Dollar Thrifty Automotive Group Announces International and Canadian Management Changes
TULSA, Okla., Aug. 16, 2004 -- Dollar Thrifty Automotive Group, Inc. today announced that Executive Vice President Yves Boyer has shifted responsibilities from heading up the company's Canadian operations to leadership of its International division. He replaces Peter Guptill who retired after over 10 years of service at Dollar Thrifty. Boyer has been with the company since 1996, and will report to Scott Anderson, Senior Executive Vice President - Global Marketing and Franchise Operations. The Canadian management team will now report directly to Jay Foley, Senior Executive Vice President - Corporate Operations.
"We are extremely pleased that Yves will be leading our international operation," Gary L. Paxton, President and Chief Executive Officer, said. "Yves' extensive experience and expertise make him the perfect person to continue growing both of our car rental brands on a global scale. We're confident that by taking on this significant responsibility, Yves will build on the strong momentum in our International operations, strengthen relationships with major international tour accounts and take the company to the next level."
Boyer has more than 25 years experience in the automotive industry, previously serving as Executive Vice President and General Manager of Nissan Canada Inc. before joining Dollar Thrifty Automotive Group. He has a solid track record of championing constructive change and building on the customer- driven culture of the company and has been a hands-on leader in the areas of fleet, operations, franchising, finance, sales and marketing.
Jay Foley will oversee the company's Canadian operations. Reporting directly to Foley will be executives responsible for all aspects of the company's Canadian operations including finance, corporate and franchise operations, sales and marketing and administration. Foley is also responsible for all of Dollar Thrifty's U.S. corporate locations.
"We have a very strong management team in Canada and I am confident they will not miss a beat in guiding our growth and progress as we continue to move forward," Paxton said. "Jay will be focused on exploring opportunities for both growth and for achieving operational efficiencies that may be available by leveraging off our U.S. operations."
Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission, Value Every Time, the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value- conscious travelers in approximately 70 countries. Dollar and Thrifty have approximately 800 corporate and franchised locations in the United States and Canada, and they have operations at most major airports. The Company's more than 8,000 employees are located mainly in North America, but global service capabilities exist through an ever expanding franchise network. For additional information, visit http://www.dtag.com/ .
Some of the statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Dollar Thrifty Automotive Group, Inc. believes such forward-looking statements are based upon reasonable assumptions, such statements are not guarantees of future performance and certain factors could cause results to differ materially from current expectations. These factors include: price and product competition; economic and competitive conditions in markets and countries where the companies' customers reside and where the companies and their franchisees operate; airline travel patterns; changes in capital availability or cost; costs and other terms related to the acquisition and disposition of automobiles; costs of conducting business and changes in structure or operations; and certain regulatory and environmental matters. Should one or more of these risks or uncertainties, among others, materialize, actual results could vary from those estimated, anticipated or projected. Dollar Thrifty Automotive Group, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
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