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SiteMinder appoints independent non-executive Directors, formally pursues IPO

  Posted in Press Releases



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Pat O’Sullivan and Jenny Macdonald bring deep business and industry expertise to the company’s roster of diverse leaders

Sydney, Australia – SiteMinder, the world’s leading open hotel commerce platform, has formally appointed Pat O’Sullivan and Jennifer (Jenny) Macdonald as independent, non-executive Directors, and today lodged its prospectus with the Australian Security and Investments Commission (ASIC) as it formally pursues an Initial Public Offering (IPO).

Pat and Jenny’s appointments, which mark the start of more independent Directors at SiteMinder over the coming years, will further strengthen governance and bring additional diversity to SiteMinder’s Board.

Pat O’Sullivan is assuming the role of independent Chair, having had over 30 years of commercial and business management experience, holding various senior financial and operational roles in Ireland, the United States, Australia and New Zealand. Pat spearheaded national brands like Optus and Nine Entertainment and is currently on the Board of ASX-listed carsales.com, Afterpay and TechnologyOne.

Pat says, “SiteMinder’s ability to remain resilient during the disruption to the global travel industry is testament to the importance and relevance of its technology for the hotel industry. Having worked closely with technology companies over the years, I recognise the strong potential of SiteMinder to maintain its position as a global leader and only continue growing its presence in global markets. I am delighted to be a new member of the Board and look forward to helping steer the direction of SiteMinder, alongside CEO Sankar Narayan and the rest of the Board and management team.”

Jenny Macdonald is assuming the role of Audit and Risk Committee Chair, and also brings years of experience with several executive financial and general management roles across a range of industry sectors. She has a successful track record with the Boards of ASX-listed companies, which include Bapcor, Redbubble, Australian Pharmaceutical Industries and Healius.

Sankar Narayan, CEO of SiteMinder, says, “We are excited to welcome two very accomplished independent Directors to our Board. Their wealth of experience in public company leadership, coupled with their financial expertise, deep market knowledge and industry acumen, will only further strengthen our Board. Additionally, their diverse experience and strategic direction will be of immense value as we continue to be resolute in our vision to support the changing needs of our customers as the travel market evolves.”

Pat O’Sullivan and Jenny Macdonald will serve alongside Sankar Narayan and three other existing Board members: Mike Ford, Co-Founder and Non-Executive Director; Paul Wilson, Non-Executive Director, People and Culture Chair; and Les Szekely, Non-Executive Director.

About SiteMinder
SiteMinder is the world’s leading open hotel commerce platform, empowering hotels and accommodation providers to sell, market, manage and grow their business. SiteMinder’s innovative online platform offers hotels and accommodation providers a comprehensive range of products and solutions to manage and streamline the distribution of their rooms across a wide selection of direct and indirect channels, take bookings from guests and communicate with guests. The global company, headquartered in Sydney with offices in Bangkok, Berlin, Dallas, Galway, London and Manila, generated more than 100 million reservations worth over US$35 billion in revenue for hotels in the last year prior to the start of the pandemic.

About Pat O’Sullivan
Pat has extensive experience as a Director of both listed and unlisted entities. Pat is currently the non-executive Chair of carsales.com Limited (ASX:CAR), deputy Chair of TechnologyOne and a non-executive Director of Afterpay Limited (ASX:APT). He was previously a non-executive Director of APN Outdoor (ASX: APO), iSentia (ASX:ISD), Marley Spoon (ASX:MMM), iSelect (ASX:ISU) and iiNet (ASX: IIN).

Pat has more than 30 years’ commercial and business management experience, including holding various senior financial and operational roles in Ireland, the United States, Australia and New Zealand across a number of industries including traditional and online media, telecommunications, fast moving consumer goods and professional accounting. He was the Chief Financial Officer of Optus from 2001 to 2006 and was the Chief Operating Officer and Finance Director of Nine Entertainment Co Pty Limited from 2006 until 2012.

Pat is a member of the Institute of Chartered Accountants in Ireland and Australia. He is a graduate of the Harvard Business School’s Advanced Management Program.

About Jenny Macdonald
Jenny has a background in financial and general management roles across a range of industry sectors including fast moving consumer goods, resources, travel and digital media. Jenny was previously Chief Financial Officer and Interim Chief Executive Officer at Helloworld Travel and Chief Financial Officer and General Manager International at REA Group.

Jenny is currently non-executive Director of Bapcor Limited (ASX:BAP), Redbubble (ASX:RBL), Australian Pharmaceutical Industries (ASX:API) and Healius Limited (ASX:HLS).

Jenny is a member of the Institute of Chartered Accountants ANZ, has a Masters of Entrepreneurship and Innovation from Swinburne University and is a Graduate member of the Australian Institute of Company Directors.

Important Notice
This announcement has been prepared for release in Australia and is not for distribution in the United States.

This announcement does not constitute or form part of an invitation, offer or recommendation to sell, or a solicitation of an offer to buy, securities in SiteMinder in any jurisdiction (including the United States).

Any offer of securities in SiteMinder under the SiteMinder IPO will be made under the prospectus lodged with ASIC. Anyone wishing to acquire securities will need to complete the application form that will be in or will accompany the prospectus. The prospectus will be publicly available, through the SiteMinder website for the offer, as detailed in the prospectus. A person should consider the prospectus in deciding whether or not to acquire securities in SiteMinder.

The securities of SiteMinder referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (U.S. Securities Act) or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States, except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and the securities laws of any applicable state or other jurisdiction of the United States.

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