|By Marketwired .||
|July 10, 2014 08:11 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/10/14 -- Editors Note: There is a photo associated with this press release.
GuestLogix Inc. (TSX: GXI), the leading global provider of onboard retail and payment technology solutions to airlines, rail operators and the passenger travel industry, today announced the appointment of Stephen M. Clampett as an independent director on its Board of Directors, effectively immediately. The appointment of Mr. Clampett expands the board to 6 directors, 3 of whom are now independent directors.
"Steve's more than 30 years of expansive airline and travel technology experience is a considerable asset to GuestLogix' Board," said GuestLogix President & CEO, Brett Proud. "Having been a leader of one of the largest and fastest growing airline IT businesses in the industry, he brings an unprecedented amount of knowledge and perspective to help guide GuestLogix through this next chapter of our story."
Mr. Clampett was one of the founders of Sabre Airline Solutions, and most recently served as President, Airline Products and Solutions for Sabre Holdings completing his tenure in 2012. Clampett was instrumental in helping build and grow Sabre's airline information technology (IT) business, which today services approximately 225 airlines through a variety of Software as a Service (SaaS) and hosted technology solutions. His success in raising the Company's profitability through organic growth and strategic initiatives while overseeing a total of 8 key acquisitions during his time at Sabre has made Clampett one of the most respected business minds in the Airline IT industry. Prior to his leadership roles at Sabre Airline Solutions, he spent 8 years as a Senior Vice President at Sabre leading a global team of over 1,000 business and technology professionals. Clampett also spent 11 years at AMR (former parent company of American Airlines) in various management positions, including the role of Vice President, American Airlines Decision Technologies.
"Throughout each stage of my career in aviation technology, I have been fortunate to be aligned with real thought-leaders that have transformed the industry in extremely sizeable ways," said Clampett. "There is no question that GuestLogix has been a transformative leader throughout the past decade, but I am equally certain that the Company is on the verge of leading another immense change, both within the airline space and elsewhere. I am absolutely thrilled to be a part of this new chapter."
"On behalf of the entire Board, I am thrilled to welcome Steve Clampett to GuestLogix' Board of Directors," said GuestLogix Chairman, Leo Desrochers. "Steve has extraordinary technology and business expertise and will no doubt bring indispensable support to GuestLogix."
Mr. Clampett holds several advanced degrees from the University of Missouri as well as an MSc in Industrial Administration from Purdue University. He also serves on the Boards of the University of Missouri College of Arts and Sciences Strategic Development Board and the University of Texas at Dallas School of Management, Supply Chain Management Industry Advisory Board. He currently resides in Farmer's Branch, Texas just outside of Dallas.
GuestLogix Inc. (TSX: GXI), is a global leader in comprehensive retail solutions delivered to the passenger travel industry, both onboard and off-board. Bringing over a decade of expertise as the industry's most trusted onboard transaction processing partner to airlines, rail operators and elsewhere in the passenger travel industry, GuestLogix powers the industry's growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, inflight entertainment and self-service retail experts, the Company provides the payment services touching over 1 billion travelling consumers each year. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong. More information is available at www.guestlogix.com.
© 2014 GuestLogix. All Rights Reserved.
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on May 12, 2014 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
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