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Wednesday, 15 January, 2020, 11 : 00 AM [IST]

Sabre appoints Karl Peterson as a new Chairman of the Board

Sabre has appointed Karl Peterson as Managing Partner of TPG Pace Group, which oversees investments in three publicly traded companies. Previously he co-founded and was president & CEO of Hotwire.com. He also serves as a director of Playa Hotels and Resorts and serves as Chairman of Accel Entertainment. 

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.  

“I have thoroughly enjoyed my time on Sabre’s Board of Directors and am proud of the progress Sabre has made during my tenure to achieve its vision of becoming the new marketplace for personalised travel,” said Kellner. He added, “At this time, however, I have decided to pare back certain responsibilities, including my role at Sabre. I am confident that under Peterson’s and Sean’s counsel and leadership, Sabre will continue to reshape the future of travel.” 

Sean Menke, President & CEO, Sabre 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.”
 
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