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NATIONAL CAR RENTAL SYSTEM NAMES EXECUTIVE VICE PRESIDENTS, CFO CONSOLIDATES TOP MANAGEMENT TEAM

 NATIONAL CAR RENTAL SYSTEM NAMES EXECUTIVE VICE PRESIDENTS, CFO
 CONSOLIDATES TOP MANAGEMENT TEAM
 MINNEAPOLIS, March 18 /PRNewswire/ -- National Car Rental System, Inc. announced today the appointment of three executive vice presidents, one of whom was also named chief financial officer.
 Geoffrey E.H. Corbett, previously one of two National senior vice presidents of operations, was named executive vice president of sales and marketing. Reporting to Corbett will be all of the company's field and contract sales functions as well as National's worldwide reservations center. Phased in over the next six months will be responsibility for National's comprehensive marketing and advertising efforts.
 Jeffrey T. Hendrickson, also a National senior vice president, has been named executive vice president of operations. While responsibility for National's field operations had formerly been split between Corbett and Hendrickson, Hendrickson will now be responsible for all of the company's field operations, maintenance, properties and concessions, and licensee relationships. Phased in over the next six months will be responsibility for National's corporate fleet department.
 Hendrickson and Corbett will report to National's President and Chief Operating Officer Robert J. McKenna. According to McKenna, this latest move reflects a streamlining of National's management structure.
 "Both Jeff and Geoff have been with National for the last five years and have been essential to the evolution of our operations," said McKenna. "This adjustment at the top eliminates another layer of management, and positions us property to go after our share of the business -- commercial and leisure -- in a highly competitive industry."
 In addition, Larry D. Solberg has been named executive vice president and chief financial officer reporting to Chairman Thomas N. Murphy. Solberg was previously senior vice president of finance at the company.
 "National is on track to take a real leadership position in any number of areas in this industry," said Murphy. "And Larry's sound advice and management talent over the last few years have been key." Murphy also noted National's aggressive plan for growth in the industry as a reason for the personnel realignment.
 All three positions are effective March 31, 1992.
 National Car Rental features General Motors vehicles, and services over 4,600 locations worldwide with its partners Tilden in Canada, Nippon Rent-a-Car in Japan, and Europcar in Europe, Africa and the Middle East.
 -0- 3/18/92
 /CONTACT: Michael J. Olsen of National Car Rental, 612-830-2537/ CO: National Car Rental System, Inc. ST: Minnesota IN: LEI AUT SU: PER


DS -- MN003 -- 9134 03/18/92 10:09 EST
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Publication:PR Newswire
Date:Mar 18, 1992
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