TRX Announces Board and Executive Changes
TRX Names Trip Davis Chairman of the Board and Promotes shane Hammond to Chief Executive Officer
Management Change Highlights TRX Focus on Hosted Software in Travel Technology and Data Services
Atlanta. — TRX, Inc. (NASDAQ: TRXI), a global leader in travel technology and data services, named co-founder Trip Davis as Chairman of the Board and promoted Shane Hammond to President and Chief Executive Officer. Davis will serve as Co-Founder and Chairman, focusing on strategic priorities, industry relations, and product vision. Hammond will serve as President and CEO, running the company and focusing on execution. These roles are effective as of December 11, 2008.
“I am excited about the next chapter for TRX. I believe that now is the right time for Shane to take the reigns as President and CEO. He and I have worked together for six years, and we believe in each other. We are a formidable tandem. He is a no-nonsense leader with the rare combination of keen execution focus, stellar communications skills, and personable management style. In particular, he has a knack for simplifying product development in a client-centric context,” said TRX Co-Founder and Chairman Trip Davis. “Shane is an execution specialist firmly focused on the development and delivery of our hosted software for travel automation and analytics. He is poised to kick the TRX ‘engine’ into a higher gear on numerous fronts – scale, speed, consistency, and profitability. His focus is the heart of our transformation from a labor-intensive outsourcing company for a few, large clients to a more nimble and scalable travel technology and data services leader for many clients.”
A six-year veteran at TRX, Hammond has played a central role in the growth and transformation of TRX. He joined TRX in October 2002 as Client Partner to lead strategic client relationships and was promoted to Vice President, Client Services, in December 2003 and later to Executive Vice President in April 2005. In his role as Executive Vice President, Hammond launched a companywide, qualitative approach to TRX client relationship management and instilled numerous sales and marketing rigors in place today. In January 2007, Hammond was appointed, President, RESX Technologies, and led the overall management, product development, and delivery of TRX online booking, traveler profile management, and peripheral applications on a global basis. Prior to joining TRX in 2002, Hammond held executive positions at Maritz Travel Company and Carlson Wagonlit.
“Trip and I have complementary skill sets, and we are excited to free him up to focus on strategic priorities and industry relations. Trip is a true industry visionary. I am a strong believer in TRX as the global pacesetter and trusted expert in travel technology and data services, and I am honored and thrilled to lead this company,” said TRX President and CEO Shane Hammond. “We have a superb and tenured team, and we have made excellent progress through the clarity of focus on online booking (RESX), reservation processing (CORREX), and data intelligence (TRAVELTRAX and TRX Travel Analytics). I will continue to press hard on execution and simplification, all in the spirit of value for our clients and our shareholders.”
Davis co-founded TRX in December 1999 and has served as the CEO and a Board member for nine years. Over the past three years, he has led the dramatic transformation of the company from a process outsourcing company for a few, large clients to a hosted technology and data services company for many clients: through its IPO in September 2005, sale of its call centers to Tata in February 2006, acquisition of Travel Analytics in August 2006, acquisition of Hi-Mark Software in January 2007, and introduction of the TRAVELTRAX data reporting dashboards in February 2007.
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