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Europcar gambles on new chief executive

Thursday, 11 September 20143 min read

Europcar has confirmed Philippe Germond, previously the head of French gaming business PMU, as its new chief executive officer from October 1.

Patrick Sayer, chairman of parent company Eurazeo’s Management Board, said: "We are extremely happy with Philippe Germond’s arrival as the Europcar Group’s CEO.

"In the course of his career, Philippe has amply proven his ability, particularly in listed companies, to support major transformation projects by anticipating change, and by making the companies he heads more digital and more customer-oriented."

Germond has also held the role of president of Atos Origin, president of French budget phone maker Alcatel, CEO of French phone network provider SFR – Cegetel, and a member of the management board of Hewlett-Packard.

Sayer added: "With Philippe on board, we can move confidently forward into the next stage of Europcar’s development, knowing that the management team is going to continue the impressive job of accelerating Europcar’s growth that it has accomplished these last few years."