Budget Announces Additions to Executive Staff
17 November 1997
Budget Announces Additions to Executive StaffBudget Appoints CFO and VP of Human Resources and Promotes Top Operations Executive LISLE, Ill., Nov. 17 -- Budget Group, Inc. and Budget Rent a Car Corporation, one of its wholly owned subsidiaries, are pleased to announce the addition of two new executives to its staff in Lisle, Ill., and the promotion of its key operations executive. Michael B. Clauer, 40, has been appointed senior vice president and chief financial officer of Budget Group, Inc. In this capacity, he is responsible for managing both the Finance and Information Technology organizations within Budget Group. Prior to joining Budget, Clauer worked for PepsiCo for more than 10 years in a variety of senior-level positions within several of its divisions including Pepsi-Cola, Pizza Hut and PepsiCo Restaurants International. Most recently, he served as senior director, Finance, Strategy and Planning for its franchise bottling operations in North America. Vicki R. Pyne, 45, has been named vice president, Human Resources for Budget Rent a Car Corporation. In her new position, she is responsible for developing and implementing Budget's overall Human Resources philosophy, policies and strategies, as well as providing leadership and general oversight to the human resource functions within Budget's subsidiaries and international operations. Vicki brings to Budget more than 17 years experience in Human Resources from Citicorp/Citibank, where she spent ten years in its Card Products Group and seven years in its Consumer Retail Banking Group. Her most recent position was vice president, Human Resources in the U.S./Europe Consumer Bank Division. Jeffrey T. Hendrickson, 53, who joined Budget six months ago as senior vice president and general manager, U.S. Rental Operations for Budget Rent a Car, has been promoted to executive vice president, U.S. Rental Operations for Budget Rent a Car and senior vice president, Budget Group. This appointment follows the announcement of Budget Group's favorable third quarter earnings and continued improvements in Budget's rental operations. Jeff's responsibilities include all U.S. car and truck rental operations, fleet operations and airport concessions. Budget Group, Inc., through subsidiary companies and their franchisees, operates Budget Car and Truck Rental, the third largest worldwide car and truck rental system, with over 3,200 airport and local market locations in more than 120 countries and territories. In addition, the Company owns Premier Car Rental, which serves the insurance replacement market through a network of 101 locations in 13 major U.S. markets. Budget Car Sales, a subsidiary of Budget Group, is one of the largest independent retailers of late model vehicles in the United States, operating 26 retail car sales facilities. The company also owns Van Pool Services, Inc., which leases vans for van pooling operations in 28 states, and operates airport parking facilities at certain locations. SOURCE Budget Rent A Car Corporation