Sonder CEO Francis Davidson steps down; Chair Janice Sears named Interim CEO

Sonder Holdings Inc.

Francis Davidson resigns as CEO and director; Janice Sears appointed Interim CEO effective June 24, 2025.
Sears receives $60,000/month salary, $175,000 sign-on RSUs, and additional RSUs based on service months.
Davidson gets $2.2M cash severance, $32,730 COBRA benefit, and accelerated vesting of 74,492 performance options.
Board will initiate search for permanent CEO; transition follows completion of Marriott integration.
Sears steps down from Audit Committee; Michelle Frymire appointed Audit Committee Chair.

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