Barnett, a highly regarded financial executive and business partner, will step down August 22
The company hires a veteran of the sector Mike Randolfi as his successor
SOUTH LAKE, Texas, July 28, 2022 /PRNewswire/ — Saber Corporation (NASDAQ: SABR), a leading software and technology company powering the global travel industry, today announced the retirement of its Chief Financial Officer. Doug Barnett. Barnett has been an integral part of Saber’s executive leadership team since 2018, when he joined the company as CFO. Barnett will be succeeded by Mike Randolfi who joins the company August 22. Barnett will remain with Saber until the end October 30 allowing a transition period between the two leaders.
Sean MenkeChairman of the Board and CEO of Sabre, 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 past four years. We appreciate the leadership . , partnership and financial acumen that he demonstrated, especially during the COVID-19 pandemic, as we took decisive steps to strengthen Sabre’s financial position, protect our team members, improve our business and provide continuity of service and supporting Saber customers for an unprecedented amount of time. Doug has been a great colleague and we wish him the best of luck 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 divestment of its AirCentre operations business, the strategic acquisitions of Radixx and Nuvola, the modernization of the company’s global billing systems , the rationalization of its real estate footprint and the development of the company’s multi-year financial prospects. 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 an industry veteran, Mike Randolfiwho plans to join the company August 22.
Menke continued, “Looking forward, I believe Mike’s industry experience and public company experience make him the ideal next CFO for Saber as we accelerate the execution of our strategic plans and we continue to focus on delivering long-term value to our shareholders. Mike is a highly respected and experienced Financial Leader in the travel and technology industries, including having led financial organizations at several publicly traded companies. A proven financial partner, Mike he also brings an operational focus that will be critical as we continue to position Saber for growth.”
“Sabre is 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 designed to create value for its shareholders by bringing value to its customers and ultimately to the end traveler. I look forward to joining the leadership team of this way. important moment and play a significant role in helping the company achieve its vision.”
about Mike Randolfi
Randolfi joins Saber from BFA Industries, where he served as CFO. Prior to this role, he served as CFO of Adtalem Global Education and Groupon, where he helped solidify the company’s strategy with a focus on execution and driving results. Prior to Groupon, Randolfi served as CFO at Orbitz Worldwide, where he drove a number of substantial operational improvements and was instrumental in the company’s eventual sale to Expedia.
Prior to Orbitz, Randolfi spent 14 years with Delta Air Lines in a variety of executive finance roles culminating in Senior Vice President, Controller. At Delta, he helped lead the analysis, integration and achievement of synergies associated with the merger with Northwest Airlines, a 14 billion dollars company
He has an MBA from Emory University Goizueta Business School and a degree in finance and accounting from the University of South Florida. Randolfi is also a certified public accountant.
The company too announced today he hired Garry Wiseman to be successful Wade Jones as the company’s Travel Solutions product manager, reporting to the company’s president Kurt Eckert. Wiseman will join Saber next month. Jones plans to step away from Saber at the end of September, following a transition period between the two leaders.
About Saber Corporation
Saber Corporation is a leading technology and software company that powers the global travel industry, serving a wide range of travel businesses including airlines, hotels, travel agencies and other suppliers. The company provides retail, distribution and fulfillment solutions that help its customers operate more efficiently, generate revenue and deliver personalized experiences to travelers. Through its leading travel marketplace, Saber connects travel suppliers with buyers around the world. Saber’s technology platform manages more than 260 million dollars value of overall annual travel expenditure. Based in Southlake, Texas, USA, Saber serves customers in more than 160 countries around the world. For more information visit www.sabre.com.
SOURCE Saber Corporation