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Monday December 9

Dollar Thrifty Automotive Group Announces Executive Management Changes

Dollar Thrifty Automotive Group, Inc., has announced changes to its executive management team. DTG previously announced its two operating companies (Dollar Rent A Car Systems, Inc. and Thrifty, Inc.), will be operating as a single company while continuing to support and grow both of its two strong brands independently (Dollar Rent A Car and Thrifty Car Rental).

Joseph E. Cappy remains DTG chairman and chief executive officer. Gary L. Paxton and Donald M. Himelfarb have been elevated to co-chief operating officers and co-presidents of DTG. The three have worked together as a team since 1993. Mr. Paxton, previously Dollar Rent A Car Systems, Inc. president, has been named DTG president and chief operating officer - corporate operations. Mr. Himelfarb, previously Thrifty, Inc. president, has been named DTG president and chief operating officer - marketing, franchising and administration.

DTG's new organization includes one of the most experienced senior management teams in the car rental industry. Prior to being named DTG chairman, chief executive officer and president in 1997, Mr. Cappy was a vice president of Chrysler Corporation and former chief executive officer and president of American Motors. Mr. Cappy is a 46-year veteran of the automotive and car rental industry.

Responsibilities for Mr. Paxton include all U.S. corporate operated locations, Canadian operations, international sales and development, fleet operations and car sales. Mr. Paxton has over 34 years of experience in the car rental industry.

Mr. Himelfarb will be responsible for U.S. franchise operations, brand sales and marketing, technology services and all administrative functions. Mr. Himelfarb has 29 years of car rental industry experience.

Steve Hildebrand remains DTG executive vice president and chief financial officer, a position he has served in since 1997. Mr. Hildebrand first joined the car rental industry in 1987 and held various senior management positions with Thrifty Car Rental and Pentastar Transportation Group prior to his appointment with DTG.

Other senior management executives, all with the title of executive vice president, and their respective areas of responsibility are: Scott Anderson, marketing and U.S. franchise operations; Jay Betz, fleet operations and car sales; Yves Boyer, Canadian operations; Jay Foley, U.S. corporate operations; Peter Guptill, international; Rich Halbrook, administration; David Sparkman, finance; Lloyd St. Clair, information services; and Vicki Vaniman, general counsel.

Dollar Thrifty Automotive Group, Inc. is headquartered in Tulsa, Oklahoma, and has over 5,000 worldwide employees in more than 70 countries. With operations at most major airports, Dollar and Thrifty have approximately 900 corporate and franchised locations in the United States and Canada.

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