Business
Yatra Online, Inc. Appoints Roshan Mendis to Board of Directors
Reaches Agreement with Maguire Investment Trust Gurugram, India and New York, New York--(Newsfile Corp. - January 19, 2022) - Yatra Online, Inc. (NASDAQ:
About this update from Yatra Online, Inc.
[{"type":"text","content":"Reaches Agreement with Maguire Investment Trust\nGurugram, India and New York, New York--(Newsfile Corp. - January 19, 2022) - Yatra Online, Inc. (NASDAQ: YTRA), India's leading corporate travel services provider and one of India's leading online travel companies today announced that it has entered into a cooperation agreement with Maguire Investment Trust (\"Maguire Investment\"), which owns 7.4% of the Company's outstanding common stock. As part of the agreement, Roshan Mendis will join Yatra's Board of Directors (the \"Board\") as an independent director, effective January 17, 2022. The Company also announced that Sean Aggarwal will retire from the Board effective January 18 due to other pressing commitments. Mr. Aggarwal has been a valuable member of the board since March 2018 and has served on numerous committees during his tenure. His retirement is not the result of any disagreement with the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices.\nMr. Mendis brings more than 20 years of experience in travel technology to Yatra's Board of Directors. He currently serves as Chief Commercial Officer of Sabre Travel Network. Previously, he served as president of Travelocity and Zuji, both consumer-facing brands that were part of the Sabre portfolio.\n\"We are pleased to reach this agreement with Maguire Investment and further strengthen our Board with the addition of Roshan,\" said Yatra's Board Chairman Muralidhara Kadaba. \"Roshan brings significant travel industry operating and leadership expertise that will complement the significant experience already present on our Board and we look forward to benefiting from Roshan's perspectives as Yatra continues executing its strategies to create long-term shareholder value. On behalf of the Board, I would also like to thank Sean Aggarwal for his many contributions as a non-executive director and wish him well.\"\nYatra's CEO Dhruv Shringi said, \"I look forward to working with Roshan and the other directors on our Board, as we continue advancing our multi-channel strategy and deliver results for shareholders. Amidst ongoing industry disruption and evolving consumer trends, we believe we are poised to capitalize on the accelerated shift by consumers to booking travel online and well positioned to deliver on growth and profitability p...