|Larry D. De Shon|
Chief Executive Officer, President and Chief Operating Officer, Avis Budget Group, Inc.
Larry D. De Shon is Chief Executive Officer, President and Chief Operating Officer of Avis Budget Group, Inc., and has been a director of the Company since October 2015.
Prior to this position, he served as President and Chief Operating Officer of the Company from October through December 2015. Mr. De Shon was previously President, International, Avis Budget Group. In this role, he was responsible for overseeing the Company’s Avis, Budget, Zipcar, Payless, Maggiore and Apex businesses in Europe, the Middle East, Africa (EMEA), Asia, Australia and New Zealand. Mr. De Shon joined Avis Budget Group in 2006 and has previously overseen the Company’s operations in Europe, the Middle East and Africa as President, EMEA and operations in the United States as Executive Vice President, Domestic Operations.
Before joining Avis Budget Group, Mr. De Shon was Senior Vice President of Airport Operations at United Airlines, Inc. As the head of United’s worldwide airport operations, he oversaw ground operations, logistics, safety, security, customer processing and service, product development and internal communications, leading an organization of 23,000 employees in 29 countries. He began his 28-year career with the airline carrier as a customer service representative and advanced to hold numerous positions of increasing responsibility during his tenure.
Mr. De Shon received bachelor degrees in both communications and sociology from the University of Missouri, Kansas City.
|Leonard S. Coleman|
Chairman of the Board
Leonard Coleman has been a director of Avis Budget Group since August 2006. He was also a director of Cendant Corporation from 1997 to August 2006. From 1999 to December 2005, Mr. Coleman was a Senior Advisor to Major League Baseball.
Mr. Coleman was the President of the National League of Professional Baseball Clubs from 1994 to 1999, having served from 1992 to 1994 as Executive Director, Market Development of Major League Baseball. Previously, Mr. Coleman was a municipal finance banker for Kidder, Peabody & Company. Prior to joining Kidder, Mr. Coleman served as commissioner of the New Jersey Department of Community Affairs and the Department of Energy, and Chairman of the Hackensack Meadowlands Development Commission and the New Jersey Housing and Mortgage Finance Agency. He also served as 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 is also a director of Electronic Arts Inc., Hess Corporation and Omnicom Group Inc. Mr. Coleman received a B.A. in history from Princeton University and an M.P.A. and a Master’s in Education and Social Policy from Harvard University.
Partner, SRS Investment Manager
Brian Choi has been a director of Avis Budget Group since January 2016. Mr. Choi is a partner at SRS Management Investment, LLC and certain of its affiliates and has served in various roles at SRS since October 2008. Previously, Mr. Choi worked at Metalmark Capital from 2007 to 2008 and he also served as an analyst in the Leveraged Finance Group at Lehman Brothers from 2005 to 2007. Mr. Choi was initially appointed to the Board pursuant to the terms of a cooperation agreement between the Company and SRS Investment Management, LLC and certain of its affiliates.
|Mary C. Choksi|
Founding Partner and Former Senior Managing Director, Strategic Investment Group
Mary Choksi has been a director of Avis Budget Group since March 2007. From August 2015 to January 2017, Ms. Choksi was a Senior Advisor at Strategic Investment Group (Strategic), an investment management group founded in 1987, which designs and implements global investment strategies for large institutional and individual investors. Previously, Ms. Choksi was Founding Partner and Senior Managing Director of Strategic. Within Strategic, Ms. Choksi was a member of the investment strategy group charged with overseeing the asset mix of globally diversified client portfolios, supervised reporting to all clients and had responsibilities in corporate planning.
Ms. Choksi was also a Founding Partner and, until May 2011, a Managing Director at Emerging Markets Investors Corporation (EMI). EMI and its successor, Ashmore EMM, manage portfolios of marketable equities in the emerging markets of Asia, Europe, Latin America, Africa and the Middle East on behalf of institutional and private investors. Prior to the establishment of Strategic and EMI, Ms. Choksi worked in the Pension Investment Division of the World Bank, which was responsible for investing the institution’s pension plan. Before joining the Bank’s finance complex, she worked for nine years in the development arm of the Bank, working on South and Southeast Asia.
Ms. Choksi is also a director of White Mountains Insurance Group, Ltd. and Omnicom Group Inc. She also serves as a trustee of various mutual funds in the Franklin Templeton Funds family.
Ms. Choksi holds a B.A. and M.A. in Public Affairs from the University of Minnesota and an M.A. in International Affairs from Johns Hopkins University.
President and Chief Executive Officer, Endurance International Group Holdings, Inc.
Jeffrey Fox has been a director of Avis Budget Group since July 2013. Mr. Fox has been President and Chief Executive Officer of Endurance International Group Holdings, Inc. since August 2017. Mr. Fox is also a principal of The Circumference Group LLC, an investment and advisory firm which he founded in 2009.
Mr. Fox was President and Chief Executive Officer of Convergys Corporation from 2010 to November 2012, and then Executive Chairman until April 2013. Previously, Mr. Fox worked for Alltel Corporation as Chief Operating Officer from 2007 through 2008, and as a Group President from 1996 until 2007. Prior to joining Alltel, Mr. Fox worked in investment banking for ten years with Stephens Inc., preceded by two years with Merrill Lynch, specializing in mergers and acquisitions advisory services.
Mr. Fox is also a director of Endurance and Convergys Corporation.
Mr. Fox holds a B.S. in Economics from Duke University.
Management Consultant and Attorney; Founder and Former President, Revlon Worldwide Licensing Division
Lynn Krominga has been a director of Avis Budget Group since October 2006. Ms. Krominga is an attorney, business executive and corporate director of public, private and not-for-profit organizations. From 2007-2013, Ms. Krominga served in various positions including Chairman of the Board, Lead Director, Member of the Audit Committee and Chair of the Compensation Committee of Sunrise Senior Living, Inc., which filed reports pursuant to the Exchange Act. Since 1999, Ms. Krominga has been a consultant to private equity and venture capital firms and to start-up and early stage technology companies, serving as a director of various private and not-for-profit companies, and in 2002 as chief executive officer and director of Fashion Wire Daily, Inc. From 1981 to 1999, Ms. Krominga held various senior executive and legal offices at Revlon, including President, Global Licensing from 1992 to 1998. Prior to that, Ms. Krominga was an attorney at American Express Company and at Cleary, Gottlieb, Steen & Hamilton LLP.
Ms. Krominga received a B.A. from the University of Minnesota and a J.D. from the University of Minnesota Law School.
President and Chief Executive Officer, Synchronoss Technologies, Inc.
Glenn Lurie has been a director of Avis Budget Group since May 2018. Mr. Lurie has been President, Chief Executive Officer and a director of Synchronoss Technologies, Inc., which files reports pursuant to the Exchange Act, since November 2017.
Prior to joining Synchronoss, Mr. Lurie was employed by AT&T for 27 years and was President and Chief Executive Officer of AT&T Mobility and Consumer Operations when he retired in September of 2017. Mr. Lurie helped usher in the smartphone era by leading negotiations for AT&T with Apple for the first iPhone and then for the first iPad. He built three groundbreaking businesses at AT&T: the Internet of Things (IoT) business – bringing wireless connectivity to tablets, cars, connected cities and consumer electronics; Digital Life – AT&T’s home automation and security business; and the launch of Aio Wireless – now Cricket Wireless, the company’s industry leading prepaid flanker brand. At AT&T, Mr. Lurie served in a variety of leadership roles, including as President and Chief Executive Officer of Mobility and Consumer Operations from 2016 to 2017, President and Chief Executive Officer of AT&T Mobility from 2014 to 2016, President of Emerging Enterprises and Partnerships Organization from 2011 to 2014 and President of Emerging Devices Organization (now IoT Organization) from 2008 to 2011.
Mr. Lurie received a B.A. in Business/Marketing from Seattle Pacific University.
|Eduardo G. Mestre|
Vice Chairman, Evercore Partners
Eduardo Mestre has been a Director of Avis Budget Group since July 2008. Mr. Mestre is Vice Chairman of Evercore Partners, an independent investment banking and investment management firm, and is responsible for the firm's corporate advisory business.
Prior to joining Evercore, Mr. Mestre served as Chairman of Citigroup's Global Investment Bank and, prior to that, he spent six years as head of investment banking and six years as co-head of mergers and acquisitions at Salomon Smith Barney. As head of investment banking, Mr. Mestre led Salomon's business integration efforts arising from the various mergers that led to the creation of Citigroup. Prior to joining Salomon in 1977, he practiced law at Cleary Gottlieb.
Born in Havana, Mr. Mestre is a summa cum laude graduate of Yale University and a cum laude graduate of Harvard Law School.
President, SRS Investment Management, LLC
Jagdeep Pahwa has been a director of Avis Budget Group since April 2018. Mr. Pahwa has been the President of SRS Investment Management, LLC since 2017 and has led SRS’s private equity business since 2006.
Previously, Mr. Pahwa worked at McKinsey & Company in the U.S. and India, where he led client engagements in the telecom, technology and real estate sectors. Prior thereto, Mr. Pahwa worked in the Mergers & Acquisitions group of Lehman Brothers in New York.
Mr. Pahwa received a B.T. in Chemical Engineering from the Indian Institute of Technology, Dehli, an M.S. in Chemical Engineering from Princeton University and an M.B.A. from Harvard Business School.
|F. Robert Salerno|
Former Vice Chairman, Avis Budget Group, Inc.
Bob Salerno has been a director of Avis Budget Group since August 2006. Mr. Salerno was previously Vice Chairman of the Company from June 2010 through December 2011, and President and Chief Operating Officer of the Company from August 2006 to June 2010.
For nearly 30 years, Mr. Salerno held numerous leadership positions with the Company, including as Chief Executive Officer of Cendant’s vehicle rental business from June 2003 to August 2006, President and Chief Operating Officer of Cendant’s vehicle rental business from November 2002 to June 2003, and as President and Chief Operating Officer of Avis from 1996 to November 2002.
Mr. Salerno received a B.A. from Marquette University.
|Francis J. Shammo|
Former Executive Vice President and Chief Financial Officer, Verizon Communications
Francis J. Shammo has been a director of Avis Budget Group since May 2018. Mr. Shammo was the Executive Vice President and Chief Financial Officer of Verizon Communications, Inc. from November 2010 until November 2016, and retired from Verizon at the end of 2016. After joining Bell Atlantic Corporation in 1989, which merged with GTE Corporation in 2000 to form Verizon, he held positions of increasing responsibility in finance, mergers and acquisitions, logistics, facilities, regional operations, and planning. His prior positions include President and Chief Executive Officer of Verizon Telecom and Business, Senior Vice President and Chief Financial Officer of Verizon Business, President—West Area of Verizon Wireless, and Vice President and Controller of Verizon Wireless.
Since 2015, Mr. Shammo has been a director of Unum Group.
Mr. Shammo received a B.S. in Accounting from Philadelphia University and an M.B.A from LaSalle University.
Former Chief Executive Officer, Academic Partnerships and Travelocity Global
Carl Sparks has been a director of Avis Budget Group since April 2018. Mr. Sparks was the Chief Executive Officer and a director of Academic Partnerships, an online service provider for higher education, from 2016 to 2017. From 2011 to 2014, Mr. Sparks was the Chief Executive Officer of Travelocity Global.
Mr. Sparks was also employed by Gilt Groupe, serving as its Chief Marketing Officer in 2009 and its President from 2010 to 2011. Prior to joining Gilt Groupe, Mr. Sparks served in a variety of leadership roles at Expedia Inc. from 2004 to 2009, including as Senior Vice President, Marketing and Retail Operations at Hotels.com from 2004 to 2006, Chief Marketing Officer at Expedia.com from 2006 to 2007, and General Manager at Hotels.com USA, Latin America & Canada from 2008 to 2009. Earlier, Mr. Sparks served as Vice President of Direct Business and Brand at Capital One Financial Corp., and also served in senior marketing and strategy roles at Guinness & Co., PepsiCo Inc., and The Boston Consulting Group.
Mr. Sparks has been a director of Dunkin’ Brands Group, Inc. since 2013. Mr. Sparks is also currently serving as a director of ActionIQ, Inc., an enterprise software company.
Mr. Sparks received a B.S. in Engineering, Mechanical and Aerospace Engineering from Princeton University, graduating Summa Cum Laude, and a M.B.A. from Harvard Business School.
Chief Administrative Officer, JPMorgan Chase & Co. Corporate & Investment Bank
Sanoke Viswanathan has been a director of Avis Budget Group since March 2016. Mr. Viswanathan has been the Chief Administrative Officer of JPMorgan Chase & Co.’s Corporate & Investment Bank, overseeing technology, operations and controls since 2014. Previously, Mr. Viswanathan was head of strategy, marketing and new business development for the Corporate & Investment Bank from 2012 to 2013 and head of corporate strategy for JPMorgan Chase from 2010 to 2012.
Prior to joining JPMorgan Chase, Mr. Viswanathan was a partner at McKinsey & Co. and co-head of its global corporate and investment banking practice, serving financial institutions in Asia, Europe and North America on strategy, organization and risk management topics.
Mr. Viswanathan has been on the Board of Sadler’s Wells Theatre in London since 2014. Mr. Viswanathan was initially appointed to the Board pursuant to the terms of a cooperation agreement between the Company and SRS Investment Management, LLC and certain of its affiliates.
Mr. Viswanathan received a B.T. from the Indian Institute of Technology, Madras and an M.B.A. from the Indian Institute of Management Ahmedabad.
The Audit Committee oversees the audits of the financial statements of the Company, as well as the accounting and financial reporting process of the Company, including oversight of (i) the integrity of the Company’s financial statements, (ii) the Company’s independent auditors’ qualifications and independence, (iii) the performance of the Company’s independent auditors and the Company’s internal audit function and (iv) the Company’s compliance with legal and regulatory requirements. The Board of Directors has determined that all members of the Audit Committee are independent directors under the Company’s Director Independence Criteria and within the meaning of applicable NASDAQ rules, and that each member of the Audit Committee has the ability to read and understand fundamental financial statements. The Board of Directors has determined that Mr. Sweeney qualifies as an “audit committee financial expert” as defined by the rules of the SEC, thereby satisfying NASDAQ’s “financial sophistication” requirement, and is independent as defined by NASDAQ with respect to audit committee members.
The role of the Compensation Committee is to assure that our executive officers are compensated effectively in a manner consistent with our stated compensation strategy, internal equity considerations, and competitive practice. The primary responsibilities include: Review and approve our stated compensation strategy; annually review and determine the individual elements of total compensation for the Chief Executive Officer; review and approve individual elements of total compensation for our executive officers; assure that our annual and long-term bonus and incentive compensation plans are administered in a manner consistent with our compensation strategy; make recommendations to the Board of Directors with respect to incentive compensation plans and equity-based plans and approve, subject, where appropriate, to submission to stockholders, all new equity-related incentive plans for executive officers; review and approve all stock option and other equity awards; and evaluate its performance under its charter on an annual basis. The Board of Directors has determined that each member of the Compensation Committee is an independent director in accordance with NASDAQ listing standards and the Company’s Director Independence Criteria, an outside director for purposes of Section 162(m) of the Internal Revenue Code (the “Code”), and a non-employee director for purposes of Section 16 of the Exchange Act.
The responsibilities of the Corporate Governance Committee include identifying and recommending to the Board of Directors appropriate director nominee candidates and providing oversight with respect to corporate governance matters. The Corporate Governance Committee also reviews director compensation and makes recommendations as to the terms and conditions of such compensation to the Board. The Board of Directors has determined that each of the current members qualifies as an independent director under applicable NASDAQ rules and the Company’s Director Independence Criteria.
The Executive Committee has and may exercise all of the powers of the Board of Directors when the Board of Directors is not in session, including the power to authorize the issuance of stock, except that the Executive Committee has no power to (a) alter, amend or repeal the by-laws or any resolution or resolutions of the Board of Directors, (b) declare any dividend or make any other distribution to the stockholders of the Company, (c) appoint any member of the Executive Committee, or (d) take any other action which legally may be taken only by the full Board of Directors.
|Audit Committee Charter||141.1 KB|
|Compensation Committee Charter||101.0 KB|
|Corporate Governance Committee Charter||87.6 KB|