Avis Budget Appoints Larry Shon As CEO, Succeeding Ronald Nelson

(RTTNews) - Avis Budget Group, Inc. (CAR) announced the appointment of Larry De Shon as its next chief executive officer or CEO, succeeding Ronald Nelson, who has held the position since 2006.

De Shon, the company's president, International, will become president and chief operating officer effective October 1, 2015, and will assume the role of CEO on January 1, 2016. De Shon has also been appointed to the Board, effective October 1.

The company stated that Nelson, who became chairman of the board of Avis Budget Group in 2006, will continue as executive chairman after Mr. De Shon assumes the CEO role to ensure a smooth transition of his CEO responsibilities to Mr. De Shon.

De Shon has been in his current position since January 1, 2015, where he has been responsible for overseeing all of the Company's brands in the International region. De Shon joined the Company in 2006 and has previously overseen Avis Budget's, Europe Middle East and Africa or EMEA and U.S. operations. Prior to joining Avis Budget, De Shon had a 28-year career at United Airlines, which included global responsibility for marketing, on-board service and airport operations.