Mondee CEO Takes Leave of Absence as Company Expects Nasdaq Delisting


Mondee

Skift Take

Another travel startup that debuted in a SPAC has had its comeuppance.

The CEO of Mondee, a booking platform for travel agents, took a leave of absence as the company faces delisting from the Nasdaq stock exchange. 

The company issued a press release on Tuesday that said CEO Prasad Gundumogula would be taking leave effective November 25, while remaining as chairman of the company’s board. Mondee's CFO, Jesus Portillo, was appointed as CEO and a member of the board. 

The press release noted a letter