabre's Board since
2020. She 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 a
Director for Dave & Buster's Entertainment, Inc., a leading
owner and operator of high-volume entertainment and dining venues
as well as the Chairman of the Board and Chair of the Audit
Committee of PureStar, a private equity backed 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, a provider of professionally managed, unique vacation
accommodations. Ms. 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 Exchange &
Rentals, from January 2010 to
March 2014. From August 2006 to January
2010, Ms. Mandel was Senior Vice President, Financial
Planning & Analysis, for Wyndham Worldwide. From February 1999 to August
2006, Ms. Mandel was Division CFO/Controller, Cendant
Hospitality/Travel Services, and from October 1997 to February
1999, Ms. Mandel was Controller, Cendant Mobility.
About Sabre Corporation
Sabre Corporation is a leading software and technology company
that powers the global travel industry, serving a wide range of
companies, including airlines, hoteliers, travel agencies and other
suppliers. The company provides sales, distribution and fulfilment
solutions that help its customers operate more efficiently,
increase revenue and deliver personalized experiences to travelers.
Through its leading marketplace, Sabre connects travel suppliers
and buyers around the world. Headquartered in Southlake, Texas, Sabre serves customers in
more than 160 countries around the world. For more information,
visit www.sabre.com.
SABR-F
Contacts:
Media
Kristin Hays
Heidi Castle
sabrenews@sabre.com
Investors
Brian
Evans
Brian Roberts
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation
