Sabre announces CEO succession plan
SOUTHLAKE, Texas, March 1, 2023 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company that powers the global travel industry, announced today that Sean Menke, currently Chair of the company's Board and its Chief Executive Officer, will transition to be solely Sabre's Executive Chair of the Board, effective April 27, 2023. At that time, Kurt Ekert, currently President of Sabre, will also become the company's Chief Executive Officer, reporting to the Board of Directors. Ekert has also been nominated as a director for election at Sabre's 2023 Annual Meeting, to be held on April 26, 2023. These moves are being made as part of the company's and the Board of Directors' ongoing succession planning.
- These moves are being made as part of the company's and the Board of Directors' ongoing succession planning.
- Menke joined Sabre in 2015 serving as president of its largest business division, before being promoted to CEO in late 2016.
- Ekert joined Sabre in January 2022 as President as part of the company's long term succession plans, as it split the role of president and CEO.
- Ekert responded, "I am proud to be stepping into the CEO role at Sabre and eager to continue to advance our strategy while fostering a winning culture of empowerment, innovation and performance.