Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a
technology-driven, next-generation marketplace in a $1 trillion
segment of the travel market, today announced the appointment of
Jesus Portillo as its new Chief Financial Officer (“CFO”) based in
the company's Austin, Texas headquarters effective immediately.
Mr. Portillo brings more than 20 years of
distinguished global experience, having served as a CFO for both
private and public organizations. He held senior finance roles
within WPP PLC (NYSE: WPP), a company with over $14 billion of
annual revenue, for 18 years, including CFO of multiple
subsidiaries across the United States, Latin America, and Europe.
Before his appointment to the CFO role at Mondee, Mr. Portillo held
the position of Global CFO at ThriveDX Digital Skills Training,
where he expertly managed the finance function, successfully
integrated acquisitions, and developed the finance team from the
ground up. Additionally, he led the compliance implementations of
controls and procedures, including those required under the
Sarbanes-Oxley Act of 2022, and played a key role in the
fundraising initiatives of the organization. Before that, he served
as the Chief Operating Officer of Ilumno Holdings, a private
equity-backed ed-tech company operating 17 universities. Mr.
Portillo holds an MBA from Northwestern University’s Kellogg School
of Management in Chicago as well as a degree in business
administration from Universidad de Sevilla in Spain.
"We are thrilled to welcome Jesus, a seasoned
global finance executive, to the Mondee family to lead the finance
function of the company during our new phase of growth. Jesus
brings a proven track record of delivering results and creating
value, and we are excited to work with him to accelerate Mondee's
sustainable growth. We look forward to Jesus’ leadership and
experience," said Mondee's Chairman, CEO, and Founder, Prasad
Gundumogula
"I am excited to join Mondee, a truly unique
organization that is transforming the travel industry with
extraordinary, disciplined, and profitable growth," said Mr.
Portillo. "I look forward to strengthening the company's finance
teams and functions, assisting in the integration of its ambitious
and accretive M&A strategy, and working with Prasad and the
Mondee team to build on the company's momentum," he continued.
Mr. Portillo is replacing Dan Figenshu, Mondee’s
former CFO, who will be assisting with the transition. Mr. Figenshu
played a significant role in preparing Mondee for public company
life and establishing accounting and finance operations, serving as
Mondee’s CFO since September 2021. "We would like to sincerely
thank Dan for his hard work and contribution," said Mr.
Gundumogula.
“It has been an honor and privilege to serve as
Chief Financial Officer of Mondee during a transformational time
for the company, including the process of taking the company
public,” said Mr. Figenshu.
ABOUT MONDEE Established in
2011, Mondee is a travel technology company and a modern travel
marketplace with its headquarters based in Austin, Texas. The
company operates 17 offices across the United States and Canada and
has core operations in India, Thailand, and Greece. Mondee is
driving change in the leisure and corporate travel sectors through
its broad array of innovative solutions. The company’s platform
processes over 50 million daily searches and generates a
substantial transactional volume annually. Its network includes
55,000+ leisure travel advisors and gig economy workers, 500+
airlines, and over one million hotels and vacation rentals, 30K
rental car pickup locations, 50+ cruise lines. The company also
offers packaged solutions and ancillary offerings that serve a
global customer base. On July 19, 2022, Mondee became publicly
traded on the Nasdaq under the ticker symbol MOND. For further
information, please visit: https://www.mondee.com.
Forward-Looking Statements:
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended. Forward-looking statements can be
identified by words such as: “believe,” “can”, “"may,” “expects,”
“intends,” “potential,” “plans,” “will” and similar references to
future periods. Examples of forward-looking statements include,
among others, statements we make regarding the Company’s future
growth, performance, business prospects and opportunities,
strategies, expectations, future plans and intentions or other
future events are forward looking statements. Such forward-looking
statements are subject to risks, uncertainties, and other factors,
which could cause actual results to differ materially from those
expressed or implied by such forward-looking statements.
Management believes that these forward-looking
statements are reasonable as and when made. However, the Company
cautions you that these forward-looking statements are subject to
risks and uncertainties, most of which are difficult to predict and
many of which are beyond the control of the Company. Factors that
may cause actual results to differ materially from current
expectations include, but are not limited to, the ability to
implement business plans and forecasts, the outcome of any legal
proceedings that may be instituted against the Company or others
and any definitive agreements with respect thereto, the ability of
the Company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees, the ability of the Company to
maintain compliance with Nasdaq’s listing standards, and other
risks and uncertainties set forth in the sections entitled “Risk
Factors” and “Cautionary Note Regarding Forward-Looking Statements”
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2022 filed with the U.S. Securities and Exchange
Commission (the “SEC”) and in the Company’s
subsequent filings with the SEC. There may be additional risks that
the Company does not presently know of or that the Company
currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements.
Nothing in this press release should be regarded
as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. In light of the significant uncertainties in these
forward-looking statements, you should not rely upon
forward-looking statements as predictions of future events. Except
as required by law, Mondee undertakes no obligation to update
publicly any forward-looking statements for any reason.
Media ContactsPublic Relationspr@mondee.com
Investor Relationsir@mondee.com
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