Sabre CEO resigning this year
Saturday, 21 Jun, 2016
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The CEO of Sabre Corp announced he is stepping down this year.
Tom Klein, who has been with the Dallas based company for more than two decades, said in a statement he would leave by the year-end.
"We have transformed Sabre into a dynamic software company and the business is positioned for continued consistent growth, so my successor will have a strong hand to play," Klein said.
"By making this announcement now, the Board of Directors will have ample time to identify a successor as we work through a smooth transition to keep the company’s growth plans and our customer deliverables on course."
Klein began his career at American Airlines in a variety of sales and marketing roles before moving to Sabre when the two companies were both part of the AMR Corporation.
He was appointed Sabre president in 2010 and later CEO in 2013.
Klein will remain in the hot seat while the company conducts a formal search for a successor.
"During this transition period it will be business as usual for Sabre’s customers, employees, and suppliers as the Board works to identify a successor," said Larry Kellner, chairman, Sabre board of directors.
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