Key Points
- Francis Davidson, co-founder of Sonder and CEO, has stepped aside from both the CEO position and the Board after a decade as the leader of the company.
- Janice Sears is the interim CEO of the company, and her tenure will not exceed six months.
- Davidson leaves Sonder as it prepares to integrate Marriott’s inventory through a significant 20-year licensing agreement.
You can read more about it here:
Francis Davidson, the co-founder of Sonder and its longtime CEO, has resigned his executive and board roles amid ongoing struggles at the company, and ahead of a major 20-year licensing agreement with Marriott. Janice Sears, board chairperson of Sonder, will serve as interim CEO up to six month. Davidson’s departure package includes significant cash and stock compensation. This marks a major change in leadership as Sonder seeks stabilization and repositioning itself within the hospitality sector.
