Travelocity

announced today that it named Michelle A. Peluso
as the company’s new president and CEO, replacing Michael S. (Sam) Gilliland. Peluso most recently served as the company’s chief operating officer.In a separate news release, Travelocity’s parent company, Sabre Holdings Corporation
, announced today that Mr. Gilliland
was named as that company’s new president and CEO and was also elected to its board of directors. Peluso will continue to report to Gilliland in that capacity.

“Michelle has a strong track record in online retailing and business innovation, as well as a natural entrepreneurial approach,” said Sam Gilliland. “Her combination of strategic vision, marketing savvy, and operational skill make her the right person to lead Travelocity into its next stage of growth.”

Peluso joined Travelocity in April 2002 as senior vice president, product strategy and distribution, where she launched the company’s fast-growing and innovative merchant hotel product and has overseen the build-out of the company’s dynamic packaging offering. In March 2003 she was named chief operating officer, overseeing all of Travelocity’s lines of business. Peluso also served as CEO of Site59(R) (www.Site59.com), the leading last minute travel Web site that was acquired by Travelocity in March 2002.

Peluso managed Site59 since its inception in November 1999, developing the concept into a distinct and innovative brand appealing to airlines, hotels, car rental companies and specialty providers worldwide. Under her guidance, the company launched a partnering strategy attracting valuable Internet providers to increase distribution of the company’s unique last-minute getaways. Previously, Peluso was a consultant at the Boston Consulting Group and served as a White House Fellow and Senior Advisor to the Secretary of Labor.

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