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Avis Announces Promotion of Lawrence E. Kinder to Chief Information Officer

15 July 1999

Avis Announces Promotion of Lawrence E. Kinder to Chief Information Officer

    GARDEN CITY, N.Y., July 15 -- Avis Rent A Car, Inc.
today announced that it has promoted Lawrence E. Kinder to the
position of Chief Information Officer.  Mr. Kinder most recently was Senior
Vice-President and Chief Information Officer of PHH Vehicle Management
Services, the leading global vehicle management company acquired by Avis on
June 30, 1999.  In his new position with Avis, he will be responsible for
developing and linking creative and effective technology solutions
company-wide.
    In making the announcement, Kevin M. Sheehan, Avis' Executive Vice
President and Chief Financial Officer said, "Larry has done a wonderful job at
PHH of building a technology organization that has played a major role in the
company's growth and success.  By placing Larry at the helm of Avis' overall
technology effort, we are setting the stage to successfully integrate and
realize the synergies of the PHH and Avis businesses.  His knowledge and
vision to deliver enhanced service capabilities and competitive products will
give Avis a leading edge with our expanded global customer base."
    Mr. Kinder joined PHH in 1996 as Vice President, Information Services.  He
was promoted to Senior Vice President and CIO in 1998, and later took the
additional responsibility for PHH's Customer and Vehicle Services division.
Under Mr. Kinder's leadership, PHH developed state-of-the-art data warehouse
and Internet technology that has been a clear differentiator in the
marketplace.  PHH's technology capabilities received the prestigious 1999
ComputerWorld Smithsonian Award laureate medal and the 1999 CIO Web Business
50/50 Award -- both of which recognize innovative advances in business
technology.
    Mr. Kinder came to PHH from American Management Systems, where he was a
principal consulting with corporate and government organizations, including
Fortune 500 companies, U.S. Presidential transition teams and the White House.
He received a Bachelor of Science degree from Pennsylvania State University
and a Master of Science from the University of Pittsburgh.
    Avis is one of the world's leading providers of comprehensive automotive
transportation and vehicle management solutions, with strengths in car rental,
vehicle leasing, and vehicle management services.  Avis operates the second
largest general-use car rental business in the world, with locations in the
United States, Canada, Australia, New Zealand and the Latin American Caribbean
region.  Avis operates the vehicle management and fuel card businesses through
three separate units: PHH North America, PHH Europe and Wright Express.  The
services of these units consist of vehicle leasing and a broad range of
vehicle related fee based services.  The Company manages a fleet of
approximately 1 million vehicles and has over 3.6 million fuel and maintenance
cards outstanding. Annually, on a pro forma basis, the Company generates
approximately $4.0 billion in total revenue.