“VP, Business Marketing” (NY/NJ Metro) Company Overview Avis Budget Group (NASDAQ: CAR) operates two of the leading global brands in the vehicle rental industry through Avis and Budget. Avis is a leading rental car supplier that primarily serves the premium commercial and leisure segments of the travel industry. Budget is a leading rental car supplier competing within value-conscious segments of the industry in the United States and other regions, and as a premium brand in Canada, the Caribbean and other parts of the world. Budget also operates one of the leading truck rental businesses in the U.S. The Avis Budget Group recently completed the acquisition of the Zipcar brand, which is the world's leading car sharing network, with more than 775,000 members. Annual revenue for the company exceeds $7.4 Billion, and the Avis Budget Group has an estimated enterprise value that exceeds $12 Billion. Avis Budget Group and its subsidiaries and licensees provide a complete range of vehicle rental services through 10,000 rental locations in approximately 175 countries around the world. The Company has three operating regions: North America, Europe, Middle East & Africa (EMEA) and Latin America/Asia Pacific. They own and operate most Avis and Budget car rental offices in North America, Europe and Australia, and they operate primarily through licensees in other parts of the world. Avis Budget Group has approximately 29,000 employees and is headquartered in Parsippany, NJ. For more information on the company, you can visit www.avisbudgetgroup.com. Past 12 Months (NASDAQ: CAR) © 2013 Wiser Partners, LLC Avis Budget Group ~ “VP, Business Marketing” Page 2 of 5 Scope of Responsibilities Segment-Based Marketing – Today, ABG competes in five, primary enterprise channels: (1) Large Commercial; (2) Mid-Market; (3) Small Business; (4) Local Market; and (5) Travel Partnerships. The new “VP, Business Marketing” will be responsible for developing a strategic, tightly coordinated Marketing plan to support Sales and help drive activity that fuels growth and development in each, unique business segment. Based on research, insights, trends data, and customer requirements, develop a segment-based strategy, designed to address the agendas of key commercial channels and accounts, and critical partnerships with airlines, hotel chains, online travel companies, travel agents, and credit card companies. Account Development – Building a highly integrated and collaborative relationship with the Sales organization (SVP, Sales and Sales leadership team), to develop annual strategic and tactical Marketing plans that are consistent with—and supportive of—ABG’s business development agenda. These plans must be designed to drive the company’s three, most critical measures of performance and success: (1) New account acquisition; (2) Existing account retention and satisfaction; and (3) Increasing account value by selling additional ABG solutions to existing accounts. This work will also include ongoing review of all ABG business development materials and content, ensuring alignment with ABG’s brand standards and core positioning. This new “VP” must be able to build credibility by understanding key account needs, identifying innovative solutions and operating with a high level of urgency, to help advance and deliver business goals. Brand Stewardship – Developing and communicating a unified “Avis Budget Group” voice to business customers and prospects that harnesses the distinct and differentiated equities and value propositions for the Avis, Budget, and Budget Truck brands. Serve as a passionate steward, advocate and gatekeeper, by leading governance and compliance with Brand Standards, Visual Brand Identities, etc., ensuring Sales, business customers and channel partners experience the brands in a clear, consistent way. Innovation – Leveraging B2B marketplace trends, business insights and working very closely with Sales, key account leaders, and key channel partners, seek opportunities to enhance delivery of ABG’s overall brand promise, by innovating both the way products and services are delivered, and the types of products and services being delivered. This work will be particularly important as the marketplace becomes increasingly competitive, and technology creates both challenges and opportunities. Business Communications – Ensure alignment across the entire ABG organization— particularly the Sales, Marketing, and Customer Experience teams—to ensure consistency in how the ABG brands are positioned and communicated across all five business segments, and communication vehicles (both offline and online). Responsible for embracing and deploying all critical corporate and brand communications (or standards for development), including tactical elements like Sales/Business Development materials, Print Advertising, Trade Show strategies and communications, White Papers, Partner Marketing materials, and all Interactive and Social Marketing (as-needed). Functional Leadership & Development – Build and shape a highly-effective, world-class ABG Business Marketing capability by hiring, training, motivating and setting leadership direction for all staff, both internal and external (including a variety of agency and supplier relationships). Continue to nurture a collaborative and account-oriented Marketing community, cross-functionally, within the ABG (particularly with Sales and the broader Marketing team). Review and enhance, where necessary, all Business Marketing processes, measurements, information systems, etc., that are needed to enable efficiency and effectiveness. © 2013 Wiser Partners, LLC Avis Budget Group ~ “VP, Business Marketing” Page 3 of 5 Performance & Success Measures Revenue growth and EBITDA targets, by business segment and partner channel Brand Health metrics (Awareness, Preference, Key Attributes), by segment/channel Marketing Effectiveness/ROI J.D. Powers and NPS tracking results 360-degree feedback from internal teammates (particularly Sales) External account feedback Reporting Relationship The new “VP, Business Marketing” will report directly to the Chief Marketing Officer, Ms. Jeannine Haas. Ms. Haas joined the Avis Budget Group in July of 2011, following a very successful 12-year run with American Express, where she held a number of senior Marketing positions, with increasing responsibility across Product Management, Business Development, Strategic Planning, Loyalty and Customer Marketing. Since joining Avis Budget Group, Jeannine has been leading a strategic marketing transformation marked by global rebranding, innovative advertising, media and channel optimization and launch of the Company’s integrated CRM system. Jeannine started her career at the Ford Motor Company, where she held positions of increasing responsibility in Marketing and Sales, Strategic Planning, and Business Development. Jeannine earned a BS in Marketing and Business from State University of New York at Oswego and an MBA from the University of Michigan. Staff & Resources This position will manage a team of eleven marketing professionals with three direct reports: 1) Director, Sales Resources & Development; and 2) Director, Business Marketing; and 3) Senior Manager, Trade. There are also significant external resources (AOR’s, consultants, business partners) supporting this position. Key Internal Operating Relationships Chief Marketing Officer SVP, Sales and other Sales leaders VP, Advertising & Global Brand Management VP, Consumer Marketing (Digital) VP, Distribution Directors, Business Marketing Key External Operating Relationships Corporate Accounts Airline Partners Hotel Chains Travel Agents © 2013 Wiser Partners, LLC Avis Budget Group ~ “VP, Business Marketing” Page 4 of 5 Compensation & Benefits Competitive base salary Annual performance bonus Stock options 401K with $1 for $1 match up to 6% after 1 year PTO/Vacation, Sick and Personal time Comprehensive health care benefits Relocation assistance if applicable Candidate Profile Experience Base B2B/Business Marketing – Direct B2B Marketing experience, from industries such as Pharmaceuticals, Financial Services, Information Services, Retail, Telecommunications, and Technology/E-Commerce, where Marketing is responsible for Positioning, Awareness, Lead Generation and Sales Support. Brand Management – Ideal, but not required, Brand Management experience (at least Brand Manager level), from a blue-chip CPG company such as PepsiCo, P&G, Unilever, J&J, General Mills, etc., or a non-CPG company with comparable emphasis on the importance of developing the Brand. Demonstrated experience in Positioning, Product and Portfolio Management, Marketplace Activation, Segmentation, Insights/Research Communication Strategy and New Products/Innovation. Sales Support – Superior customer relationship skills and a proven track record of success working within, or alongside, the Selling function (Sales, Customer Business Development, Trade/Customer Marketing) in a Marketing support role—again, ideally in a B2B environment. Functional Development – Demonstrated success building functional Marketing capabilities through process design, organizational development, recruiting and training. Additionally, there should be proven success delivering results with limited resourcespeople, money and time. Skill Set Listening skills (listen first, then respond) Intellectual horsepower (highly analytical & strategic) Strong relationship management and interpersonal skills (high EQ) Persuasion (proven ability to influence others towards an idea or goal) Complex problem-solving (create options, then converge) Innovative and creative thinking (need fresh thinking) Highly resourceful (stretches people and money; compresses time) Organized and attention-to-detail approach (strong tactical execution) People Management (talent acquisition, performance management and training) Collaborative and credible (works toward win-win; accountable) © 2013 Wiser Partners, LLC Avis Budget Group ~ “VP, Business Marketing” Personality Profile Sense of urgency Commercial mentality Team player Self-directed/motivated Flexible and adaptable Results orientation Enthusiastic, energetic Strong work ethic Low ego/status needs High integrity, authentic and trustworthy Search Contact David Wiser Principal Partner – Cincinnati, OH Office david@wiserpartners.com 513.919.4000 (M) File: Position Specification/ Avis Budget/ABG VP Business Mktg Spec (10 11 13-F-DW) © 2013 Wiser Partners, LLC Page 5 of 5