Despegar.com Announces Organizational Changes
July 16 2018 - 6:00AM
Business Wire
CFO Resigning and Appointed to the Board of
Directors, Controller Appointed Interim CFO
Board Commences Search for Permanent CFO
Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”)
a leading online travel company in Latin America, today announced
that Mike Doyle, the Company’s Chief Financial Officer, has
tendered his resignation effective August 31, 2018 and has accepted
a new position at a non-competing US-based company in order to
relocate closer to family. To ensure continuity, Mike has been
appointed member of the Board of Directors effective September 1,
2018. Despegar expects to release second quarter 2018 results and
hold its earnings conference call on or about August 16, 2018.
The Company’s Board of Directors has already begun a search for
a new Chief Financial Officer. In connection with Mr. Doyle’s
resignation, the Company announced the appointment of Ms. Maria
Bettina Zubin, as Interim CFO. Ms. Zubin is currently the Company’s
Controller. Previously she was employed at The Coca-Cola Company,
where she was most recently Director, heading the Buenos Aires
Delivery Center for the Americas. Ms. Zubin brings 25 years of
accounting and financial experience in positions of increasing
responsibility at large global companies. She holds Bachelor
degrees in Business Administration and Accounting from Buenos Aires
University and an M.B.A. from CEMA University.
Commenting on the announcement, Damian Scokin, Chief Executive
Officer, said, “On behalf of the Board of Directors, I thank Mike
for his contributions over the past five years including taking us
through the significant milestone of the Company’s Initial Public
Offering. In his upcoming role as a new member of the Board of
Directors, Despegar will benefit from his valuable insight as we
continue to grow the business.” Mr. Scokin further commented,
“Maria Bettina Zubin, with more than two decades of solid finance
experience will ensure a seamless transition while the Board
undertakes the search for a permanent CFO.”
Mike Doyle, commented, “I am proud of the strong position
Despegar has achieved as the leading OTA in Latin America and have
confidence in the Company’s talented team, solid strategy and
opportunities ahead. I am fully committed to ensuring a smooth
transition and look forward to continue working with the Company in
a new role as a Board member.”
About Despegar.com
Despegar is the leading online travel company in Latin America.
Operating across 20 countries, Despegar provides a broad suite of
travel products, including airline tickets, travel packages, hotel
bookings and other travel products to over 17 million customers.
With a mission “to make travel possible”, the Company’s one-stop
marketplace enables millions of users to find, compare, plan and
easily purchase travel services and products. Through Despegar’s
websites and leading mobile apps, it offers products from over 300
airlines, more than 450,000 accommodation options, as well as
approximately 1,000 car rental agencies and approximately 240
destination services suppliers with more than 7,700 activities
throughout Latin America. The Company owns and operates two
well-recognized brands, Despegar, its global brand, and Decolar,
its Brazilian brand. Despegar is traded on the New York Stock
Exchange (NYSE: DESP). For more information, please visit
www.despegar.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180716005197/en/
Investor RelationsDespegar.com, Corp.Javier Kelly, +54 11 5173
3501investorelations@despegar.com
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