SOUTHLAKE, TEXAS - Sabre Corporation, a leading software and technology company that powers the global travel industry, today announced that Wade Jones, EVP and chief product officer of its Travel Solutions business, has elected to depart the company. He will be succeeded by Garry Wiseman, who will join the company on August 1. Jones will remain with Sabre for a period of transition, before officially stepping away this fall.
“Wade has been a vital member of Sabre’s executive leadership team over the past seven years,” said Kurt Ekert, the company’s president. “We appreciate his impact on our strategy and culture, especially during times of transformation, both as president of the company’s distribution business and in recent years as our chief product officer in travel solutions. Wade was instrumental in building our product organization and designing an industry-leading product portfolio that will help enable Sabre to deliver on its promise for personalized travel. I am thankful for the legacy that he has created at Sabre.”
Wiseman will join the company August 1 and brings over 25 years of product, technology and digital leadership experience in developing and operating large-scale platforms at some of the world’s most innovative technology companies, including Dell, eBay, Microsoft, Nautilus and Salesforce.
Ekert continued, “Garry is a deeply accomplished executive with a proven track record of building and scaling high-growth products in both B2C and B2B environments. He will be an integral member of our leadership team as we further invest in our value propositions, develop cutting-edge technologies that serve new and existing customers, and execute against our vision to be the premier global technology platform in travel.”
Wiseman stated, “I’m truly thrilled to be joining the global Sabre family. This is a pivotal time in the travel industry and we need to be highly innovative to meet the changing needs of our customers. This is why I’m honored to work with the teams here to define and deliver the best-in-class technologies that will elevate the end-to-end travel experience.”
Sabre announces retirement of its Chief Financial Officer, Doug Barnett
Also, Sabre Corporation announced the retirement of its chief financial officer, Doug Barnett. Barnett has been an integral part of Sabre’s executive leadership team since 2018 when he joined the company as its CFO. Barnett will be succeeded by Mike Randolfi who joins the company on Aug. 22. Barnett will remain with Sabre through Oct. 30 allowing for a period of transition between the two leaders.
Sean Menke, Sabre’s Chair of the Board of Directors and CEO, said, “On behalf of the Board of Directors and our executive leadership team, I would like to thank Doug for his dedication and contributions over the last four years. We are grateful for the leadership, partnership and financial acumen he demonstrated, especially during the COVID-19 pandemic, as we took decisive steps to strengthen Sabre’s financial position, protect our team members, enhance our business, and provide continuation of service and support to Sabre’s customers during unprecedented times. Doug has been a great colleague and we wish him well in his retirement.”
During his tenure at Sabre, Barnett oversaw finance, accounting, treasury, investor relations, corporate development, real estate and facilities. He led several critical efforts for the company, including complex capital market transactions, the successful divestiture of its AirCentre operations business, the strategic acquisitions of Radixx and Nuvola, the modernization of the company’s global billing systems, rationalization of its real estate footprint, and the development of the company’s multi-year financial outlook. Also known as a leader focused on culture and teamwork, Barnett leaves behind a strong financial leadership team at the company.
Barnett will be succeeded by industry veteran, Mike Randolfi, who plans to join the company on Aug. 22.
Menke continued, “Looking ahead, I believe Mike’s industry expertise and public company experience make him the ideal next CFO for Sabre as we accelerate the execution of our strategic plans and continue to focus on delivering long-term value to our stockholders. Mike is a highly respected and experienced financial leader in the travel and technology industries, including having led finance organizations at several publicly traded companies. A proven financial partner, Mike also brings an operational focus that will be critical as we continue to position Sabre for growth.”
“Sabre sits at the intersection of travel and technology, which is an exciting place to be at this point in the global recovery,” said Randolfi. “I believe the company is well-positioned and has a strategic plan in place that is designed to create value for its shareholders by delivering value to its customers and, ultimately, the end traveler. I look forward to joining the leadership team at such an important time and to playing a meaningful role in helping the company achieve its vision.”