Avis Budget Group Inc. has announced the resignation of David B. Wyshner, president and chief financial officer.
Wyshner, who has served as the company's chief financial officer since 2006 and its president since January 2016, will leave the company in June to pursue other opportunities.
"During his tenure at the company, David consistently delivered results and was instrumental in growing our global footprint and deploying our cash flow to enhance shareholder value," said Larry De Shon, CEO of Avis Budget Group. "We thank David for the work he has done and his dedication to our company, which have positively impacted our strategies and contributed to our success, and wish him all the best in the future."
"I am proud of what the Company has done to drive its evolution as a leading global player in its industry," said Wyshner. "I look forward to moving onto new opportunities. At the same time, I am immensely grateful for the opportunity to have played a role in Avis Budget Group's development and to have worked with so many talented colleagues."
Avis Budget intends to appoint Martyn Smith, who previously served as finance director of the company's Avis Budget EMEA subsidiary and of Avis Europe plc, to serve as interim chief financial officer and is conducting a search to fill the CFO position on a permanent basis.
The project will create 3,000 new jobs and more than $75 million in capital investment.