1. Sabre nominated Ashan Willy as an independent director for 2025. 2. Willy brings extensive SaaS and technology expertise to the board. 3. His nomination aims to enhance shareholder value and technology strategy. 4. Willy previously led New Relic and Proofpoint, focusing on innovation. 5. He will join Sabre's technology and compensation committees if elected.
The addition of an experienced director like Willy may foster innovation and strategic initiatives that can attract investors. Historical examples include Board enhancements leading to stock price appreciation in tech firms.
The positive introduction of a seasoned technology executive could drive innovation and operational effectiveness, boosting SABR’s appeal to investors.
While the immediate price effect may be minimal, the long-term strategic direction brought by Willy could significantly benefit Sabre's market position over time. Similar cases in tech firms show lasting impact after board enhancements.
SOUTHLAKE, Texas, March 11, 2025 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading global travel technology company, today announced that Sabre's board of directors has nominated Ashan Willy, a highly-experienced executive in SaaS technology and platforms, as an independent director for election at Sabre's 2025 Annual Meeting, to be held on April 23, 2025.
"We are excited about Ashan's nomination to join Sabre's board of directors and the valuable technology expertise he brings," said Gail Mandel, Chair of Sabre's board of directors. "We believe Ashan's experience and insights will augment the existing technology expertise of the board as we advance our strategy to enhance value for Sabre's shareholders. We look forward to his contributions in the years to come."
Following election, Willy is expected to join the technology committee and the compensation committee.
Ashan Willy is the CEO of New Relic, Inc., the pioneer and leading company in the Observability space. Since 2023, he has led the company, focusing on customer success and innovation. Previously, he served as CEO of Proofpoint, Inc., one of the largest pure-play cybersecurity companies in the market, where he managed a global workforce of over 4,500 employees, enhancing cybersecurity and compliance. His extensive leadership experience spans sales, engineering, product management, and global go-to-market strategies. Before Proofpoint, he held significant roles at Polycom, Juniper Networks, and WebEx (Cisco Systems). Willy's expertise includes international business, B2B services, marketing, technology, operations, and strategic risk management.
Sabre Corporation is a leading technology company that takes on the biggest opportunities and solves the most complex challenges in travel. Sabre harnesses speed, scale, and insights to build tomorrow's technology today – empowering airlines, hoteliers, agencies, and other partners to retail, distribute, and fulfill travel worldwide. Headquartered in Southlake, Texas, USA, with employees across the world, Sabre serves customers in more than 160 countries globally. For more information, visit www.sabre.com.
Cassidy Smith-Broyles
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Brian Roberts
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SOURCE Sabre Corporation