Mark Frissora

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Mark Frissora on CNBC

Mark Paul Frissora (born 1956) is the CEO and member of the Board of Directors of Caesars Entertainment. He officially became CEO of Caesars Entertainment on July 1, 2015.[1][2] Frissora was the Chief Executive Officer of Tenneco from 2000 until 2006 and The Hertz Corporation from 2006 until September 2014.[3] He was also the company’s Chairman of the Board of Directors from January 1, 2007[4] until he stepped down in September 2014.[5]

Early life and education

Mark Frissora was born in 1956 and has a BA from Ohio State University.[6] He also attended the Babson College and the Thunderbird School of Management, completing executive development programs at those two institutions.[7]

Career

From 1987 to 1991, Frissora worked in a variety of management positions at Philips Lighting Company.[8] He was with Aeroquip-Vickers as vice president from 1991-1996 and spent 10 years in marketing and brand management at General Electric.[7]

Tenneco

In 1996 Frissora moved to Tenneco, where he served in several management positions, including as Chairman and CEO from 2000-2006.[6]

During Frissora’s tenure, Tenneco's share price more than tripled.[9][10] The company earned two top Automotive Industry shareholder awards for delivering the highest one-year and three-year shareholder returns of any automotive supplier.[9] Under Frissora’s leadership, Tenneco gained leading market share positions in its products.[11] Frissora implemented a strategic plan to target growth markets, and focus on further diversifying revenue streams.[11] Frissora created a diversity of platforms, geography, customers, markets and product lines.[11][12]

Hertz Corporation

In July 2006, Frissora was appointed as the CEO of The Hertz Corporation on the eve of Hertz’s initial public offering.[13] In the summer of 2008, Hertz offered discounts on gasoline and other fees in order to make car rental more customer-friendly and affordable.[14]

While at Hertz (2006 – 2013), worldwide revenues increased 34% to $10.8 billion; worldwide car rental revenues went up 37% to $8.7 billion. U.S. off-airport locations doubled and revenues increased by 45% while North America non-construction equipment rental revenues diversified from 50 to 65%.[15] Global corporate and licensee location footprint increased from 7,600 to 11,200.[15][16]

Other major strategic developments during Frissora’s tenure at Hertz include the acquisition of Dollar Thrifty in 2012, expanding Hertz’s car rental brand portfolio.[17]

Recognition and awards

Frissora was named one of Business Travel News’ Most Influential Business Travel Executives of 2012.[18] In addition, he was presented with the 2012 Oliver R. Grace Award for Distinguished Service in Advancing Cancer Research by the Cancer Research Institute.[19]

Additional directorships

He is a Director of Delphi Automotive Plc.[20] He is also a member of the McKinsey’s CEO Advisory Council.[21]

Personal life

Mark Frissora is married to Jennifer. They have four children and two grandchildren.[22]

His son, Christopher, is married to businessman Michael Bloomberg's daughter, Emma.[23]

References

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  23. ↑ http://query.nytimes.com/gst/fullpage.html?res=9E01E5DA1138F931A25755C0A9639C8B63
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