Despegar.com, Corp. (NYSE: NYSE:DESP), a prominent travel technology company in Latin America, disclosed today the unexpected death of board member and audit committee chairman Mario Eduardo Vasquez. Mr. Vasquez passed away from what appears to be natural causes on Sunday.
CEO Damian Scokin expressed the company's sorrow, recognizing Mr. Vasquez's vital contributions to Despegar, including his role in the firm's IPO in 2017. "Mario's dedication, professionalism, and warmth will be profoundly missed," Scokin stated, extending condolences to Mr. Vasquez's family and friends.
Mr. Vasquez had been part of Despegar's board since August 2014 and held notable positions in his career, including CEO of Grupo Telefónica in Argentina and a 33-year tenure at Arthur Andersen.
Following this event, Nilesh Lakhani, current Chairman of Despegar's Board, will serve as an interim audit committee member, with Michael James Doyle taking over as the committee's chair. The company is set to appoint a new board and audit committee member promptly.
Despegar, operating across 19 countries, has been a key player in revolutionizing Latin America's travel industry over the past two decades. The company's shares are listed on the New York Stock Exchange.
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