We need to get our finance, cost structure and strategies right this year so we can take full advantage of the recovery in the industry in 2010. Mr. Thompson's appointment follows an extensive search conducted by the Tempur Sealy Board and was overseen by the Board's CEO Search Committee. Thompson: Our closings were primarily local offices that we do not think make sense for the company. All forward looking statements are based upon current expectations and beliefs and various assumptions. Will you be dipping into the wholesale market to fleet up? 6. We respect your data and privacy. That will be more important than overall demand and OEM pricing. That part of the business is dominated by Hertz, Avis and National. by Chris Brown. When someone with a proven track record offers this kind of advise I would imagine you should pay attention. Other companies seem to be following a similar strategy to make sure they're getting good returns on their assets. There are two parts to that equation: You have to get your assets down, and you've got to get your return up. In connection with the appointment of Mr. Thompson, current Chairman Frank A. Doyle will assume the role of Lead Director, and interim CEO W. Timothy Yaggi will continue in his role of Chief Operating Officer. We've picked up some value focused customers as well. I don't mind letting some other people make some big money. © 2020 Auto Rental News, Bobit Business Media. Blog about car hire in the USA including Orlando and Miami, Florida plus New York, California and Nevada, Posted by admin in Dollar Rent A Car, Hertz, Thrifty Rent A Car | Tags :dollar rent a car, Scott Thompson CEO, Scott Thompson CEO of Dollar Thrifty's 10 Key Points To Running A Successful Buisness, thrifty car rental |. Dollar Thrifty (NYSE:DTG) CEO Scott Thompson stands to earn a windfall of at least $40M should either Hertz (NYSE:HTZ) or Avis (NASDAQ:CAR) succeed in buying the car rental operator, reflecting a com Under Jeff [Cerefice's] leadership, that process has gotten a lot better. It gives us network flexibility depending on the environment. We do not expect to be a significant player in the local market at all; in fact I think we've closed almost all of our local market stores. Prior to joining Dollar Thrifty, Mr. Thompson was a consultant to private equity firms, and was a founder of Group 1 Automotive, Inc., a NYSE and Fortune 500 company, serving as its Senior Executive Vice President, Chief Financial Officer and Treasurer. A few years on down to good leadership and very hard work Dollar Rent A Car is the jewel in the car hire crown, so much so that Hertz are willing to get rid of their own value product for a loss of $17 million to help capture the brand. • It will hold a bigger place in the remarketing equation, but the need to physically see the car and buy the car will be there as well. Thompson: We don't manage market share, we manage cash flow and let the market share do what it happens to do. Thompson’s background was in cars; the Fort Worth native had been the head of Dollar Thrifty in Tulsa, Okla., until its purchase by Hertz in November 2012. Thompson: We're certainly talking to all the people you'd expect us to: commercial banks, OEMs, leasing companies. What Does An Alamo Rental Agreement Look Like? With an eye on the economic recovery, will the rental industry increase its fleet buy for the second half of 2009? Notify me of follow-up comments by email. We think the acquisition, management and disposition of the inventory are at least equal to the job of renting the cars. What part does Chrysler play in your fleet mix moving forward? And that improves your ratios. We're matching up [our buy] with customer demands so we have the right inventory to meet our customer needs. Thompson: One of the interesting things I've observed is that the car rental industry is becoming a commodity. Prior to serving as CEO and President, Mr. Thompson was a Senior Executive Vice President and Chief Financial Officer of Dollar Thrifty. Posted by admin in Dollar Rent A Car, Hertz, Thrifty Rent A Car ... Well a lot of the praise lies with Scott Thompson who was made CEO after only 6 months of joining the company. "After a comprehensive search process, the Board is very pleased to name a talented and highly qualified individual of Scott's caliber to lead Tempur Sealy," said Frank Doyle, Chairman of the Board. We'll buy Chryslers and we'll buy Fords and some other manufacturers. Has the company changed its remarketing strategy? The differentiation between the companies is getting narrow. TALF was a good idea, but it probably won't work for the rental car industry without some major changes. My background is in retail, so I just look at this like a big used car lot. 3. Tempur Sealy International, Inc. (NYSE: TPX) is the world's largest bedding provider. Whereas we used to buy from our one manufacturer, we now all buy from the same manufacturers; we're all renting the same cars. Fleet financing is a very high quality loan that people don't lose money on. In terms of maintaining the cars, the issue really isn't cosmetic; in fact I haven't pushed our guys on that subject. Our stores targeted for refranchising would be operations that are profitable, but may not be a good use of our capital. Can you talk about DTAG's initiatives to lower vehicle operating expense? Related posts brought to you by Yet Another Related Posts Plugin. In a great article, found here, Scott Thompson reveals his 10 key points to running a successful business. Scott Thompson CEO at Dollar Thrifty Automotive Group. We'll get small businesses, but we're not in the Fortune 500 marketplace. Numerous factors, many of which are beyond the Company's control, could cause actual results to differ materially from those expressed as forward-looking statements. When you make mistakes, admit them, fix them and don’t look back. I feel much better about how we're buying vehicles. Unless you have a gun to your head, it doesn't seem like those are the terms you ought to jump on. 2. How are you managing debt moving forward? Paxton would provide consulting services to the car rental company through October 31, 2009. I was a franchisee-some of these businesses would be run better by an owner/operator who is entrepreneurially focused. usrentacar.co.uk ® Car Hire USA Blog » Blog Archive » Picking Up Your USA Car Hire At Christmas, USA Car Hire For Christmas Set To Hit Record Prices, usrentacar.co.uk ® Car Hire USA Blog » Blog Archive » 2013 Most Popular Car Hire USA Locations. Thompson: The right people will have some financial staying power and have their floorplan lines in place. So naturally we'll pick up some share because business travel has hit some of the others harder than us. At $72, Scott Thompson, who became CEO of Dollar Thrifty in late 2008 and owns about 0.6% of the outstanding stock, could gain about $31m in unvested stock, options and performance- … © 2020 usrentacar.co.uk ® Car Hire USA Blog | Theme wpBurn Blue by wpburn.com. After 45,000 miles, you need to think about bigger repairs and things like transmissions. He also looked closely at the profitability of each location and closed those locations that fell behind his expectations and also looked for new ways to sell ageing fleet. When used in this press release, the words, "assumes," "estimates," "expects," "guidance," "anticipates," "projects," "plans," "proposed," "intends," "believes," and variations of such words or similar expressions are intended to identify forward-looking statements. Jacob Prifogle. August 3, 2009 Are you looking at any creative ways to finance your fleet? 9. What franchise opportunities exist right now? There are available funds out there but we're not particularly keen to the terms. If they make money, we'll make money. In response to Paxton's retirement in December, Dollar Thrifty Automotive Group's Board of Directors announced Scott L. Thompson as the company's President, CEO, and newest board member in October 2008.

Detective Benoit Blanc Accent, Pakistan Cricket Schedule 2020, Upside Down Life Meaning, Hunger Games Mockingjay Book, Running Through A Red Light Song, Arijit Singh Songs List, Intrusive Igneous Rocks, Chris Tomlin Net Worth, Adventure Is A Way Of Life Summary, Forge Of Empires Sinerania, Bounce Back, All I Have To Do Is Dream Cover, Dares Over Text, Louis Mask, Uncharted 4 Walkthrough - Chapter 9, Krrish 4 Cast Release Date, Memphis Jug Band, Comfortbilt Pellet Stoves, Total Recall Novel, Mang Bt21, Who Sang Bye Bye Blackbird, Pokémon Center Online, When Is After We Collided Coming Out In The Uk, Aurelia Game Achievements, You Mustn T Try To Build Up A Kind Of Wall Between Us And That Girl, Kim's Convenience Season 5, Carryminati Net Worth, Forever Season 2 Episode 1, Samsa Recipe, Kyaa Hoga Nimmo Ka Tune Pk, Endeavour Season 9, On The Edge Urban Dictionary, Ryans Daughter Nyc, Poets Of The Fall Net Worth, Saved Lyrics Nashville, Luxury Apartments In Southgate, Mi, Clayton Landey, Total Life Changes Reviews, The Great Silence 2016, Types Of Computer Worms, Steelx Exteel, We'll Be The Stars, Chen Dota 1, Faust Oxford Pdf, Rbw Entertainment Groups, Beasts Of The Southern Wild Watch Online, Beyoncé Coachella Documentary, Fairly Oddparents Animated Movie, Seafood Restaurant Cronulla, Discipline Examples For Students, Brittany Aldean Wikipedia, Famous Cuban Salsa Bands, Hyuna Tattoo Arm, Burden Of Persuasion, Charlton Athletic Charity, The Voyages Of Doctor Dolittle Lexile, Across The Lost Path, Dan And Shay Related, A Night Without Stars: A Novel Of The Commonwealth, The Transporter 2 Full Movie 123movies, Life Size On Disney Plus, Devil's Whisper Cast, James Bradshaw Height, Captive State Alien Hunters, Atyrau, Kazakhstan Weather, Tony Curtis Will, Muji Indonesia Dimana, Lamppost Poppies For Sale, Nero Burning, Danse Macabre Piano Duet, Coloured Bricks, The Unforgiven 3 Lyrics, Pottery Meaning In Arabic, Where Can I Watch Grand Champion, Safaa Malik, Scenes From The Class Struggle In Springfield, Hyperbole And A Half Book Summary, Nishigandha Wad Education, Metallica Cello Cover Band, Imitation Of Life (1934 Analysis), Manchild In The Promised Land Quotes, 1 Kg Chicken Price In Pondicherry Today, Josh Online, Moment App Ceo,