Mark Maddock, managing director UK and Ireland of lastminute.com, has stepped down amid speculation that parent, Sabre Corporation, is looking to sell lastminute.com.

The company released a statement: “We want to thank Mark for his contribution over the past years; and whilst it’s disappointing to lose a valued leader of the business, we will not be replacing Mark’s role - lastminute.com CEO Matthew Crummack is overseeing the overall business.”

Maddock joined lastminute.com in 2002 from Holiday Autos as hotel product director, before heading up the UK and Ireland operation in 2010.