Despegar.com Announces Appointment of New Board Chairman
07 March 2019 - 10:00PM
Business Wire
Despegar.com, Corp. (NYSE:DESP), (“Despegar” or the “Company”),
the leading online travel company in Latin America, today announced
that Mr. Jason Lenga tendered his resignation as Board Chairman to
the Company’s Board Directors effective March 6, 2019. Mr. Lenga’s
resignation, a Tiger Global appointee, is reflective of the fund’s
significant reduction in its holdings of Despegar. Simultaneously,
Mr. Nilesh Lakhani, a current Director and Member of the Audit
Committee has been appointed Board Chairman of the Company. With
Mr. Lenga’s resignation, the Board is now comprised of 6
members.
Mr. Lakhani has served as an independent director of Despegar
since 2012. He has over 25 years of executive leadership experience
with growth companies in the US and emerging markets. He was
an Operating Partner at Lumia Capital LLC, an emerging markets
focused technology venture fund from 2015 to 2018. He previously
held key management positions with companies in the technology,
media and financial services industries, including CFO roles
at oDesk Corporation, Yandex (Nasdaq: YNDX), and CTC Media
(Nasdaq: CTCM). Prior to that, Mr. Lakhani was Vice President
of Global Operations at Electronic Arts. He also served as Senior
Vice President with Transamerica Corporation from 1991 to 1997 and
worked with GE Capital from 1984 to 1991. Mr. Lakhani received
a Bachelor of Arts in Economics from the University of Manchester
and a Master of Business Administration from the University of San
Francisco.
Commenting on the Board Chairman changes, Damian Scokin, CEO
stated, “We are extremely pleased to have Nilesh assume the Board
Chairman role. As a member of our Board since 2012, Nilesh has
extensive knowledge of our company. He also brings to the Company
an extensive background in technology as well as emerging markets.
We look forward to working with him in his new role. I would also
like to thank Jason for his years of service to our company, which
included taking us through our global initial public offering, and
the valuable insight he has provided over the years.”
“It has been an honor to serve as Board Chairman of Despegar. I
believe the Company has a world class management team and board of
directors and that the best is yet to come.” commented Jason
Lenga.
About Despegar.com
Despegar is the leading online travel company in Latin America.
With over two decades of business experience and operating in 20
countries in the region, Despegar accompanies Latin American
travelers from the moment they dream of taking a trip until they
share their memories of that trip. Thanks to the strong commitment
to technological development and customer service, Despegar offers
a tailor-made experience to more than 18 million customers.
Despegar’s websites and leading mobile apps, offer products from
over 300 airlines, more than 520,000 accommodation options, as well
as approximately 1,100 car rental agencies and approximately 240
destination services suppliers with more than 8,700 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/20190307005101/en/
Investor Relations ContactJavier Kelly
GrinnerInvestor RelationsPhone: (+5411) 5173 3501E-mail:
investorelations@despegar.com
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