Elder Retires, Thrifty Acquires Welcome Corp.

ALEXANDRIA, Va. -- After more than 32 years as a Thrifty Car Rental franchisee, Ken Elder has sold his business, Welcome Corp., to Thrifty and announced his retirement.

Throughout his career, Elder has been a leader in the car rental industry. He has been active in such organizations as the Thrifty National Ad Committee, the Car and Truck Rental and Leasing Association, the American Car Rental Association and the Association for Car and Truck Rental Independents and Franchisees.

In 1997, Elder received the Auto Rental News Executive Leadership Award.

Elder, 65, plans to travel with his wife and spend more time with his family.

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