SOUTHLAKE, Texas, Sept. 11, 2018 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR) today announced that Greg Mondre plans to retire from its board of
directors, effective December 31,
2018.
Mondre is a managing partner and managing director with Silver
Lake and has served on Sabre's board of directors since
March 2007. He currently serves as a
member of both the compensation committee and the executive
committee of the board.
"Greg recognized the potential of Sabre's industry leadership
when he helped lead the take-private transaction of the business in
2007," said Larry Kellner, Sabre
chairman of the board. "Since that time, his experience and
business acumen have been key contributors to our success, helping
position the company for continued growth going forward. I want to
thank Greg for his service over the past 11 years, which will
continue to have a lasting impact on the company for years to
come."
"Greg's contributions on our board have been invaluable," added
Sean Menke, Sabre president and CEO.
"I am personally grateful for his perspective and partnership
during my transition to CEO in early 2017, and I wish him well in
the future."
In connection with Mondre's retirement, the size of board will
be reduced to ten directors, and Joe
Osnoss will be appointed to the compensation committee and
the executive committee of the board, effective December 31.
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.
SABR-F
Media contact:
sabrenews@sabre.com Investor
contact: sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation