BNET Industries

Market Cap:$1.2B
Last Fiscal Year Sales:$5.9B
  • Public
  • US
Dow Jones Description

We will be a leader in the vehicle rental industry by focusing on customers, our people, growth, innovation and efficiency. All of these elements will drive bottom line success and show that Avis and Budget are stronger together than they could be alone.

Chairman of the Board of Directors and Chief Executive Officer
Ronald L. Nelson
Number of Employees 17,000
Contact Information

6 Sylvan Way

Parsippany, New Jersey 07054

cendant.com

(973) 496-3500

NAICS Code Passenger Car Rental: 532111

Recent Events

  • MKM Partners Initiates Coverage on Hertz Global HTZ & Avis Budget Group CAR

    11/06/09 - Bond / Stock Rating - View Story

  • Driving for Business, Rental Fleets Go Green

    11/05/09 - Financial Announcement - View Story

  • Avis Budget Group Plans to Announce Third Quarter Results on

    10/15/09 - Financial Announcement - View Story

  • TALF loan requests approach $50B even as interest builds in ABS deals outside of the...

    10/14/09 - Bond / Stock Rating - View Story

  • Beware of Penny-Stock Profits

    8/27/09 - New Investment - View Story

  • DTAG leaves rivals in dust

    8/06/09 - Financial Announcement - View Story

News & Analysis

avis budget group inc. and seeking alpha - All News and Analysis

Decision Makers

Name (plus bio) Position
F Robert Salerno President & Chief Operating Officer
Anthony L. Berger COO
Brett Weinblatt Senior Vice President and Chief Accounting Officer
David B. Wyshner Chief Financial Officer
Larry Kinder CIO & Executive Vice President
Linda C. Coughlin Chief Administrative Officer
Mary LeBlanc CIO
Brien McMahon Executive Vice President, Real Estate Sales
Doug Patterson Executive Vice President, Franchisee Operations, Intl
Joel R. Buckberg General Counsel & Executive Vice President
Karen Sclafani Executive Vice President
Larry De Shon Executive Vice President, Operations
Mark J. Servodidio Executive Vice President, Human Resources
Michael Jalbert Executive Vice President
Patric Siniscalchi Executive Vice President of International Operations
Samuel L. Katz Senior Executive Vice President, Business Development
Scott Deaver Executive Vice President of Strategy
Thomas M. Gartland Executive Vice President, Sales & Marketing
Thomas P. Bernardo Executive Vice President, Franchise Sales
Vincent Ventura Executive Vice President
Becky Alseth Senior Vice President of Marketing
Birgit Gentile Senior Vice President, Franchise Admin
Cheryl D. Mills Senior Vice President
Doug Benedict Senior Vice President
Edward Gitlitz Senior Vice President of Fleet Services
Elliot Bloom Senior Vice President, Corp Communications
Jean M. Sera Senior Vice President & Secretary
Jean Thomas Senior Vice President, Marketing
Kaye E. Ceille Senior Vice President of Global Travel and Partnership Sales
Kirsten Hotchkiss Senior Vice President
Peter Menges Senior Vice President
Robert Bouta Senior Vice President, Properties & Facilities Department
Robert Lambert Senior Vice President, Commercial Sales
Samuel J. Levenson Senior Vice President, Investor Relations
Terry E. Kridler Senior Vice President & Treasurer
Tobia Ippolito Senior Vice President, Finance
William F. Brown Senior Vice President and General Counsel
Cosmo Corigliano Vice President
Denise L. Gillen Vice President, Finance Relations
Elizabeth Harraway Vice President, Corp Communications
John Turato Vice President of Technology
Kevin Rupert Vice President, Strategy & Development, Cendant Hotel Group
Lynn Boccio Vice President, Strategic Business & Diversity Relations
Mark Panus Vice President, Communications, Public Affairs
Mary Ledbury Vice President of Technology
Michael Schiff Vice President, Intl Strategy
Peter Tosches Vice President, Corp Communications
Richard Roberts Vice President, Communications
Ted Deutsch Vice President, Corp Communications
Scott Forbes Senior Executive Vice President & Group Managing Director, Cendant EMEA
Alison Sedney Director, Communications
Beth Bortnek Director, Finance
David Chugg Senior Director, Hotel Solutions
David Siroty Director, Public Relations
Frank Gramo Director, Strategic Business & Diversity Relations
Greg Thibault Director of Turnback Operations and E-Channel Fleet Sales
Jason Silfies Marketing Director
Jill Brenner Director, Corp Communications
Julian Cacchioli Director, Communications
Kathy Borruso Director, Corp Communications
Mark Broadhurst Director, State & Govt Relations
Matthew Saravay Director of Business Development
Steven Alessandrini Director, Public Relations
Todd Smith Director, Corp Communications
Chau Nguyen Senior Manager, Communications
Dustin Collins Manager, DBE Compliance Reporting
Emanuel Naim Manager, Media Relations
Eric Mangan Senior Manager, Public Relations
Gretchen Moen Corp Brand Manager
Helen Gunter Manager, Marketing
Jennifer Auchterlonie Manager, Marketing
Jessica Roy Manager, Corp Communications
Sarah Berger Manager, Corp Communications
Alice Brown
Avis Budget
Bruce Zipf
Chad Ladov
David Horowitz
Doris B. Nash
Edwin Cabaccang
Howard Wolfson
Jim R Gillespie
John Barrows
Kathy Pruett
Kevin J Kelleher
Louise T Blouin
Lyndelle Abela Program Coordinator, Strategic Business & Diversity Relations
Michael Chepiga
Michael R Good
Neil Gulley
Preben Vestdam
Ray Shepherd
Rick Munson
Robert Becker
Staci Enneguess
Stender E. Sweeney Financial Advisor
Steven Pearson
Susan Pettit Senior Procurement Specialist, Strategic Business & Diversity Relations
Terry Kearney
Vickie Flores
William S. Cohen Secretary
Christine Gray Dezarn Director
Jack Hardy Director
Louise T Blouin MacBain Director
Nick Depaolo Director
Paul Hastings Director
Kevin Greene Member

Board of Directors

Name (plus bio) Position
Ronald L. Nelson Chairman of the Board of Directors and Chief Executive Officer
Brian Mulroney Board of Directors
Eduardo Mestre Vice Chairman, Evercore Partners, Member: Board of Directors
James E. Buckman Vice Chairman
John D. Hardy Jr. Board of Directors
Leonard S. Coleman Jr. Board of Directors
Lynn Krominga Board of Directors
Martin L. Edelman Board of Directors
Mary C Choksi Board of Directors
Robert Coggin Vice Chairman
Robert W. Pittman Board of Directors
Sheli Z. Rosenberg Board Director
Virginia M. Wilson Board of Directors

Ronald L. Nelson has served as a member of the Hanesbrands board since July 2008. Nelson has been chairman and chief executive officer of Avis Budget Group, Inc. since August 2006. Avis Budget Group, Inc. is the legal successor to Cendant Corporation, which split into three separate public companies as of Aug. 1, 2006. Prior to the split, Nelson was a director of Cendant Corporation from April 2003, chief financial officer from May 2003 until August 2006, and president from October 2004 to August 2006. Nelson was also chairman and chief executive officer of Cendant Corporation’s vehicle rental business from January 2006 to August 2006. From December 2005 to April 2006, Nelson was interim chief executive officer of Cendant Corporation’s former travel distribution division. From April 2003 to May 2003, Nelson was senior executive vice president, finance. From November 1994 to March 2003, Nelson was co-chief operating officer of DreamWorks SKG. He was also executive vice president, chief financial officer and a director at Paramount Communications, Inc., formerly Gulf + Western Industries, Inc.

Organization Position Status
Budget Group, Inc. Chairman and CEO Current
Budget Rent A Car System, Inc. Chairman of the Board, Chief Executive Officer and Director Current
Avis Budget Group, Inc. Chairman of the Board of Directors and Chief Executive Officer Current
Hanesbrands Inc. Board of Directors Current
Convergys Corporation Board of Directors Current
Avis Budget Group, Inc. President Former
DreamWorks SKG Co-Chief Operating Officer Former
Paramount Communications Cfo Former
Avis Budget Group, Inc. Chief Financial Officer Former
Paramount Communications Executive Vice President Former
Avis Budget Group, Inc. Operator Former
Avis Budget Group, Inc. Director Former
Paramount Communications Director Former
University of California, Los Angeles MBA Former
University of California, Berkeley bachelor's degree Former

F. Robert Salerno is president and chief operating officer (COO) of Avis Budget Group, overseeing domestic and international operations for both the Avis and Budget brands. Mr. Salerno was named COO in October 2005 following the announcement by Cendant Corporation to separate into four independent, publicly traded companies, one of which is Avis Budget Group. From 2003-2005 he led Cendant's vehicle rental services division as chief executive officer after serving as president and chief operating officer of Avis Rent A Car from 1996 through 2002, and then as president and chief operating officer of Cendant Car Rental Group from November 2002 to June 2003. Mr. Salerno's entire business career has been in the rental car industry, having served in a series of managerial and executive positions of increasing responsibility with Avis after starting his career with another car rental company. He was appointed vice president of Avis' eastern region in 1982 and vice president of zone development in that same year. He was promoted to vice president of field operations in 1987, and in July 1990 was named senior vice president and general manager of Avis. In 1995, he was named executive vice president of operations. He earned a bachelor's degree from Marquette University in 1972. A native of Springfield, Massachusetts, Mr. Salerno lives with his wife and daughter in Katonah, New York.

Organization Position Status
Avis Budget Group, Inc. President & Chief Operating Officer Current
Avis Budget Group, Inc. Director Current
Midwestern Wheels Inc. Coo Former
Avis Budget Group, Inc. Executive Vice President, Operations. Former
Avis Budget Group, Inc. General Manager Former
Marquette University Bachelor's Degree Former

Organization Position Status
Avis Budget Group, Inc. COO Current
American Hotel & Lodging Association board member Current
Syracuse University master's degree in marketing Former
Hobart and William Smith Colleges bachelor's degree Former

Organization Position Status
Budget Group, Inc. Senior Vice President and Chief Accounting Officer Current
Avis Budget Group, Inc. Senior Vice President and Chief Accounting Officer Current
Budget Rent A Car System, Inc. Controller & Senior Vice President Current
Avis Rent A Car System, LLC Controller & Senior Vice President Current

David B. Wyshner is executive vice president and chief financial officer of Avis Budget Group, Inc. In that role, he is responsible for all company financial activities, including financial reporting, tax and treasury functions, planning and analysis, investor relations, capital structure strategy, financing transactions, mergers and acquisitions, commercial and investment banking relationships, and insurance and risk management. In addition, Mr. Wyshner oversees the company's information technology and public relations functions. Prior to joining Avis Budget Group, Mr. Wyshner was executive vice president and treasurer of Cendant Corporation, which was Avis Budget's parent company prior to 2006. At Cendant, Mr. Wyshner was responsible for the company's treasury and purchasing functions worldwide. Mr. Wyshner joined Cendant in 1999 and, before being appointed treasurer, served as Cendant's executive vice president for finance, planning and development. In this role, he had enterprise-wide responsibility for budgeting, capital planning, analysis of business plans, and integration planning for potential acquisitions and other strategic transactions. Prior to joining Cendant, Mr. Wyshner worked for eight years in Merrill Lynch & Co.'s investment banking division, specializing in corporate finance and mergers and acquisitions. Mr. Wyshner received his bachelor's degree magna cum laude from Yale University and his master's degree in business administration from The Wharton School of the University of Pennsylvania, where he was a Palmer Scholar.

Organization Position Status
Avis Budget Group, Inc. Chief Financial Officer Current
Avis Rent A Car System, LLC CFO Current
Budget Rent A Car System, Inc. CFO Current
Avis Budget Group, Inc. Executive Vice President, Finance Current
PHH Corporation chief financial officer Former
Merrill Lynch & Co., Inc. vice president Former
Wharton Graduate School of the University of Pennsylvania master's degree in business administration Former
Yale University bachelor's degree magna cum laude Former

Organization Position Status
Avis Budget Group, Inc. CIO & Executive Vice President Current
Phh Arval chief operating officer Former
University of Pittsburgh master of science (MURP) Former
The Pennsylvania State University bachelor of science degree Former

Organization Position Status
Avis Budget Group, Inc. Chief Administrative Officer Current
Linkage Inc. Former
American Express Company Former
Scudder and Company, Inc. Former
Preferred Alliance Group Former

Organization Position Status
Budget Group, Inc. Senior Vice President and CIO Current
Avis Budget Group, Inc. CIO Current
Budget Rent A Car System, Inc. CIO & Senior Vice President Current
Avis Rent A Car System, LLC CIO & Senior Vice President Current
Budget Group, Inc. Data Processing Executive Current
Midwestern Wheels Inc. Current
Avis Budget Group, Inc. Senior Vice President Former
Pharmacia Corporation Vice President, Global Commercial It Former
American Cyanamid Company Vice President of Global It, Agricultural Products Business Former
ARCO business systems analyst Former
Atlantic Richfield Company Business Systems Analyst Former
American Home Products Corporation Former
University of California, Los Angeles Master’S Degree In Business Administration Former
Stanford University Bachelor’S Degree In Human Biology Former

Organization Position Status
Avis Budget Group, Inc. Executive Vice President, Real Estate Sales Current

Organization Position Status
Avis Budget Group, Inc. Executive Vice President, Franchisee Operations, Intl Current

Organization Position Status
Avis Budget Group, Inc. General Counsel & Executive Vice President Current
Baker, Donelson, Bearman, Caldwell & Berkowitz, PC Current
Nfc, Inc. chairman Current
Vanderbilt University doctor of laws degree and master's degree in business administration Former
Union College bachelor's degree cum laude Former

Organization Position Status
Avis Rent A Car System, LLC General Counsel & Executive Vice President Current
Budget Group, Inc. Executive Vice President and General Counsel Current
Avis Budget Group, Inc. Executive Vice President Current
Budget Rent A Car System, Inc. General Counsel & Executive Vice President Current
Midwestern Wheels Inc. Current
Budget Group, Inc. General Counsel Former
New York University JD Former
New York University School of Law Jd Former
Le Moyne College BA Former

Organization Position Status
Budget Group, Inc. Executive Vice President of Operations Current
Avis Budget Group, Inc. Executive Vice President, Operations Current
UAL Corporation Senior Vice President of Airport Operations Former
UAL Corporation Customer Service Representative Former
University of Missouri-Kansas City Bachelor Degree In Communications and Sociology Former
University of Missouri Bachelor Degrees In Both Communications and Sociology Former

Organization Position Status
Budget Rent A Car System, Inc. Executive Vice President, Chief Human Resource Officer Current
Avis Budget Group, Inc. Executive Vice President, Human Resources Current
Avis Rent A Car System, LLC Executive Vice President, HR Current
Budget Rent A Car System, Inc. Executive Vice President, HR Current
Budget Group, Inc. Executive Vice President of Human Resources Current
Midwestern Wheels Inc. Current
Kraft Foods Inc. Hr, Nabisco Division's Sales and Supply Chain Unit Former
Nabisco Head of Human Resources Former
Budget Group, Inc. Human Resources Executive Former
PepsiCo, Inc. Leadership Roles Former
Frito-Lay, Inc. Leadership Roles Former
Pepsi-Cola Former
Villanova University Master of Sciences Degrees Former
Villanova University Bachelor of Arts Former

Organization Position Status
Avis Budget Group, Inc. Executive Vice President Current
Avis Budget Group, Inc. NA Former
CDI Corp. NA Former

Patric Siniscalchi is executive vice president of international operations at Avis Budget Group. He oversees all of the company's operations outside the United States, including operations in Canada, Australia, New Zealand, Puerto Rico, the Virgin Islands and the Latin American / Caribbean region. Prior to this position, he served as senior vice president and general manager of the International Division. He has been involved in Avis International since 1980 when he accepted a two-year assignment in Australia. Mr. Siniscalchi joined Avis in 1971 as an accountant and progressed through a variety of management positions within the company. Mr. Siniscalchi, his wife Reba, and their two sons live in Greenlawn, New York. He is a graduate of Fordham University with a Bachelor of Science degree in Accounting.

Organization Position Status
Budget Group, Inc. Executive Vice President, International Operations Current
Avis Budget Group, Inc. Executive Vice President of International Operations Current
Budget Rent A Car System, Inc. Senior Vice President & General Manager, Intl Current
Avis Rent A Car System, LLC Senior Vice President & General Manager, Intl Current
Midwestern Wheels Inc. Current
International Division Senior Vice President and General Manager Former
Avis Budget Group, Inc. General Manager, International Division Former
Avis Budget Group, Inc. Accountant Former
Fordham University Bachelor of Science Degree In Accounting Former

Organization Position Status
Avis Budget Group, Inc. Senior Executive Vice President, Business Development Current

Organization Position Status
Budget Rent A Car System, Inc. Executive Vice President, Strategy Current
Avis Rent A Car System, LLC Executive Vice President, Strategy Current
Avis Budget Group, Inc. Executive Vice President of Strategy Current
Budget Group, Inc. Executive Vice President, Strategy Current
Midwestern Wheels Inc. Current
Avis Budget Group, Inc. Vice President of Corporate Marketing Former
Budget Group, Inc. Marketing Executive Former
The University of Texas at Austin Ph.D and Master of Arts in English Former

Tom Gartland is executive vice president of sales and marketing for Avis Budget Group. In this role, he oversees the development of all revenue-generating activities and senior level customer interactions for the company, including responsibility for the marketing, domestic and international sales (commercial, insurance replacement, truck, global travel and partnerships), as well as small business and contact center functions of Avis Budget Group. Mr. Gartland has more than 28 years of sales and leadership experience. Prior to Avis Budget Group, he worked for 14 years with JohnsonDiversey, Inc. based in Racine, Wisconsin. As president of Johnson's North American region, he led businesses that generated $1 billion in annual revenues. Mr. Gartland also served as vice president and director of national accounts with Ecolab, Inc., where he worked for 14 years. He received a bachelor's degree in business administration/marketing from the University of St. Thomas in St. Paul, Minnesota.

Organization Position Status
Avis Budget Group, Inc. Executive Vice President, Sales & Marketing Current
Budget Group, Inc. Executive Vice President, Sales and Marketing Current
JohnsonDiversey, Inc. Reg President Former

Organization Position Status
Avis Budget Group, Inc. Executive Vice President, Franchise Sales Current

Organization Position Status
Avis Budget Group, Inc. Executive Vice President Current
Avis Budget Group, Inc. Global Tax Director Former
Seton Hall University School of Law Jd Former
Fairleigh Dickinson University M.B.A. Former
New York University School of Law Llm In Taxation Former
William Paterson University Undergraduate Degree In Accounting Former

Becky Alseth is senior vice president of marketing for Avis Budget Group, overseeing all marketing activities for Avis Rent A Car System, LLC and Budget Rent A Car System, Inc. Ms. Alseth is responsible for leading the development of both Avis and Budget marketing strategies designed to build brand image, customer loyalty and market share. Ms. Alseth joined the company in 2003 as vice president of brand marketing. She has held marketing positions at Therasense, Inc., move.com, United Distillers & Vintners and Nestle. Ms. Alseth holds a Bachelor's of Science degree from Montana Tech and a Master's degree in Business Administration from the University of Washington.

Organization Position Status
Budget Group, Inc. Senior Vice President, Marketing Current
Avis Budget Group, Inc. Senior Vice President of Marketing Current
Budget Rent A Car System, Inc. Senior Vice President, Marketing Current
Avis Rent A Car System, LLC Senior Vice President, Marketing Current
TheraSense, Inc. Former
University of Washington Master's Degree In Business Administration Former
Montana Tech Bachelor's of Science Degree Former

Organization Position Status
Avis Budget Group, Inc. Senior Vice President, Franchise Admin Current

Ms. Mills, age 41, has been a director of Realogy Corporation since August 2006 and served as a director of Realogy Corporation's predecessor parent company, Cendant, since June 2000. It is expected that Ms. Mills will continue as a Cendant director until completion of the final distribution, at which time Ms. Mills will resign as a director of Cendant and continue in her role as a director for Realogy Corporation. Ms. Mills is senior vice president, general counsel and secretary for New York University. From May 2002 to February 2006, Ms. Mills served as senior vice president and counselor for operations and administration for New York University. From October 1999 to November 2001, Ms. Mills was senior vice president for corporate policy and public programming of Oxygen Media, Inc. From 1997 to 1999, Ms. Mills was deputy counsel to the former president of the United States, William J. Clinton. From 1993 to 1996, Ms. Mills also served as associate counsel to the president, and as deputy general counsel of the Clinton/Gore Transition Planning Foundation.

Organization Position Status
Realogy Corporation Senior Vice President, General Counsel and Secretary of Nyu Current
Avis Budget Group, Inc. Senior Vice President Current
New York University Senior Vice President Current
New York University Secretary Current
Realogy Corporation Director Current
Co-Operations Inc Senior Vice President Former
Oxygen Media, LLC Senior Vice President Former
New York University General Counsel Former
Co-Operations Inc Counselor Former
Avis Budget Group, Inc. Director Former

Organization Position Status
Avis Budget Group, Inc. Senior Vice President Current

Organization Position Status
Budget Group, Inc. Senior Vice President, Fleet Services Current
Avis Budget Group, Inc. Senior Vice President of Fleet Services Current
Avis Rent A Car System, LLC Senior Vice President, Fleet Services Current
Budget Rent A Car System, Inc. Senior Vice President, Fleet Services Current
Midwestern Wheels Inc. Current
Avis Budget Group, Inc. Operations Management and Sales Positions Former
Baruch College Bachelors of Business Administration In Management Former

Organization Position Status
Avis Budget Group, Inc. Senior Vice President, Corp Communications Current

Organization Position Status
Avis Budget Group, Inc. Senior Vice President & Secretary Current

Organization Position Status
Avis Budget Group, Inc. Senior Vice President, Marketing Current

Kaye E. Ceille is senior vice president of global travel and partnership sales for Avis Budget Group. In this role, Ms. Ceille leads the Company's efforts to drive growth with domestic and international travel distribution partners. These include airline and hotel partnerships, association and affinity partners, the federal government, travel agencies and electronic distributors. Most recently, as vice president of global travel and partnerships, Ms. Ceille was the driving force behind generating incremental revenue and signing new partnerships such as AARP, Carlson Wagonlit and Delta Air Lines. Ms. Ceille joined the Avis Budget team in Parsippany in 2003 as vice president of travel industry relations where she led the development and implementation of a dual-brand strategy and directed domestic travel industry sales for both Avis and Budget. She began her industry career with Budget Rent A Car as a sales manager in 1997. During her tenure with Budget, she was promoted to positions of increasingly greater responsibility, including director of national accounts and regional director of sales. Ms. Ceille received a Bachelor of Business Administration degree from St. Norbert College in De Pere, Wisconsin, and earned a Master's degree in business administration from Loyola University in Chicago, Illinois.

Organization Position Status
Budget Group, Inc. Senior Vice President of Global Travel and Partnership Sales Current
Avis Budget Group, Inc. Senior Vice President of Global Travel and Partnership Sales Current
Budget Group, Inc. Vice President of Travel Industry Relations Former
Budget Rent A Car Sales Manager Former
Loyola University Master's Degree In Business Administration Former

Organization Position Status
Avis Budget Group, Inc. Senior Vice President Current

Organization Position Status
Avis Budget Group, Inc. Senior Vice President Current
Fastwired Board of Directors Current
Next Jump Inc Chief Marketing Officer Former
Time Warner Inc. Former
Hamilton College B.A. Former

Bob Bouta is responsible for the management and construction for all Avis and Budget airport and urban locations throughout the United States, Canada, Australia, New Zealand and the Caribbean. He has direct oversight of supplier diversity efforts at all of Avis Budget Group's domestic airport locations. Bob is a twenty-five year veteran in the real estate and airport business with previous positions at APCOA, Airport Logistics and the Welsh Companies, and another car rental company. Bob is a graduate of the University of Minnesota with a degree in Political Science and earned a Juris Doctor cum laude from William Mitchell College of Law. He is admitted to the bar in both Minnesota and New York.

Organization Position Status
Avis Budget Group, Inc. Senior Vice President, Properties & Facilities Department Current
William Mitchell College of Law Juris Doctor Cum Laude Former
University of Minnesota Degree In Political Science Former

Bob Lambert is senior vice president of commercial sales for Avis Budget Group, Inc., the parent company of Avis Rent A Car, Budget Rent A Car and Budget Truck Rental. Named to this position in April 2004, Mr. Lambert leads all of Avis Budget Group's commercial sales efforts in North America, leading a large team of professionals dedicated to providing outstanding service to accounts in the corporate, local market, insurance replacement and truck rental segments. As the leader of the North American commercial sales team, Mr. Lambert has overseen the growth and development of the Company's sales organization with a focus on listening to the customer and tailoring the various products and services the Company offers to meet the unique needs of each customer. Mr. Lambert also played a key leadership role in the integration and formation of the unified Avis Budget sales organization following the acquisition of Budget Rent A Car in 2002. Prior to his current position, Mr. Lambert served in roles of increasing responsibility within the Company's sales organization including District Sales Manager, National Account Manager and as Vice President of Sales, Western Region. He also previously held sales roles in consumer products with Texas Instruments, Inc. Mr. Lambert is married and has two sons. He graduated with a Bachelors degree from Texas Tech University in Lubbock, Texas.

Organization Position Status
Budget Group, Inc. Senior Vice President, Corporate Sales Current
Avis Budget Group, Inc. Senior Vice President, Commercial Sales Current
Budget Rent A Car System, Inc. Senior Vice President, Corp Sales Current
Avis Rent A Car System, LLC Senior Vice President, Corp Sales Current
Midwestern Wheels Inc. Vice President Sales, Western Region Former
Midwestern Wheels Inc. District Sales Manager Former
Avis Budget Group, Inc. National Account Manager Former
Midwestern Wheels Inc. District Sales Representative Former
Texas Tech University Bachelors Degree Former

Organization Position Status
Avis Budget Group, Inc. Senior Vice President, Investor Relations Current

Organization Position Status
Avis Budget Group, Inc. Senior Vice President & Treasurer Current

Organization Position Status
Avis Budget Group, Inc. Senior Vice President, Finance Current

William F. Brown serves as Senior Vice President, General Counsel and Corporate Secretary of PHH Corporation. Mr. Brown has served as Senior Vice President and General Counsel of Cendant Mortgage since June 1999 and oversees its legal, secretarial, contract, licensing and regulatory compliance functions. Mr. Brown also serves on Cendant Mortgage's Executive Quality Control Committee. From June 1997 to June 1999, Mr. Brown served as Vice President and General Counsel of Cendant Mortgage. From January 1995 to June 1997, Mr. Brown served as Counsel in the PHH Corporate Legal Department.

Organization Position Status
Avis Budget Group, Inc. Senior Vice President and General Counsel Current
PHH Corporation General Counsel, Secretary & Senior Vice President Current
PHH Corporation General Counsel Former

Organization Position Status
Avis Budget Group, Inc. Vice President Current

Organization Position Status
Avis Budget Group, Inc. Vice President, Finance Relations Current

Organization Position Status
Avis Budget Group, Inc. Vice President, Corp Communications Current

John Turato is Vice President of Technology at Avis Budget Group, the world's second largest general-use rent a car company. He is responsible for Technology Strategy, Architecture, R&D, Infrastructure, Data Security, and Field Engineering. Turato was Director of e-Business Strategy at Avis before assuming his current position in February of 2001. Prior to joining the company, Turato was with SIAC, supporting the New York Stock Exchange (NYSE), and Lockheed Martin, supporting the Trident II Submarine Program. Turato has been an Adjunct Professor at New York Institute of Technology and has also taught at Hofstra University and City University of New York (CUNY).

Organization Position Status
Avis Budget Group, Inc. Vice President of Technology Current
Opentravel Alliance Board of Directors Current
New York Institute of Technology Adjunct Professor Former
Siac Former
Hofstra University Former
NYSE Group, Inc. Former
Lockheed Martin Corporation Former

Organization Position Status
Avis Budget Group, Inc. Vice President, Strategy & Development, Cendant Hotel Group Current

Lynn Boccio heads the supplier diversity team at Avis Budget Group and oversees the Disadvantaged Business Enterprise Program at Avis and Budget's two hundred and thirty-eight airport locations, as well as the company's corporate world headquarters in Parsippany, New Jersey. Lynn is involved in several outreach activities designed to increase supplier diversity and community relations both nationally and in the New York Metropolitan Area. She is presently the Chairperson of the Board of Directors of the Women Presidents' Educational Organization and the 2nd Vice Chair of the Airport Minority Advisory Council. In addition, Lynn serves on the Board of Directors of the Women's Business Enterprise National Council. Lynn has held numerous other positions on other regional and national boards and committees that advocate for minority and woman businesses. Lynn has been repeatedly awarded for the excellence she displays in the Supplier Diversity field. In 1999 she became the first woman ever to be honored by the Long Island Hispanic Chamber of Commerce. That same year, Minority Business News USA selected Lynn to appear in the limited special edition "Best of the Decade in Supplier/Workforce Diversity 1990-2000" for her contributions over the previous 10 years in the area of minority business. She was awarded the 2002 Women & Diversity Award from America's Athletes with Disabilities. Lynn has also made various television appearances on "Hispanic Business Today," a weekly program on WNBC-TV in New York, and was MBE Advocate of the Year in New York City at the New York New Jersey Minority Purchasing Council's Annual Partnership Awards Gala. In 2004, Lynn received the prestigious Award of the Chair of the Airport Minority Advisory Council, recognizing Lynn's outstanding, direct and personal contributions toward the success of AMAC. Avis Budget Group has also recognized her twice for her outstanding work at making the Avis and Budget brands more diverse. Prior to joining Avis in 1996, Lynn practiced as a defense attorney with one of the nation's leading law firms. She is a former prosecutor who worked for tele vision personality "Judge Judy," and as Assistant Corporation Counsel for the City of New York, she defended the City in high profile cases. On top of her role with Avis Budget Group, Lynn is a faculty member at The National Institute of Trial Advocacy at Hofstra University School of Law in Hempstead, NY. Lynn holds a Bachelor of Science Degree from Ohio State University and a Juris Doctor from the Hofstra University School of Law. She is fluent in Spanish and lives on Long Island with her two daughters.

Organization Position Status
Avis Budget Group, Inc. Vice President, Strategic Business & Diversity Relations Current
Hofstra University Law School Member Current
Women's Business Enterprise National Council Board of Directors Current
Hofstra University Law School Juris Doctor Former
The Ohio State University Bachelor of Science Degree Former

Organization Position Status
Avis Budget Group, Inc. Vice President, Communications, Public Affairs Current

Mary Ledbury is the Vice President of Practice Services and a Principal of Maxwell IT. In her role, Ms. Ledbury is responsible for the architecture and delivery of all service offerings, and overseeing all aspects of client support. She is a technology and healthcare industry veteran, with a 24-year record of architecting and implementing software and services. Prior to joining Maxwell IT, some of her previous positions include: VP of Technology for Travelport, a Cendant Company, Chief Technology Officer for Phycom Corporation, a disease management/care management software firm. Ms. Ledbury has successful built global project teams to deliver complex systems and solutions. She holds a Masters of Business Administration from the University of Washington and a Bachelor of Science degree from Bowling Green State University. Ms. Ledbury holds patent number 6,266,675 for the dynamic definition and control of application behavior and user interface.

Organization Position Status
Avis Budget Group, Inc. Vice President of Technology Current
Maxwell IT, LLC Vice President of Practice Services Current
her Best Practice Series Vice President of Practice Services Current
Maxwell IT, LLC Principal Current
University of Washington Masters of Business Administration Former
Bowling Green State University Bachelor of Science Degree Former

Organization Position Status
Avis Budget Group, Inc. Vice President, Intl Strategy Current

Organization Position Status
Avis Budget Group, Inc. Vice President, Corp Communications Current

Organization Position Status
Avis Budget Group, Inc. Vice President, Communications Current

Organization Position Status
Avis Budget Group, Inc. Vice President, Corp Communications Current

Organization Position Status
Avis Budget Group, Inc. Senior Executive Vice President & Group Managing Director, Cendant EMEA Current

Organization Position Status
Avis Budget Group, Inc. Director, Communications Current

Organization Position Status
Avis Budget Group, Inc. Director, Finance Current

Organization Position Status
Avis Budget Group, Inc. Senior Director, Hotel Solutions Current

Organization Position Status
Avis Budget Group, Inc. Director, Public Relations Current

Frank Gramo joined Avis and Budget in January 2003 and continues to support the organization's Disadvantaged Business Enterprise and Corporate Supplier Diversity programs. After completing a thirty year corporate procurement and business development career, Frank became President of Creative Business Development. During his five-year tenure there, Frank developed innovative processes to reduce costs, improve productivity and increase small business market share. Having established a vast network of corporate, community and entrepreneurial relationships, he specialized in developing and implementing business initiatives. Recognized as an advocate for small business, Frank has been honored by the New York / New Jersey Minority Purchasing Council on three separate occasions. He received their most prestigious award "Advocate of the Year." He is also a recipient of the "100 Most Influential" award, presented by City News of New Jersey.

Organization Position Status
Avis Budget Group, Inc. Director, Strategic Business & Diversity Relations Current

As the director of turnback operations and e-channel fleet sales for the Avis Budget Group, Greg brings over 25 years of rental industry experience, and more than 20 years in the "fleet" side of the business. He entered the rental car industry in 1982 at Alamo Rent ACar in Denver, CO, and then spent more than 10 years with Avis Budget Group, the majority of it at ABG headquarters in fleet administration. Greg also served as ABG's manufacturer liaison in the area of manufacturer sale processes and wholesale processes. He is currently responsible for negotiating all manufacturer repurchase program guideline implementations and has spearheaded several major manufacturer guideline overhauls to enhance process productivity. Greg oversees all ABG E-Channel/Internet Wholesale processes including upstream, real time and sourcing, and is involved in ABG used car acquisition process to supplement the risk fleet.

Organization Position Status
Avis Budget Group, Inc. Director of Turnback Operations and E-Channel Fleet Sales Current
Conference of Automotive Remarketing Director of Turnback Operations and E-Channel Fleet Sales Current

Organization Position Status
Avis Budget Group, Inc. Marketing Director Current

Organization Position Status
Avis Budget Group, Inc. Director, Corp Communications Current

Organization Position Status
Avis Budget Group, Inc. Director, Communications Current

Organization Position Status
Avis Budget Group, Inc. Director, Corp Communications Current

Organization Position Status
Avis Budget Group, Inc. Director, State & Govt Relations Current

Organization Position Status
Ises NYC President and CEO of Wizard Studios North Current
Avis Budget Group, Inc. Director of Business Development Current
Wabc Advertising Manager Current
Ises NYC Director Current
Polo Ralph Lauren Corporation Former
Citifinancial Former
HarperCollins Publishers Inc. Former
G & M Co., Inc Former
Sesame Workshop Former
Univision, Inc. Former

Organization Position Status
Avis Budget Group, Inc. Director, Public Relations Current
Systems, Inc. Former

Organization Position Status
Avis Budget Group, Inc. Director, Corp Communications Current

Organization Position Status
Avis Budget Group, Inc. Senior Manager, Communications Current

Dustin Collins is the Manager of DBE Compliance. In this capacity, he maintains compliance on each of Avis and Budget's more than two hundred and eighty airport locations throughout the United States. Consequently, Dustin prepares government-mandated reports on a monthly, quarterly, and fiscal basis to inform the national airport authorities of Avis Budget Group's commitment to excellence in the field of supplier diversity. This requires Dustin to review, quantify and analyze spending with diverse suppliers. Dustin is also Lynn's and ABG's liaison with all airport officials, as well the Federal Aviation Administration ("FAA"), the Department of Transportation ("DOT") and Homeland Security.Dustin works and advocates extensively with the FAA and DOT with respect to all federal rules and regulations that impact Avis and Budget's federal compliance on airport as well state laws that contravene and/or affect same. Additionally, Mr. Collins handles special assignments, such as drafting legal memorandums, position papers, speeches and presentations for senior management on various issues of concern. Mr. Collins, handles the Department's responses in bid documents for Avis and Budget to requests for proposals ("RFP") put out by National Airports. This entails, review, preparation of bid documents and drafting pre-bid questions to ask airports to clarify, modify and/or amend an RFP, so as to ensure compliance on airport. Mr. Collins also handles all 2nd tier reporting that Avis and Budget's fortune 500 corporate clients contractually require. This provides the Sales Department and the corporate clients with Avis Budget's diversity expenditures that are attributable to the specific client as 2nd tier diversity spend with minority and women owned and certified businesses. Mr. Collins was selected to serve on the Airport Minority Advisory Council's Legal Committee under Bill Kirk where he monitors and reports on cases, legislation, administrative law and statutes that impact concessionaires on airport. He has serves on the AMAC Government Affairs Committee where he provides research, anecdotal information and disparity study comparisons that have been inserted into bills before and passed by the House and Senate that affect Airport Concessionaires. He was also appointed by the Chairwoman of AMAC to serve as Chairman of the By-Laws Committee, which requires Dustin to analyze, modify and propose amendments to Board of Directors on a monthly basis to preserve and protect the integrity, operation and corporate governance of AMAC. Mr. Collins serves on the Certification Committee for Women's Business Entrepreneurs National Council's ("WBENC") Regional WBOP; Women's President Educational Organization ("WPEO"). This requires Dustin to analyze and present a position to the Committee for a vote on applications, financial statements, tax returns, board minutes, corporate governance and supporting documents submitted by alleged women owned businesses applying for certification as WBEs. Also recently Dustin was selected to serve on the WPEO's newly created Internal Review Committee. Dustin also attends and engages in various outreach efforts with various organizations along with team. Prior to joining Avis Budget Group, Dustin served as a Senior Paralegal for various law firms in the New York City Metropolitan Area, where he focused on drafting motions and appeals and trial preparations on the local, state and federal level dealing with real estate litigation. Dustin was the President of Magna Carta Legal Services, LLC, a small business, which provided various law firms and individuals with extensive legal and administrative research services. Dustin holds a Bachelor of Arts Degree in Government and Politics from St. John's University in Queens, New York, where he graduated Magna Cum Laude. He received a Juris Doctorate at Touro College's Jacob D. Fuchsberg Law Center in Central Islip, New York, where he was the Associate Editor in Chief of Touro's Moot Court Honor Society.

Organization Position Status
Avis Budget Group, Inc. Manager, DBE Compliance Reporting Current
St. John's University Bachelor of Arts Degree In Government and Politics Former

Organization Position Status
Avis Budget Group, Inc. Manager, Media Relations Current

Organization Position Status
Avis Budget Group, Inc. Senior Manager, Public Relations Current

Organization Position Status
Avis Budget Group, Inc. Corp Brand Manager Current

Organization Position Status
Avis Budget Group, Inc. Manager, Marketing Current

Organization Position Status
Avis Budget Group, Inc. Manager, Marketing Current

Organization Position Status
Avis Budget Group, Inc. Manager, Corp Communications Current

Organization Position Status
Avis Budget Group, Inc. Manager, Corp Communications Current

Alice Brown has been a Real Estate Professional in Tucson since 1984 specializing in all aspects of Relocation. She is currently the Director, Tucson Relocation Services, handling the outgoing referrals and Cendant Mobility certified relocation classes for the Tucson & Green Valley Branches. She relocated to Tucson from the Pittsburgh, Pa area in 1982 and immediately fell in love with the beautiful Sonoran Desert. She has assisted several corporations in-group moves both in and out of the Tucson area along with individuals and the Military. She is active in her community and the Tucson Association of REALTORS . Her goal is to provide "Top Notch" service to our agents and their clients.

Organization Position Status
Pinnacle Peak Director, Tucson Relocation Services Current
Grayhawk LLC Director, Tucson Relocation Services Current
Avis Budget Group, Inc. Current

Founded in 1946 by Warren Avis, who sold his interest in 1954, Avis was the first company to rent cars from airport locations. The company grew rapidly during the 1950's through franchised and corporate-owned expansion.

Organization Position Status
Avis Budget Group, Inc. Current

Organization Position Status
NRT Inc. chief executive officer Current
Avis Budget Group, Inc. Current
Realogy Corporation Board of Directors Current
Realogy Corporation President & CEO, Nrt Former
NRT Inc. president Former
NRT Inc. chief administrative officer Former
NRT Inc. executive vice president Former
Young Corporation Senior Audit Manager Former
Ernst & Young senior audit manager Former
Albright College Bachelor's Degree In Accounting Former

Organization Position Status
Rocky Mountain Relief Executive Vice President Current
Avis Budget Group, Inc. Current

Organization Position Status
NRT Inc. Senior Vice President, Education & Dev & Brand Relations Current
Avis Budget Group, Inc. Current
Coldwell Banker Residential Brokerage Director of Education Former
Coldwell Banker Real Estate Corporation Education Director Former

Doris B. Nash has been a Realtor with Century 21 since 1985 and obtained her Real Estate Broker's License in 1990. Doris background is in the business world working as Office Manager for a large construction company prior to pursuing a career in Real Estate. Doris serves on the Board of Directors of the Lynchburg Association of Realtors and her designations include: Supervising Broker (Century 21 All-Service) Appomattox Office, Residential Specialist with Century 21 System, Cendant Mobility Referral Specialist, Cendant Mobility Inventory Specialist, Cendant Mobility Marketing Specialist. Doris is a consistent Top Award Winner with the Century 21 System and The Lynchburg Board of Realtors. Doris has served on the Habitat for Humanity Board of Directors and works with the 5th & 6th Grade Sunday School department at Liberty Baptist Church.

Organization Position Status
Century 21 All-Service Office Manager Current
Century 21 All-Service Realtor & Supervising Broker Current
Baptist Church Current
Avis Budget Group, Inc. Current
Century 21 All-Service Board of Directors Current

Edwin Cabaccang is the newest member of the team. As our client database continues to grow, so does our need for more client support personnel. His primary role as a Help Desk Support Administrator in our organization is to provide our clients with reliable service that you can depend on. Edwin's work experience in seven years includes roles in Help Desk, Desktop, and System Administration for companies such as ADP, AIG, BMW, Pfizer, and Cendant. He is eager and ready to meet the high expectations our customers deserve. Edwin believes that there is no computer related issue too big or too small that can't be serviced with a smile.

Organization Position Status
Bisner Consulting Services LLC Member of the Team Current
ADP Current
AIG Current
Avis Budget Group, Inc. Current
Pfizer Inc. Current
BMW Current

Organization Position Status
Hospitality America, Inc. Vice President Operations Current
Avis Budget Group, Inc. Current
Hospitality America, Inc. Hospitality America's Regional Manager Former

Organization Position Status
Avis Budget Group, Inc. Current
Realogy Corporation Board of Directors Current
Coldwell Banker Real Estate Corporation President & CEO Former
Coldwell Banker Real Estate Corporation president Former
Coldwell Banker Relocation Services vice president of real Former
Eastern Decor Inc. Sales Associate Former
Coldwell Banker Real Estate Corporation operating officer Former
University of Illinois master's degree Former
University of Illinois Bachelor of Science Former

Organization Position Status
Avis Budget Group, Inc. Current

Organization Position Status
First Baptist Church Commerce Organist Current
Avis Budget Group, Inc. Current
The First United Methodist Church Interim Organist Former

Organization Position Status
Cartus Corporation CEO Current
Cartus Global Network Conference President & Chief Executive Officer, Cartus Current
Avis Budget Group, Inc. Current
The Kelleher Corporation CEO Former
Cartus Corporation President Former
The Kelleher Corporation president Former
Cartus Corporation Senior Vice President Former
Cartus Corporation General Manager Former
Cendant Mobility general manager Former
Connecticut Magazine Former
Fairfield University Bachelor of Arts Degree Former
Fairfield University member Former

Organization Position Status
LTB Holding LLC President of Ltb Holding, Ltd. Current
Avis Budget Group, Inc. Current
LTB Holding LLC CEO Former

Lyndelle Abela, joined our unit in 2005, after serving in various capacities in the Information Technology Department for Avis Rent A Car System. With the Avis Budget Group since 2001, Lyndelle's background includes more than 25 years experience working in the accounting, engineering, and IT fields. As the program coordinator, Lyndelle works with all members of the team and serves as a liaison between our department and others within the company. She also works extensively with our advocacy group partners, helping promote our team commitment to diversity. In addition, she lends critical support to our team, communicating with aviation boards on daily issues and processing all departmental invoices. She also arranges our team's numerous trips to trade fairs and conferences across the nation.

Organization Position Status
Avis Budget Group, Inc. Program Coordinator, Strategic Business & Diversity Relations Current

Michael Chepiga is a litigation partner at Simpson Thacher & Bartlett LLP. He represents clients in securities litigation, class actions, derivative actions, and corporate control litigation. Representative cases include securities litigation concerning AIG, HealthSouth, Hollinger, Celera Genomics, Express Scripts, Winstar Communications, Cendant, Royal Ahold, Dynegy, St Paul-Travelers, American Electric Power, and KeySpan. Litigations arising from corporate acquisitions or transactions include SunGard Data Systems, Instinent Group, Telecorp/ATT Wireless, Wachovia, Seagate Technologies, American Home Products/Warner Lambert/Pfizer, Chrysler/Kerkorian, KKR/RJR Nabisco, Paramount v Time Warner, Paramount v QVC and numerous others. Mr Chepiga served as President of the Legal Aid Society of New York from 1996 to 1998, as a director from 1988 to 1998, and a member of the executive committee from 1992 to 1998. He is a director of VOLS (Volunteers of Legal Services, Inc), and a fellow of the American Bar Foundation. He is a frequent lecturer on continuing legal education panels and is the author of "Getting and Spending," a play produced at the Helen Hayes Theatre on Broadway in October 1998. Mr Chepiga joined Simpson Thacher in 1981 and became a partner in 1986. He received a BA cum laude from Fordham University in 1970, a PhD in English from New York University in 1976 and a JD from Yale University in 1979. He was a law clerk to the Honourable Milton Pollack (SDNY) from 1979 to 1980 and to the Honourable Amalya Kearse (Second Circuit) from 1980 to 1981.

Organization Position Status
Simpson Thacher & Bartlett Llp Litigation Partner Current
Expert Guides Litigation Partner at Simpson Thacher & Bartlett Llp Current
Avis Budget Group, Inc. Current
Express Scripts, Inc. Current
Winstar Communications Current
Key Span Current
American Electric Power Company, Inc. Current
Wachovia Corporation Current
Getting Incorporated Current
Legal Services Corporation Director Current
Vols Director Current
American Bar Foundation Fellow Current
SunGard litigation partner Former
HealthSouth Corporation Representative Former
New York University PhD In English Former
Yale University Jd Former
Fordham University Ba Cum Laude Former

Michael R. Good is a 29-year real estate industry veteran with award-winning executive leadership in real estate operations, management and business development. This dedication and success led Good to his February 2004 appointment as president and chief executive officer of Sotheby's International Realty Affiliates, Inc. In this capacity, Good's charge includes the continuing development of the Sotheby's International Realty network as the quintessential provider of luxury residential real estate services. In less than two years, Good led efforts that attracted approximately 80 real estate firms located around the world to become the first firms to join the Sotheby's International Realty luxury real estate network. He continues to spearhead the creation and implementation of a host of technological, marketing and networking tools designed to help affiliates enhance their roles as providers of high quality, luxury real estate services. Previously, Good served as executive vice president and chief operating officer of NRT Incorporated, the nation's largest residential real estate brokerage firm. There, he helped to energize NRT's growth from 350 offices to more than 950 local operating offices in over 30 major metropolitan areas across the nation at that time. In earlier regional roles with NRT and with Coldwell Banker Residential Brokerage, he was responsible for operations and market development from Florida to the Mid-Atlantic States and in the Midwest throughout the state of Minnesota. Previous to his distinguished real estate career, Good spent six inspired years as a teacher and wrestling coach. Good holds a Bachelor of Arts degree from Augsburg College in Minneapolis, and earned his master's degree from the University of St. Thomas in St. Paul, Minn. In 1991, Good was inducted into the Augsburg College Athletic Hall of Fame where he was a two-time All-American in wrestling.

Organization Position Status
Realogy Corporation Award, Winning Executive Current
Avis Budget Group, Inc. Current
Realogy Corporation Board of Directors Current
Sotheby's International Realty, Inc. President and Chief Executive Officer Former
NRT Inc. Executive Vice President and Chief Operating Officer Former
NRT Inc. Executive Vice President & General Sales Manager Former
Coldwell Banker Residential Brokerage Former
Sotheby's Former
The Regents Chairman Former
University of St. Thomas Master's Degree Former
Augsburg College Bachelor of Arts Degree Former

Neil Gulley has been Senior Vice President, Western Region of Title Resource Group (TRG) since 2004. In this capacity, he oversees the continued growth of TRG's operations throughout the Western Region. His territory includes all of the TRG operations in Southern California and Colorado as well as the expansion into Northern California, Arizona and other markets within that area of the country. Prior to his current position, Neil served as Senior Vice President (SVP) and Chief Financial Officer (CFO) for TRG. Before his role with TRG, Neil served as SVP and CFO for NRT Settlement Services. His tenure with Cendant began in 1996, which includes various financial positions within Cendant Mobility. Prior to joining the Cendant family of companies, Neil was Corporate Controller for TEC/AES, an environmental consulting company located in Southern California. Neil received both his BA in Business Administration and Accounting and his MBA in Finance and Business Administration from California State University, Fullerton. He is a Certified Management Accountant (CMA) and has over sixteen years of experience in management, finance and operations. Neil resides in southern New Jersey with his wife and two children.

Organization Position Status
Title Resources Guaranty Company Senior Vice President, Western Region Current
Title Resource Group Senior Vice President, Western Current
Avis Budget Group, Inc. Current
California State University Mba In Finance and Business Administration Former

Organization Position Status
Avis Budget Group, Inc. Current

Organization Position Status
Avis Budget Group, Inc. Current

Rick Munson is CEO of Multi-Systems, Inc., (MSI). In 1990, Rick negotiated the purchase of the assets and software products of International Property Control Systems, Inc. (IPCS) from HFS Incorporated now Cendant Corporation to found MSI. Since then, he has built the company into an industry leader, with more than $18 million in sales revenue in 2001. With well over 2,900 installations across North America, MSI employs more than 200 people at its headquarters in Phoenix, and boasts a list of management companies and clients that includes Bass Hotels & Resorts, Lodgian, Cendant, Prime Hospitality, Holiday Inn, Hawthorn, AmeriSuites, Best Western, Kelly's Inn, Wingate, Ramada, Howard Johnson, Wellesley Inns, Days Inn, Super 8 and more. Prior to founding MSI, Rick served as Vice President, Sales & Marketing, IPCS. In that role, he participated in the development, implementation, and sales and marketing of a new generation of central reservation and property management systems. As the company's primary development officer, Rick more than doubled the size of IPCS's customer base, and increased revenues by more than 100% in less than three years. Before joining IPCS, Rick held positions in sales, marketing and operations in the hotel industry, including six years as Director of Catering and Convention Services at the Hyatt Regency, Phoenix. As a graduate of the University of Wyoming, he received a degree in business administration with honors as a distinguished military graduate. He served as First Lieutenant in the highly select Third Armored Cavalry Regiment, Fort Bliss, Texas. Rick is active in numerous civic and charitable causes in the Phoenix area, and is a frequent speaker and commentator on technology in the hotel industry. He lives in Scottsdale with his wife Joni and their three sons, Troy, Cody and Luke.

Organization Position Status
Multisystems CEO Current
Avis Budget Group, Inc. Current
Hyatt Regency Director of Catering Former
University of Wyoming Business Administration With Honors as A Distinguished Military Graduate. Former

Robert M. Becker is chairman emeritus for NRT Incorporated. In this capacity, Becker maintains an advisory role with NRT's leadership team and is responsible for ongoing management responsibility for The Sunshine Group, an NRT-owned company headquartered in New York City. Becker joined NRT as president and chief executive officer in May 1997. Most recently, he served as chairman and chief executive officer, overseeing NRT's family of companies that comprise nearly 1,000 residential real estate offices and 59,000 sales associates located in more than 35 major metropolitan areas across the United States, focusing on the long-term, strategic direction of the organization. In 2004, NRT reached a total sales volume of $200 billion a record for the real estate industry. Today, NRT is the largest and most successful residential real estate brokerage company in the nation. A subsidiary of Cendant Corporation (NYSE: CD), NRT operates residential real estate offices under COLDWELL BANKER , ERA , Sotheby's International Realty, The Corcoran Group and The Sunshine Group. Becker has overseen NRT's acquisitions of more than 290 premier, independent residential real estate firms in key markets throughout the country, as well as the company's recent expansion into the United Kingdom. This list of acquisitions includes such distinguished firms as The Corcoran Group (Manhattan), Arvida Realty Services (Florida), Burnet Financial Group (Minnesota and Chicago), The DeWolfe Companies, Inc. (New England), Jon Douglas Company (California) and Pardoe Real Estate (Washington, D.C.). Each of these firms was among the nation's largest residential real estate companies when NRT acquired them. Prior to his role as president and chief executive officer for NRT, Becker served as president and chief executive officer of Coldwell Banker Real Estate Corporation, a subsidiary of Cendant (then HFS Incorporated). Coldwell Banker Real Estate Corporation is one of the nation's leading real estate sales organizations with over 3,700 franchised real estate offices and more than 120,000 agents and brokers worldwide. Becker was appointed president and chief executive officer of Coldwell Banker following its purchase by HFS in May 1996. Under Becker's leadership, Coldwell Banker Real Estate Corporation launched a new, national television advertising campaign; developed international franchise agreements for the first time in company history; expanded Coldwell Banker's commercial real estate division; and achieved an 80 percent growth in the number of new franchises sold. Prior to being president and chief executive officer of Coldwell Banker Real Estate Corporation, Becker was president and chief operating officer of one of the nation's largest and most successful Coldwell Banker firms, overseeing 150 offices in Connecticut, New Jersey and Westchester and Rockland counties in New York. During his 15-year career there, he served as general sales manager and then senior vice president before taking over the reins. In that time, the firm grew from 11 to more than 150 offices and more than 4,000 sales associates. This growth resulted in the firm being recognized by Inc. Magazine as one of the fastest-growing companies in the nation. Becker began his real estate career at a real estate firm in Mountain Lakes, N.J., where he joined as a sales associate and went on to purchase the company and open a second office in Sparta, N.J. He sold the firm in 1980, which led to his career in the larger organizations.

Organization Position Status
The Corcoran Group Current
Avis Budget Group, Inc. Current
The Sunshine Group Current
NRT Inc. President and Chief Executive Officer Former
NRT Inc. Chairman & CEO Former
Coldwell Banker Real Estate Corporation chief executive officer Former
Burgdorff Realtors ERA President Former
Coldwell Banker Real Estate Corporation president Former
Coldwell Banker Real Estate Corporation chief operating officer Former
Coldwell Banker Real Estate Corporation Officer Former
Sotheby's Former

Staci has twenty years of experience in sales and marketing management. Her background includes District Sales Manager First Merchants Bancard Services, Vice President for FISI Madison Financial (a Cendant Company), Territory Manager for Parke Davis/Pfizer Pharmaceuticals, as well as her own independent business investment, ownership, and operations. She understands and relates to all facets of successful and profitable business operations and thrives on developing new strategic partnerships.

Organization Position Status
Powerpay LLC Vice President, Sales & Business Development Current
Avis Budget Group, Inc. Current

Stender E. Sweeney is CLS's Chief Financial Officer. He has broad-based experience in financial and general management, serving as an equity investor and as Chief Executive Officer, Chief Operations Officer and Chief Financial Officer for several privately-held companies in transition for the last ten years. Prior to that, Stender served as the Vice President of Finance for the Times Mirror Company, a Fortune 150 diversified communications company, where he was responsible for all corporate finance functions including Treasury, Capital Structure Management, Real Estate, Financial Planning, Retirement Plan Asset Management, Taxes and Investor Relations. Stender is a graduate of the Harvard Business School and Stanford University and also earned an MSBA degree in Accounting from the University of Southern California.

Organization Position Status
The Corporate Legal Standard, Inc. Chief Financial Officer Current
Avis Budget Group, Inc. Financial Advisor Current
Avis Budget Group, Inc. Chairman, Audit Committee Former
Mindbody Online Director Current
Budget Rent A Car System, Inc. Board of Directors Current
The Onyx Group Chief Financial Officer Former
The Times Mirror Company Vice President of Finance Former
Citibank Corporate Banking Officer Former
DreamWorks SKG Senior Financial Operating Roles Former
The Onyx Group Principal Former
The Times Mirror Company Various Positions Former
Msba MBA In Finance Former
Harvard University MBA In Finance Former
Stanford University BA In Economics Former

Organization Position Status
Era Pearson Realty, Inc Broker, Owner Current
Era Pearson Realty, Inc Manager Current
Avis Budget Group, Inc. Current

Susan Pettit gained more than fifteen years of procurement experience in the Purchasing Department with Avis Rent A Car System, Inc. prior to joining the Strategic Business & Diversity Relations team in 2002. In her various capacities in Purchasing, Susan set up, implemented and maintained numerous national account programs and was responsible for purchasing the commercial print/forms in addition to maintaining inventory for over 100 line items. Through the years of close contact with field operations and the World Headquarters business units, Susan has acquired the working knowledge of the company's various department operations and their specific procurement requirements. As Senior Buyer in the Purchasing Department, Susan worked closely with the Strategic Business & Diversity Relations unit to infuse certified Disadvantaged, Minority and Woman-owned businesses into the supplier chain. Being an advocate of Disadvantaged, Minority and Woman business development, Susan was a natural addition to the unit. Susan is involved in and coordinates outreach activities designed to increase supplier diversity and community relations both nationally and locally. Her main responsibility includes increasing corporate and airport utilization of diverse suppliers. She is an active member of a number of local supplier advocacy organizations throughout the New York Metropolitan area, and participates in various airport, national, and regional supplier advocacy events throughout the United States.

Organization Position Status
Minority, Inc. Advocate Current
Avis Budget Group, Inc. Senior Procurement Specialist, Strategic Business & Diversity Relations Current
Avis Rent A Car System, LLC Former

As the senior financial member of our organization, Terry interfaces with the parent companies, NRT and Cendant, and leads the financial planning, analysis and forecasting activities while working closely with department heads and sales office vice presidents in expense control and revenue management. As a CPA, she is comfortable applying everyday practicality to the challenges of monitoring financial statements and Burgdorff's policies and procedures. She oversees day-to-day accounting processes and manages the trust and escrow departments as well.

Organization Position Status
Schweppe & Co Realtors Vice President, Director of Finance Current
NRT Inc. Current
Avis Budget Group, Inc. Current
Schweppe & Co Realtors Member Former

Vickie Flores recently joined MSS as Director of Nationwide Operations. She began her career in international operations and logistics at VAAF Int'l. Vickie most recently held senior operations positions in the moving industry at Hilldrup International and Graebel International specializing in international corporate relocations whilst working on high profile accounts like, The World Bank, IFC, Homeland Security, Prudential, Cendant & Lockheed Martin.

Organization Position Status
Mss Inc Director of Nationwide Operations Current
Avis Budget Group, Inc. Current
Prudential Insurance Company of America Current

Organization Position Status
Avis Budget Group, Inc. Secretary Current

Organization Position Status
Avis Budget Group, Inc. Board of Directors Current

Organization Position Status
Pcosupport Executive Director Current
Pcosupport Board of Directors Current
Avis Budget Group, Inc. Director Current
Pcosupport President Former
Pcosupport Founder of the Polycystic Ovarian Syndrome Associa Former
Wittenberg University Bachelor of Arts Former

Organization Position Status
Cold Spring Harbor Laboratory Chairman Current
Avis Budget Group, Inc. Vice Chairman, Evercore Partners, Member: Board of Directors Current
Evercore Partners Inc. Vice Chairman Current
Cleary, Gottlieb, Steen & Hamilton LLP Practiced Law Former
Citigroup Inc. Chairman Former
Avis Budget Group, Inc. Board of Directors Former
Harvard Law School graduate Former
Yale University graduate Former

Jack Hardy has been a Director of Avis Budget Grou p since April 2008. Until recently, Mr. Hardy was a partner of the law firm of O'Melveny & Myers for more than 25 years, where he served on the firm's compensation committee and as chair of the firm's capital markets practice...

Organization Position Status
Avis Budget Group, Inc. Director Current

Organization Position Status
York Capital Management, LLC Consultant Current
Piancone Group International, Inc Board of Directors Current
Philharmonic Symphony Society of New York Inc. Director Current
The Healthcare Chaplaincy, Inc. Vice Chairman, York Capital Management Current
Museum of The City of New York Board of Directors Current
York Capital Management, LLC Vice Chairman Current
Avis Budget Group, Inc. Vice Chairman Current
Sparta Insurance Vice Chairman, York Capital Management Current
The Healthcare Chaplaincy, Inc. Board of Directors Current
Wyndham Worldwide Corporation Director Current
Wyndham Hotel Group Inc. Director Current
Fordham University Fellow Current
Day's Inn Executive V.P. Former
Avis Budget Group, Inc. Senior Executive Vice President Former
Avis Budget Group, Inc. Executive Vice President Former
Avis Budget Group, Inc. General Counsel and Director Former
Avis Budget Group, Inc. General Counsel Former
Day's Inn General Counsel Former
Avis Budget Group, Inc. Director Former
Day's Inn Board Member Former
Yale Law School J.D. Degree Former
Fordham University A.B. Degree Former

­Jack Hardy has been a Director of Avis Budget Group since April 2008. Until recently, Mr. Hardy was a partner of the law firm of O'Melveny & Myers for more than 25 years, where he served on the firm's compensation committee and as chair of the firm's capital markets practice. Mr. Hardy has represented publicly and privately owned corporations, investment managers and investment banks in connection with securitization transactions, investment funds, debt and equity financings, joint ventures and mergers and acquisitions. Mr. Hardy received a Juris Doctor from the University of Virginia.

Organization Position Status
Avis Budget Group, Inc. Board of Directors Current

"Former President of The National League of Professional Baseball Clubs Mr. Coleman is the former president of The National League of Professional Baseball Clubs. Mr. Coleman signed on with Major League Baseball in 1992 as executive director—market development. Previously, Mr. Coleman was a municipal finance banker for Kidder, Peabody & Company. Prior to joining Kidder, Mr. Coleman served as commissioner of both the New Jersey Department of Community Affairs and Department of Energy, and chairman of the Hackensack Meadowlands Development Commission and the New Jersey Housing and Mortgage Finance Agency. He was the vice chairman of the State Commission on Ethical Standards and a member of the Economic Development Authority, Urban Enterprise Zone Authority, Urban Development Authority, State Planning Commission and New Jersey Public Television Commission. Mr. Coleman also has served as president of the Greater Newark Urban Coalition. From 1976 to 1980, Mr. Coleman worked in Africa in mission service for the Protestant Episcopal Church of the United States, providing management consultant services in health care, education and church and community development in 17 African countries. Mr. Coleman received an undergraduate degree in history from Princeton University. He also earned a master’s in public administration degree and a master’s in education and social policy degree, both from Harvard University. Mr. Coleman serves on the board of directors of The Omnicom Group, Cendant Corp., Aramark, Churchill Downs and Electronic Arts. He also serves as a director of a number of other organizations, including the Children’s Defense Fund, The Metropolitan Opera, the Schumann Fund, and Little League Baseball. Mr. Coleman is chairman of the Jackie Robinson Foundation. He is a former chairman of the board of trustees of the Presiding Bishop’s Fund for World Relief and the United States chairman of the Bishop Tutu Scholarship Fund. "

Organization Position Status
H.J. Heinz Company Board of Directors Current
Avis Budget Group, Inc. Board of Directors Current
ARAMARK Corporation Board of Directors Current
Churchill Downs, Inc. Board of Directors Current
Electronic Arts Inc. Board of Directors Current
Omnicom Group Inc. Board of Directors Current
Major League Baseball executive director, market development Former
Harvard University master's in public administration degree Former
Princeton University undergraduate degree in history Former

Organization Position Status
Avis Budget Group, Inc. Director Current
LTB Holding LLC CEO Former

Organization Position Status
Budget Rent A Car System, Inc. Board of Directors Current
Avis Budget Group, Inc. Board of Directors Current

Mr. Edelman was elected to the board of directors in August 2003 and has served on our board since that time. Since 2000, Mr. Edelman has served as Of Counsel to Paul, Hastings, Janofsky & Walker LLP. From 1972 to 2000, he served as a partner at Battle Fowler LLP. Mr. Edelman has been a real estate advisor to Grove Investors and is a partner at Fisher Brothers, a real estate partnership. He is a director of Capital Trust, Inc and Avis/Budget Group, Inc.

Organization Position Status
Fisher Brothers Partner Current
Paul Hastings Of Counsel Current
FdG Associates Management Committee Member Current
Ashford Hospitality Trust, Inc. Chair Current
Manhattanville College Board of Directors Current
Columbia Business School Advisory Board Member Current
Capital Trust, Inc. Board of Directors Current
Avis Budget Group, Inc. Board of Directors Current
Realogy Corporation Board of Directors Current
Car Rental Weekly Board of Directors Current
FdG Associates Management Committee Member Current
Midwestern Wheels Inc. Chairman of the Board of Directors Former
Columbia University Law School Jd Former
Princeton University BA Former

Organization Position Status
Budget Rent A Car System, Inc. Board of Directors Current
Avis Budget Group, Inc. Board of Directors Current

Nick DePaolo comes to HREC in the Chicago office after a 10 year career as the Midwest Director of Franchise Development for Wyndham Worldwide, formerly Cendant Corporation, where he was personally responsible for the development of over 200 Franchise Agreements totaling over 13,000 rooms. Nick has an extensive background in site selection, franchise agreement negotiations, market analysis, brand selection, and the overall development process. He has developed relationships with a vast network of hotel owners, developers, brokers, lenders, buyers and sellers playing an integral role in over 50 hotel real estate transactions.

Organization Position Status
Hospitality Real Estate Counselors, Inc. Vice President Current
Wyndham Worldwide Corporation Director Current
Avis Budget Group, Inc. Director Current

Mr. Edelman, age 64, has been a director of Realogy Corporation since August 2006 and served as director of Realogy Corporation's predecessor parent company, Cendant, since December 1997 and was a director of HFS Incorporated from November 1993 until December 1997. It is expected that Mr. Edelman will continue as a Cendant director following the final distribution and will remain as a director of Avis Budget Group. Mr. Edelman currently serves as Of Counsel to New York City law firm Paul, Hastings, Janofsky & Walker, LLP and has been in that position since June 2000. Mr. Edelman was a partner with Battle Fowler, which merged with Paul, Hastings, Janofsky & Walker, from 1972 through 1993 and was affiliated with Battle Fowler from 1994 until June 2000.

Organization Position Status
Avis Budget Group, Inc. Director Current
Realogy Corporation Director Current

Organization Position Status
Revenue Analytics Vice Chairman of Cendant's Travel Distribution Services (Tds) Current
Drtango Director Current
Avis Budget Group, Inc. Vice Chairman Current
Hispanicare Director Current
Avis Budget Group, Inc. Executive Vice President, Supplier Development Former

Organization Position Status
Avis Budget Group, Inc. Board of Directors Current
Time Warner Inc. Chief Operating Officer Former
Electronic Arts Inc. Board of Directors Former

Organization Position Status
Board Member, Inc. Adjunct Professor, Kellogg School of Management Current
Equity Residential Properties Trust Trustee Current
Beginner Real Estate Investing Inc. Board of Directors Current
Commsfirst, Inc. Board of Directors Current
Caremark Client Portal Board of Directors Current
Longs Drug Stores Corporation Board of Directors Current
Budget Rent A Car System, Inc. Board of Directors Current
Equity Residential Properties Trust Board of Directors Current
CVS Caremark Corporation Board of Directors Current
Ventas, Inc. Board Director Current
Equity Lifestyle Properties, Inc. Board Director Current
Avis Budget Group, Inc. Board Director Current
Equity Group Investments Chief Executive Officer Former
The Chicago Network President Former
Equity Group Investments President Former
Rosenberg, Ltd. Principal Former
Equity Ltd. General Counsel Former
Equity Group Investments Director Former
Northwestern University School of Law Law Degree Former
Tufts University Bachelors Degree Former

Virginia M. Wilson has served as our Executive Vice President and Chief Financial Officer since our separation from Cendant in July 2006. Ms. Wilson was Executive Vice President and Chief Accounting Officer of Cendant from September 2003 until our separation from Cendant in July 2006. From October 1999 until August 2003, Ms. Wilson served as Senior Vice President and Controller for MetLife, Inc., a provider of insurance and other financial services. From 1996 until 1999, Ms. Wilson served as Senior Vice President and Controller for Transamerica Life Companies, an insurance and financial services company. Prior to Transamerica, Ms. Wilson was an Audit Partner of Deloitte & Touche LLP.

Organization Position Status
Wyndham Worldwide Corporation CFO Current
Wyndham Worldwide Corporation Executive Vice President Current
Avis Budget Group, Inc. Board of Directors Current
Avis Budget Group, Inc. Chief Accounting Officer & Executive Vice President Former
MetLife, Inc. vice president Former
Deloitte Touche Tohmatsu partner Former
MetLife, Inc. controller Former
University of Illinois at Urbana-Champaign degrees in accounting Former

Kevin Greene was appointed senior vice president and chief financial officer for NRT in April 2002. He is responsible for the financial reporting, planning and analysis, and information technology operations for NRT. He is also President of The NRT Foundation, a 501 (c)(3) public charity established to facilitate the community service activities of NRT's local operating companies across the nation. Greene has been a member of the Cendant family since 1995.

Organization Position Status
NRT Inc. Senior Vice President, Chief Financial Officer Current
Avis Budget Group, Inc. Member Current
Fairfield Resorts, Inc. senior vice president Former
NRT Inc. Founder Former
Fairfield Resorts, Inc. controller Former
Coldwell Banker Real Estate Corporation Director Former
Southern Methodist University MBA Former
The University of Texas bachelor's degree Former

Executive News

  • Avis and Budget to Offer 100 Percent Smoke-Free Fleet

    Market Wire via MSN Money - 9/03/09 - View Story

  • Mortgage applications rise as refinancing demand jumps - U.S. mortgage applications rise as rates plunge

    Reuters - 8/27/09 - View Story

  • Mortgage applications rise as refinancing demand jumps

    Reuters via Yahoo! - 8/26/09 - View Story

  • Think Fast and Get a Great Rate on Budget Rentals

    Market Wire via MSN Money - 8/24/09 - View Story

  • The OpenTravel Alliance Announces 2009-2010 Board of Directors

    Hotel News Resource - 8/12/09 - View Story

  • Too Big to Ignore

    CFO.com - 8/12/09 - View Story

  • Citi Officers' Buying Bodes Well for Gains

    The Wall Street Journal Interactive Edition - 8/12/09 - View Story

  • Evercore Partners Appoints Stephen CuUnjieng as a Senior Advisor

    SYS-CON Media - 8/09/09 - View Story

  • Mansions Go Under the Gavel

    New York Times - 8/07/09 - View Story

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     CAR $12.16 +0.26 (2.18% )
Average Volume 3,499,300
Shares Outstanding 101.99M
Market Cap 1.2B
Year High 14.14
Year Low 0.34
Earnings Per Share -1.20
P/E Ratio -10.13
Dividend N/A
Yield N/A
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