Sabre Announces New Nominee for Election to its Board of Directors
Rhea-AI Summary
Sabre (NASDAQ: SABR) has nominated Ashan Willy as an independent director for election at the company's 2025 Annual Meeting scheduled for April 23, 2025. Willy, described as a highly-experienced executive in SaaS technology and platforms, is expected to join both the technology committee and compensation committee following his election.
Board Chair Gail Mandel expressed enthusiasm about Willy's nomination, highlighting his valuable technology expertise and potential contribution to advancing Sabre's strategy for enhancing shareholder value.
Positive
- Addition of experienced SaaS technology executive to strengthen board expertise
- Strategic move to enhance technology oversight through committee appointments
Negative
- None.
News Market Reaction
On the day this news was published, SABR declined 6.42%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We are excited about Ashan's nomination to join Sabre's board of directors and the valuable technology expertise he brings," said Gail Mandel, Chair of Sabre's board of directors. "We believe Ashan's experience and insights will augment the existing technology expertise of the board as we advance our strategy to enhance value for Sabre's shareholders. We look forward to his contributions in the years to come."
Following election, Willy is expected to join the technology committee and the compensation committee.
About Ashan Willy
Ashan Willy is the CEO of New Relic, Inc., the pioneer and leading company in the Observability space. Since 2023, he has led the company, focusing on customer success and innovation. Previously, he served as CEO of Proofpoint, Inc., one of the largest pure play cybersecurity companies in the market, where he managed a global workforce of over 4,500 employees, enhancing cybersecurity and compliance. His extensive leadership experience spans sales, engineering, product management, and global go-to-market strategies. Before Proofpoint, he held significant roles at Polycom, Juniper Networks, and WebEx (Cisco Systems). Willy's expertise includes international business, B2B services, marketing, technology, operations, and strategic risk management.
About Sabre Corporation
Sabre Corporation is a leading technology company that takes on the biggest opportunities and solves the most complex challenges in travel. Sabre harnesses speed, scale and insights to build tomorrow's technology today – empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Headquartered in Southlake, Texas,
SABR-F
Media Contact:
Cassidy Smith-Broyles
Cassidy.Smith-Broyles@sabre.com
sabrenews@sabre.com
Investor Contact:
Brian Roberts
brian.roberts@sabre.com
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation
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