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Update Discovery
Update iscovery
Salutes New Jersey
Chief Financial Officers and
CFO Studio Magazine
General Counsels to Maximize Efficiency and
Minimize Cost for E-Discovery
www.updatediscovery.com
Helping Chief Financial Officers and
Boston | Los Angeles | New Jersey | New York | Philadelphia |
San Francisco | Washington, DC
Larry Samilow
lsamilow@updatelegal.com
šŘŠ ŜŞŜ ŜŞŞŘ
UPDATE
DISCOVERY
Re-engineering Discovery
markets while at the same time produce operating synergies
of more than $30 million a year,” Wyshner explains. “We
believe, strategically, that it is very important to reunite our
brands on a global basis. These decisions allow us to offer a
consistent message for our brands worldwide.”
“And, the fact that we have been able to achieve all this
in a financially and strategically attractive fashion is both
important and satisfying.”
Keeping his Eyes on the Ball(s)
In addition to guiding the team that accomplished the
Avis Europe acquisition, Wyshner’s duties include overseeing
all financial duties at the company, as well as corporate
communications and information technology. He says he
balances it all by focusing on driving revenue, driving
shareholder value and growing profitably.
Mission, hopefully, accomplished. The company’s initiatives
to reduce costs and enhance productivity provided approxi-
mately $65 million of incremental savings in 2011 compared
to 2010, bringing the annual savings from the company’s
actions since 2008 to $575 million.
Outside of his Parsippany offices, however, he is focused
on the ball field – literally. Though 2011 was the year of the
huge Avis Europe deal, Wyshner looked back on it as the year
his daughter’s Little League team – the one he helped coach
– finished third out of eight teams. When Wyshner recalls the
story, his voice reveals more than a little bit of excitement.
“We won the playoffs!” he exclaims, reminding anyone within
earshot that success outside of the boardroom is just as
important as inside.
“I’ve been quite fortunate in terms of the opportunities
I’ve had so far,” Wyshner reflects. “I was a senior vice president
at age 31, an executive vice president at 33 and CFO of a
Fortune 500 company at age 39. I’ve had so many opportunities
to grow as a manager, as a finance team leader and as an
executive over many years. With that being said, I feel like
I have a long way to grow. There are always ways I think I
can grow, develop and do better. I want that for myself
and for Avis Budget.”
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