ARLINGTON, Va., April 28, 2011 /PRNewswire/ -- ARC's incoming president and CEO, Michael Premo, announced today the selection of Mark Meader to fill Premo's current position as vice president, business development, as part of the company's upcoming governance transition.
"Mark brings a deep knowledge of industry technology and product marketing to ARC along with lengthy experience with customers across the global travel industry spectrum from airlines to travel agents to hotels, car rental companies and more," Premo said. "I expect Mark to deepen our skills in understanding customer needs and more quickly getting the right products to them. I'm confident he will help speed ARC's evolution as a key source of valued products to not only our traditional airline and agent customers, but to the growing community of travel industry customers using ARC settlement and data services."
Meader accumulated over 20 years of experience at Sabre Holdings and its pre-spinoff parent American Airlines. His early work at Sabre began in account management and analyst roles, and he advanced to vice president, product marketing for Sabre's core services. He later led regional business development efforts for Sabre in the Asia-Pacific region, again as vice president, product marketing, based in Sydney, Australia and again in Europe while based in Dublin, Ireland. Most recently, Meader has been consulting for United Airlines in connection with its technology integration plan for the merger with Continental Airlines.
Meader, an avid traveler with a passion for history and experiencing diverse cultures, will join ARC in late May, in time for Premo's succession as ARC's president and CEO, after current president and CEO David R. B. Collins retires on June 9.
As the financial backbone of the travel industry, ARC enables commerce among travel agencies, airlines, and travel suppliers, and offers them secure and accurate financial settlement services. More than 16,000 travel agencies and 190 airlines use the company's transaction settlement services that, in 2010, totaled more than $77 billion in value. ARC also supplies transactional data to organizations, facilitating better business decisions through fact-based market analyses. Established in 1984, ARC is headquartered in Arlington, Va. For more information, visit www.arccorp.com.