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Avis Budget president and CFO resigns

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Avis Budget Group Inc.’s president and chief financial officer, David B. Wyshner, has resigned to pursue other opportunities, the rental car giant announced Friday.

Wyshner, who has served as CFO since 2006 and president since January 2016, will leave in June, according to a news release from the Parsippany-based company.

“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,” CEO Larry De Shon said in a prepared statement. “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.”

Martyn Smith, who was finance director of the Avis Budget EMEA subsidiary and of Avis Europe plc, will be interim CFO. The company is looking for a permanent replacement.

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