- Sabre ( NASDAQ: SABR ) announced Thursday the retirement of its chief financial officer, Doug Barnett, effective Aug. 22, 2022.
- Barnett will be succeeded by Mike Randolfi on the same date.
- "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," said Sean Menke, Sabre's CEO, and Chair of the Board of Directors.
- However, Barnett will remain with Sabre through Oct. 30 allowing for a period of transition between the two leaders.
- Stock is down 3% premarket , Thursday.
- Earlier: Sabre's Radixx portfolio selected by AirJapan for supporting its first commercial flight
For further details see:
Sabre's CFO Doug Barnett to step down