Sabre Corporation, a Texas-based travel technology company, has announced that Greg Mondre, one of its board members, will retire from the board of directors at the end of this year. Mondre, who has been a member of Sabre board for the last four years, is currently serving as the managing partner and managing director with Silver Lake. His retirement will come into effect on 31 December 2018.
“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.
