Europcar has said it is looking to an ambitious next phase as it announced its CEO will leave the company later this month.
Roland Keppler will end his term as CEO on 31 July after a mutual agreement with the car hire firm’s directors and stakeholders.
Keppler had led the company through a transformation and profitability boost.
Current chief financial officer Caroline Parot will be interim CEO while the board looks for a new recruit from outside the company.
Europcar has also announced a refinancing plan and ex-Avis Europe CEO Pascal Bazin has become an independent board member.
“Europcar today is well positioned for the next phase of its development, with an experienced senior management team already in place and a strengthened board of directors,” said Europcar chairman Jean-Charles Pauze. “We are grateful to Roland for accomplishing his mission of assembling a strong team and designing the turn-around plan of Europcar. The plan has generated significant improvements in the profitability and further initiatives are being developed and implemented by the management team. We are close to finalizing the nomination of our new CEO and we look forward to the next phase of Europcar’s development with confidence.”
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