Budget Appoints Belzberg, Sotir to Board

LISLE, Ill. -- Budget Group has appointed Morris Belzberg, a former Budget CEO, and Mark Sotir, the company’s current president and COO, to its board of directors. The company also announced that James Calvano has resigned from the board.

Belzberg, 72, will serve a two-year term. He will be eligible for re-election at the 2004 stockholders meeting.

A veteran of the car rental industry, Belzberg served as board chairman of Budget Rent a Car from 1986 to 1991, when he retired.

In 1962, Belzberg opened the first Budget fran-chise location in Canada. He later joined Budget Rent a Car Corp. and held a variety of executive positions within the company.

Belzberg was named president of Budget Rent a Car Corp. in 1969 and CEO in 1971. He served on Budget’s board of directors until 1997.

Belzberg is part-owner of the Pittsburgh Pen-guins and previously owned the Minnesota North Stars. Belzberg also serves as a member of the board of directors for BECA/Lynx in Riverside, Calif.

As president and chief operating officer for Budget Group, Sotir, 38, oversees the company’s core car and truck rental operations. He will face election at the 2002 annual stockholders meeting, set for May 16.

Sotir was appointed president and chief oper-ating officer in May 2000. Since joining Budget in 1995, he has held a number of executive posi-tions: president of North American vehicle rental operations in 1999; senior vice president for operations and reservations in 1998; and senior vice president for worldwide marketing for Budget Rent a Car in 1997.

Before joining Budget, Sotir spent six years at the Coca-Cola Company. Sotir holds a bachelor's degree in economics from Amherst College and a master's of business administration degree from Harvard Business School.

Comment On This Story

Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.


Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Trends Moving the Truck Market

Storylines that emerged from the 2018 Work Truck Show include the increasing need for on-site productivity, inclusion of active safety systems in trucks, DPF frustrations affecting product decisions, data management, and the growing link between fleet management and company revenue.

MIT Study Reinforces the Newfound Importance of Fleet

Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.

Job Finder: Access Top Talent. Fill Key Positions.