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Servodidio Takes Position as President of Avis International

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Leading vehicle rental service provider, Avis Budget Group Inc.CAR recently announced that Mark J. Servodidio has assumed office as the company's new president of international region. We note that the news of this management change was disclosed by the company last month.

Servodidio has been vested with the responsibility of supervising Avis Budget's Europe, Middle East, Africa, Asia, Australia and New Zealand operations.

Servodidio has been with Avis since 2001 and served in various roles including Executive Vice President and Chief Administrative Officer of the company. His résumé also boasts of holding leadership positions in companies like PepsiCo, Inc. PEP before joining Avis.

The company had announced a host of senior management changes earlier which also included the abovementioned transition of Servodidio. Last month, the company's board promoted Larry D. De Shon to the position of Chief Executive Officer (CEO), who replaced long-time CEO Ronald L. Nelson. De Shon, who previously served as president, International, was succeeded by Servodidio. De Shon assumed the role of president and chief operating officer from Oct 1, 2015 and will later take over as the company's CEO effective Jan 1, 2016.

At the same time, Nelson, who has been the company's CEO and Chairman of the board since 2006, will continue to serve as the company's executive chairman to ensure smooth transition.

Other appointments included the elevation of David B. Wyshner to the position of the company's president, effective Jan 1, 2016.

We believe these leadership changes are in correlation with the company's long-term strategies and will help deliver strong returns to shareholders as these leaders have a background of dealing with challenges in the various roles held by them and emerging as winners.

Zacks Rank

Avis Budget currently carries a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the same industry are Liberty Tax, Inc. TAX and Core-Mark Holding Company Inc. CORE . Both stocks carry a Zacks Rank #2 (Buy).

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AVIS BUDGET GRP (CAR): Free Stock Analysis Report

PEPSICO INC (PEP): Free Stock Analysis Report

CORE-MARK HLDG (CORE): Free Stock Analysis Report

LIBERTY TAX INC (TAX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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