After 28 years with the company, Travelport president and CEO Gordon Wilson is stepping down from his position. The company's board of directors has named industry veteran Greg Webb Travelport CEO, effective August 1. Webb will also join the company's board.
In a statement, Wilson said, "I celebrated 28 years with the company in May and have been president and CEO since 2011. It is time for me to hand over to someone else to run this business, and the recent change in ownership of Travelport is the right occasion for this to happen."
Webb was most recently senior vice president and general manager of travel technology solutions provider Oracle Hospitality. Before that, he was vice chairman at Sabre, where he spent 20 years of his career. He held various executive positions there across product development and marketing, ultimately leading Sabre Travel Network. He was also the chief information officer at BellSouth and a member of the board of directors at Zyston, a security advisory firm.
Travelport was recently acquired by affiliates of Siris Capital Group and Evergreen Coast Capital Corp. in a cash transaction worth around $4.4 billion (including the assumption of about $2 billion in debt).
"I firmly believe that Travelport's new investors, Siris Capital and Evergreen Coast Capital, will be good for the company and I am delighted to be handing over to an executive as well tenured and experienced in travel technology as Greg Webb," Wilson said.
John Swainson, executive chairman of Travelport and Siris executive partner, said Wilson made "an enormous contribution to Travelport" during his years with the company.