Dollar Thrifty Automotive Group Announces New Chief Financial Officer
: DTG) today announced that
Scott L. Thompson has joined the
Company as Senior Executive Vice President and Chief Financial Officer
effective
May 23, 2008. Thompson brings considerable executive leadership and
more than 25 years of senior management experience in accounting and finance
to the Company.
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Thompson spent 10 years as Executive Vice President and Chief Financial
Officer with Group 1 Automotive, a Fortune 500 company. Thompson played a
major role in founding the company, as well as with its subsequent rapid
growth. During his time with Group 1 Automotive, the company grew from its
founding to approximately $5 billion in revenue and successfully completed its
IPO and several follow-on equity transactions.
During his tenure at Group 1 Automotive, Thompson managed all elements of
treasury, including relationships with multiple commercial banks, interacted
with investment banks, and presented and managed communications with both
investors and ratings agencies.
Reporting to Dollar Thrifty President and CEO, Gary L. Paxton, Thompson
will assume responsibility for treasury, accounting and finance, investor
relations, tax, and audit in the Company. 'Scott brings with him the expertise
and proven track record of a successful hands-on entrepreneur and CFO. His
extensive experience and interaction with banks, investors, and corporate
operations will be invaluable to us,' said Paxton. 'He is uniquely qualified
to help us expand our Company and increase value to our shareholders.'
'I'm very impressed with the people and the Board of Directors of Dollar
Thrifty,' said Thompson. 'The travel industry is going through some turbulence
right now, and that is what makes this an exciting opportunity.'
About Dollar Thrifty Automotive Group, Inc.
Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company
headquartered in Tulsa, Oklahoma. Driven by the mission 'Value Every Time,'
the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve
value-conscious travelers in approximately 70 countries. Dollar and Thrifty
have over 800 corporate and franchised locations in the United States and
Canada, operating in virtually all of the top U.S. and Canadian airport
markets. The Company's approximately 8,500 employees are located mainly in
North America, but global service capabilities exist through an expanding
international franchise network. For additional information, visit
http://www.dtag.com, http://www.dollar.com or http://www.thrifty.com.
SOURCE Dollar Thrifty Automotive Group, Inc.
