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DGAP-News: Photo Release -- Avis Budget Group Appoints Alun Cathcart to Board of Directors
ID: 491302
(firmenpresse) - Avis Budget Group, Inc.
30.09.2011 15:45
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PARSIPPANY, N.J., 2011-09-30 15:45 CEST (GLOBE NEWSWIRE) --
Avis Budget Group, Inc. (Nasdaq:CAR) (the 'Company') today announced the
appointment of Alun Cathcart to its Board of Directors effective October 3,
2011. Mr. Cathcart fills a newly created seat and will serve for a term
scheduled to end at the 2012 annual meeting of stockholders. With the addition
of Mr. Cathcart, the Company's Board is now comprised of ten members.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10718
Mr. Cathcart brings extensive international business and executive management
experience to the Company's Board of Directors as Chairman of Avis Europe plc
since 2004, a member of the Board of Avis Europe since 1997 and Chief Executive
of Avis Europe from 1983 through January 1, 1999. Prior to joining Avis Europe
in 1980, Mr. Cathcart held various executive positions over a career spanning
14 years in the transportation industry. Mr. Cathcart is currently Chairman
for Palletways Group Limited and Andrew Page Holdings, and a non-executive
director of Justice Holdings Limited.
'We are extremely pleased to welcome Mr. Cathcart to the Avis Budget Group
Board of Directors,' said Mr. Nelson, chairman and chief executive officer.
'Mr. Cathcart's extensive experience and deep understanding of our industry
will enhance the effectiveness of our Board.'
Mr. Cathcart is expected to be an independent director in accordance with
applicable NASDAQ rules and the Company's Director Independence Criteria.
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
The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress
CONTACT: Media
John Barrows
(973) 496-7865
PR(at)avisbudget.com
Investor Relations
Neal Goldner
(973) 496-5086
IR(at)avisbudget.com
News Source: NASDAQ OMX
30.09.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Avis Budget Group, Inc.
United States
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End of Announcement DGAP News-Service
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Datum: 30.09.2011 - 15:45 Uhr
Sprache: Deutsch
News-ID 491302
Anzahl Zeichen: 3832
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