#USA #Sabre Corporation #Southlake #Board of Directors #Karl Peterson

Sabre Corporation Announces Retirement of Karl Peterson

In a recent press release, Sabre Corporation (NASDAQ: SABR) made a significant announcement regarding the retirement of long-standing board member, Karl Peterson. After serving on the Board of Directors since March 2007, Peterson has decided not to seek reelection and will officially retire just before the company's 2025 annual meeting, which is scheduled for April 23.

In her statement, Gail Mandel, the Chair of Sabre’s Board, expressed profound gratitude for Peterson's contributions over his nearly two-decade tenure. "On behalf of the Board, I extend our deepest gratitude to Karl for his leadership and guidance throughout his tenure. Karl has been an integral member of the Board for nearly two decades, providing invaluable guidance and counsel for the leadership team and the Board alike. We wish him much success in the future," she stated.

Peterson, who served as Chair of the Board from January 2020 to April 2022 and Lead Director in 2017, reflected on his time with the company, saying, "It has been a privilege serving on Sabre's Board of Directors. Sabre has weathered unprecedented times during my tenure, and I am proud of where it stands today. I believe the company has made significant progress, especially over the last several years, and is well-positioned to achieve its vision."

Sabre Corporation has established itself as a leader in travel technology, utilizing its expertise to tackle the most complex challenges and seize major opportunities in the travel industry. The company prides itself on its ability to harness speed, scale, and insights to develop tomorrow’s technology that empowers airlines, hoteliers, travel agencies, and various partners across the globe to retail, distribute, and fulfill travel services efficiently.

Headquartered in Southlake, Texas, USA, Sabre operates on a global scale, serving customers in over 160 countries and continually adapting to the dynamic landscape of the travel industry. With a workforce that spans the globe, the retirements of key figures like Peterson signal a transition period as newer leaders step in to guide the company towards its future objectives.

The announcement indicates a moment of reflection for the company, considering Peterson's lasting impact during his service and the future direction of the board. As Sabre prepares for its upcoming annual meeting in April, stakeholders are keenly aware of the changes on the horizon and the ongoing evolution of the travel technology sector.

For further information about Sabre Corporation, its products, and leadership, visit their official website at www.sabre.com.