Arbor Advises Avis Budget Group (NASDAQ: CAR) on CEO Succession Plan

Arbor Advisory Group is proud to have served as the communications advisor for the executive succession planning for Avis Budget.

The company selected Larry D. De Shon as the Company’s next chief executive officer, succeeding Ronald L. Nelson, who had held the position since 2006.

Mr. De Shon, the Company’s president, International, became president and chief operating officer effective October 1, 2015, and assumed the role of CEO on January 1, 2016. Mr. De Shon has also been appointed to the Board, effective October 1.

Mr. Nelson, who became chairman of the board of Avis Budget Group in 2006, continued as executive chairman.

The Company’s senior executive vice president and chief financial officer, David B. Wyshner, became the Company’s president, effective January 1, 2016.