Zorn Appointed President, Budget Truck Group
15 March 1999
Zorn Appointed President, Budget Truck GroupSmalley to Lead Diversified Business Group DAYTONA BEACH, Fla., March 15 -- Budget Group, Inc. , parent company of Budget Rent a Car Corporation and Ryder TRS, Inc., announced the appointment of Tom Zorn, 36, as president of its Denver-based Budget Truck Group. In this new position, Zorn will direct the integration of Budget Truck Rental and Ryder TRS, the nation's second largest consumer truck rental company. Zorn worked for Budget from 1996 through 1998 as vice president, Truck Operations. Under his leadership, Budget Truck Rental produced record growth in revenue and earnings. Since April of 1998, Zorn has been a senior vice president, Strategic Planning, with Security Capital Group, an investment management and venture capital firm. "Our goal is to create a profitable and formidable truck rental division by fully integrating Ryder TRS and Budget Truck Rental," stated Sandy Miller, chairman and CEO, Budget Group. "We have already made significant progress toward this goal in a number of areas. We're pleased to have Tom leading this effort." Randall Smalley, previously president, Ryder TRS, has been appointed to president, Diversified Business Group, in charge of overseeing Cruise America, North America's largest recreational vehicle rental and sales company, and VPSI, the U.S. leader in commuter van pooling services. Based on his successful track record, he will also serve as chief negotiator for Budget Group with manufacturers for all truck fleet acquisition and disposal agreements. Budget Group, Inc. is a global network of vehicle rental and sales companies operating in three principal segments: Car Rental, Truck Rental and Car Sales. In Car Rental, Budget Group, through subsidiary companies and their franchisees, operates Budget Rent a Car Corporation, the world's third largest car and truck rental system, and Premier Car Rental, the nation's third largest company serving the insurance replacement market. The company also operates VPSI, the U.S. leader in commuter van pooling services, and Budget Airport Parking, a system of airport parking units located adjacent to Budget Rent a Car facilities in select locations. In Truck Rental, Budget Group operates Ryder TRS, the nation's second largest consumer truck rental company; Budget Truck Rental, the third largest consumer truck rental company; and Cruise America, the largest recreational vehicle rental and sales company in North America. In Car Sales, Budget Group operates Budget Car Sales, one of the leading independent retailers of late model vehicles in the U.S. with both new and used car dealerships.