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Avis Budget: Press Release Dated September 16, 2015 Exhibit

The following excerpt is from the company's SEC filing.

Exhibit 99.1


Avis Budget Group, Inc.


today announced that its Board of Directors has selected Larry D. De Shon as the Company’s next chief executive officer, succeeding Ronald L. Nelson, who has held the position since 2006. Mr. 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. Mr. De Shon has also been appointed to the Board, effective October 1.

Mr. 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. Mr. De Shon

(age 56)

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. Mr. De Shon joined the Company in 2006 and has previously overseen Avis Budget’s Europe, Middle East and Africa (EMEA) and U.S. operations. Prior to joining Avis Budget, Mr. De Shon had a 28-year career at United Airlines, which included global responsibility for marketing, on-board service and airport operations.

The Company’s senior executive vice president and chief financial officer, David B. Wyshner, will become the Company’s president, effective January 1, 2016. In his expanded role, Mr. Wyshner

(age 48)

will assume global responsibility for the Company’s strategy, licensing and integration of the demand/fleet/pricing system, in addition to his current responsibilities as chief financial officer, which include mergers and acquisitions and information technology. Mark J. Servodidio, managing director, Europe, has been promoted and will assume Mr. De Shon’s current regional leadership responsibilities as president, International, and Joseph Ferraro will continue to lead the Company’s...