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Article: Avis chief executive set to join private equity industry.
- Article from:
- Financial News
- Article date:
- September 2, 2003
CopyrightCOPYRIGHT 2003 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: William Hutchings
Mark McCafferty is to quit his post as chief executive of Avis Europe, the car rental business, to launch a career in private equity.Private equity firms have been increasingly seeking out senior people with operational expertise. McCafferty said he had been in talks with a number of private equity firms. He said: "The better houses are realising they need to a steady pool of experienced managers, particularly if they are going to do international deals. Although they have a ready supply of financial engineers and deal makers, they need someone who can run the companies they invest in."
The private equity advisory arm of KPMG, ...