Europcar Group has appointed Caroline Parot as its new CEO, succeeding Philippe Germond, who is living the group.

Caroline Parot, CEO of Europcar

Ms Parot was previously deputy CEO of the group and Member of the Management Board. She joined Europcar in 2011 and was appointed Chief Financial Officer in March 2012. She started her career as Senior Manager Audit at Arthur Andersen and has previously held senior finance positions within the Technicolor Group (formerly Thomson) as group controller and technology segment chief financial officer.

The company said her appointment will help plans to accelerate the implementation of the group’s strategy of becoming a leader in global mobility solutions.

Jean-Paul Bailly, chairman of Europcar’s Supervisory Board, said: “Philippe Germond has played a leading role in Europcar’s successful IPO in June 2015 and the return to a strong profitability achievement of the Group. The Supervisory Board is very grateful to him for his role in this strategic move. We would like to thank him and we wish him all the best for the future, both professionally and personally. Today Europcar has entered a new phase of accelerating its strategic deployment and we are confident that Caroline Parot will lead the Europcar Group to success.”

Ms Parot added: “I am proud to embrace this new role and determined, together with my colleagues from the Management Board, the leadership teams, all employees and our international network, to accelerate the next phase of our profound transformation. My aim is to fuel our leadership with higher efficiency, stronger investments and broader diversification for the joint benefit of our customers, employees and shareholders. As the European leader, Europcar anticipates market trends, answers our customers’ needs and delivers ongoing innovation in the all-important sector of mobility.”