Sabre Appoints Karl Peterson as Chairman

Sabre has appointed Karl Peterson as Chairman of the Board after Larry Kellner announced his decision to step down on Tuesday.

Kellner has stepped down so that he can focus on his new responsibilities as Chairman of the Board at Boeing. He will remain on Sabre’s Board until the annual stockholder meeting in April.

Sean Menke, Sabre’s President and CEO said, “I am excited to have Karl serve as our Chairman, as he has been an integral member of our Board of Directors for more than a decade. I speak on behalf of everyone at Sabre when I say that Larry will be missed. Larry’s vast experience in the aviation industry, as well as his board leadership experience have been invaluable to Sabre over the past seven years. Under his guidance, Sabre has embarked upon a transformational journey that we believe will fundamentally change the way we retail, distribute and fulfill travel.”

Peterson has served on Sabre’s Board of Directors since 2007 and served as lead independent director during 2017 when Kellner served as Executive Chairman.

In addition to his role as Chairman of the Board, Peterson has been appointed chairman of the Board’s Governance and Nominating Committee and Executive Committee, replacing Kellner.

A seasoned investor and former travel executive, Peterson serves as Managing Partner of TPG Pace Group, which oversees investments in three publicly traded companies. Previously he co-founded and was president and CEO of Hotwire.com. He also serves as a director of Playa Hotels and Resorts and serves as Chairman of Accel Entertainment.

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