Europcar Mobility Group Opens New Chapter With Appointment of Holger Peters as Chairman of the Supervisory Board, Peter Gowers as Group Chief Executive Officer and Philip de Klerk as Chief Financial Officer and Members of the Management Board

Regulatory News:

Europcar Mobility Group (Paris:EUCAR) starts into a new chapter in its history, following today’s approval of the Combined Shareholders’ Meeting to establish a new governance structure. Holger Peters was elected as Chairman of the Supervisory Board. The Supervisory Board has appointed the experienced travel and technology executive Peter Gowers as the new Chairman of the Management Board and Group Chief Executive Officer. Peter Gowers succeeds Caroline Parot, who has decided to move onto a new challenge after more than a decade with the company, following the successful tender offer by Green Mobility Holding, a bidder consortium consisting of Volkswagen, Attestor and Pon Holdings. The Supervisory Board further announced the appointment of experienced finance leader Philip de Klerk as Chief Financial Officer. Peter Gowers and Philip de Klerk’s appointments will be effective immediately, ensuring a smooth transition from the previous management team.

Holger Peters, Chairman of the Supervisory Board of Europcar Mobility Group: “We are delighted to welcome Peter and Philip to their new roles. Peter is a highly experienced global executive with a background in brands, travel and technology transformation. His appointment will add key international leadership skills to complement the extensive capabilities in car rental and mobility services within the company and its shareholders. Philip brings great experience as a CFO in the consumer space. With this new, strong leadership team, Europcar Mobility Group will further accelerate its ongoing transformation into a leading mobility company, building on the company’s strengths and the milestones already achieved.”

Experienced travel, technology and transformation executive Peter Gowers becomes Chairman of the Management Board and Group Chief Executive Officer.

Peter Gowers is an international travel and technology executive, with more than twenty-five years’ experience in driving brands, customer experience, technology and transformation in Europe, Asia and the Americas, in both listed and private businesses.

He joins Europcar Mobility Group from European budget hotel operator Travelodge, where he recently served as Chief Executive. Prior to this, he was Chief Executive of Safestore Holdings, an Anglo-French services and real estate business. His experience also includes ten years with the global hotel operator InterContinental Hotels Group (IHG), serving successively as its Head of Strategy, Group Chief Marketing Officer and CEO for Asia-Pacific, and with the technology and strategy consulting firm Arthur D.Little.