Avis Budget (CAR) Updates on Avis Europe Acquisition; Management Changes Made

Avis Budget Group, Inc. (Nasdaq: CAR) reports it plans to create three new operating regions effective October 3, 2011, when the acquisition of Avis Europe plc is expected to be completed.

The three regions will include Europe, Middle East and Africa (EMEA), North America, and Latin America/ Australasia. The following management changes will take effect within these regions as the Company moves forward with integration of the two companies:

• Larry D. De Shon has been appointed President, EMEA. Mr. De Shon was previously Executive Vice President, Domestic (U.S.) Operations, Avis Budget Group. In his new position, Mr. De Shon will oversee the Avis and Budget car rental businesses in Europe, the Middle East and Africa. Mr. De Shon succeeds Pascal Bazin, formerly Chief Executive Officer for Avis Europe plc, who will stay on with the Company until the end of the year in a consulting capacity to assist in the transition.
  
  
• Thomas M. Gartland has been named President, North America, which will now include the company's U.S. and Canadian operations. In his new role, Mr. Gartland will be responsible for Operations, Sales, Marketing and Customer Care across the region. Mr. Gartland previously held the position of Executive Vice President, Sales, Marketing & Customer Care, Avis Budget Group.
  
  
• Patric Siniscalchi has been named President, Latin America/Australasia, overseeing the Avis and Budget car rental businesses in the Caribbean, Central and South America, Asia, Australia and New Zealand. Mr. Siniscalchi, who was previously Executive Vice President, International Operations, Avis Budget Group, will add the Asia operations of Avis Europe to his responsibilities in these territories.
  
  
• David B. Wyshner has been named Senior Executive Vice President and Global Chief Financial Officer, Avis Budget Group. Mr. Wyshner will continue to oversee all financial functions including Accounting, Acquisitions, Financial Planning & Analysis, Risk Management, Treasury, etc., in addition to certain other corporate functions including Corporate Communications and Information Technology.

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