x

Posted 08 March, 2022

Sabre Corp appointed new CEO

CEO Change detected for ticker Nasdaq:SABR in a 8-K filed on 08 March, 2022.


  On March 8, 2022, Sabre Corporation ("Sabre") announced that that Karl Peterson will retire as Chairman of the Board and that Sean Menke has been elected Chair of the Board and Chief Executive Officer, each effective as of April 28, 2022.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Sabre Corp
Technology • Software
Sabre Corp. is a software and technology company, which engages in technology solutions to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution, and software-as-a-service (SaaS) solutions. It operates through the Travel Solutions and Hospitality Solutions segments. The Travel Solutions segment provides global travel for suppliers and buyers through a business-to-business travel marketplace. The Hospitality Solutions segment provides software and solutions, through SaaS and hosted delivery models, to hoteliers around the world. The company was founded in December 2006 and is headquartered in Southlake, TX.
Market Cap
$1.61B
View Company Details
Sabre Corp by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On March 8, 2022, Sabre Corporation ("Sabre") announced that that Karl Peterson will retire as Chairman of the Board and that Sean Menke has been elected Chair of the Board and Chief Executive Officer, each effective as of April 28, 2022. Mr. Peterson's retirement as Chairman of the Board does not affect his position as a director of Sabre. Sabre also announced that Gregg Saretsky has been elected as independent Lead Director, effective as of April 28, 2022, with the duties set forth in Sabre's Corporate Governance Guidelines. The Board of Directors (the "Board") has approved an amendment to Sabre's non-employee director compensation program to provide for an additional annual cash retainer for the Lead Director in the amount of $50,000, effective April 28, 2022. 

In addition, on March 8, 2022, Sabre announced that Gary Kusin will retire from the Board, as well as from all Board committees on which he sits, immediately prior to Sabre's Annual Meeting of Stockholders, to be held on April 27, 2022. His decision to retire is not the result of any disagreement with Sabre or its management with respect to any matter relating to Sabre's operations, policies or practices. The size of the Board will be reduced to ten directors, effective upon his retirement from the Board. 

A copy of the press release announcing these items is included as Exhibit 99.1.