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Despegar Announces Appointment of New Board Member
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Despegar.com, Corp. (NYSE: DESP) has announced the appointment of Ramiro Lauzan to its Board of Directors, effective June 24, 2022. Lauzan, a Partner at L Catterton, will also serve on the Nomination & Compensation and Strategy committees. He replaces Dirk Donath, who resigned but will continue as an observer. Lauzan brings extensive experience from McKinsey & Company and is fluent in multiple languages. Despegar continues to lead the online travel market in Latin America, serving over 29 million customers across 20 countries.
Positive
Appointment of Ramiro Lauzan expected to strengthen the Board's expertise.
Lauzan's experience in private equity and consulting could enhance strategic decisions.
Negative
Resignation of Dirk Donath may create concerns about continuity in leadership.
Ramiro Lauzan Appointed to Despegar’s Board as well as Nomination & Compensation and Strategy Committees
Dirk Donath Resigned as Director and Will Continue to Serve as Observer of the Board
BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--
Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading online travel company in Latin America, today announced that Dirk Donath, a member of the board of directors of the Company appointed by LCLA Daylight LP, an affiliate of L Catterton Latin America III, L.P., has resigned as a director and member of the Board’s Nomination & Compensation and Strategy committees, effective June 24, 2022, in connection with a rotation by L Catterton of its appointed directors. Mr. Donath will continue to serve as an observer of the Board.
In connection with Mr. Donath’s resignation, L Catterton has appointed Ramiro Lauzan to the Board and to its Nomination & Compensation and Strategy committees, effective June 24, 2022. Mr. Lauzan previously served as an observer of the Board.
Mr. Lauzan is a Partner at L Catterton, focused on Latin America. Prior to joining L Catterton, he was a Managing Partner at Humus Capital Partners, an independent middle-market private equity firm he co-founded in South America, with investments in consumer goods, biotechnology and renewable energy. Previously, Mr. Lauzan spent over eight years at McKinsey & Company, where he served clients across multiple sectors in Latin America, Asia and Australia. Prior to that, he worked as an investment banker at Lehman Brothers and in venture capital at L.I.D. Group. Mr. Lauzan serves on the Board of Directors of several L Catterton portfolio companies, such as NotCo and CrediClub, and he is also a member of the Board of Directors of Biosidus Group and Embotelladora Metropolitana. He holds a Business Economics degree with honors from Universidad Torcuato Di Tella in Argentina, and an MBA from Columbia Business School (Yosaji Morita scholar). Mr. Lauzan is fluent in Spanish, English, Portuguese and German.
About Despegar.com
Despegar is the leading online travel company in Latin America. For over two decades, it has revolutionized the tourism industry through technology. With its continuous commitment to the development of the sector, Despegar today is comprised of a consolidated Group that includes Best Day, Viajes Falabella, Viajanet and Koin (the Company’s fintech business), in turn becoming one of the most relevant companies in the region and able to offer a tailor-made experience for more than 29 million customers.
Despegar operates in 20 countries in the region, accompanying Latin Americans from the moment they dream of traveling until they share their memories. With the purpose of improving people's lives and transforming the shopping experience, it has developed alternative payment methods and financing, democratizing access to consumption and bringing Latin Americans closer to their next travel experience. Despegar is traded on the New York Stock Exchange (NYSE: DESP). For more information, please visit www.despegar.com.
Forward-Looking Statements
This press release includes forward-looking statements. We base these forward-looking statements on our current beliefs, expectations and projections about future events and financial trends affecting our business and our market. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements. Forward-looking statements are not guarantees of future performance. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or to revise any forward-looking statements.
