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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avis Europe | LSE:AVE | London | Ordinary Share | GB00B693LN18 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 314.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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Photos accompanying this release are available at http://www.globenewswire.com/newsroom/prs/?pkgid=10712
http://www.globenewswire.com/newsroom/prs/?pkgid=10713
http://www.globenewswire.com/newsroom/prs/?pkgid=10714
http://www.globenewswire.com/newsroom/prs/?pkgid=10715 "Our re-aligned management team brings proven leadership and a strong track record of strategic achievement and operational excellence to our new regional structure," said Ronald L. Nelson, chairman and chief executive officer, Avis Budget Group. "With the combined leadership teams and workforces of Avis Europe and Avis Budget Group, I believe that we are well positioned to compete as a truly global Company."
Mr. Gartland, Mr. Siniscalchi and Mr. Wyshner will continue to be based in Avis Budget Group's World Headquarters in Parsippany, N.J. Mr. De Shon will be based in the former headquarters of Avis Europe plc in Bracknell, U.K. All four will continue to report directly to Mr. Nelson. All other corporate functions, including Strategy, Legal and Human Resources, will also continue to report to Mr. Nelson.
These management changes will follow Avis Budget Group's acquisition of Avis Europe plc, which has operated the Avis and Budget brands in the EMEA regions, and the Avis brand in Asia, under licenses from Avis Budget Group. The acquisition, which will formally close on October 3, reunites the Avis and Budget brands under the global ownership of Avis Budget Group.
About Avis Budget Group, Inc.
Avis Budget Group is a leading global provider of vehicle rental services through its Avis and Budget brands. Upon completion of the acquisition of Avis Europe plc, Avis Budget Group will serve customers through more than 10,000 rental locations in approximately 175 countries around the world. Avis Budget Group has approximately 21,000 employees and is headquartered in Parsippany, N.J. For more information, visit www.avisbudgetgroup.com.
The Avis Budget Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8891
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "plans", and similar expressions or future or conditional verbs such as "will", "may" and "could" are generally forward-looking in nature and not historical facts. Investors and security holders are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this press release. Avis Budget does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this press release.
The photos are also available at Newscom, www.newscom.com, and via AP PhotoExpress.
CONTACT: Media John Barrows (973) 496-7865 PR@avisbudget.com Investor Relations Neal Goldner (973) 496-5086 IR@avisbudget.com
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