Background
Mark Frissora was born in 1956 and has a Bachelor from Ohio State University.
Mark Frissora was born in 1956 and has a Bachelor from Ohio State University.
He also attended the Babson College and the Thunderbird School of Management, completing executive development programs at those two institutions.
He officially became Chief Executive Officer of Caesars Entertainment on July 1, 2015. Frissora was the Chief Executive Officer of Tenneco from 2000 until 2006 and The Hertz Corporation from 2006 until September 2014. He was also the company’s Chairman of the Board of Directors from January 1, 2007 until he stepped down in September 2014.
From 1987 to 1991, Frissora worked in a variety of management positions at Philips Lighting Company.
He was with Aeroquip-Vickers as vice president from 1991-1996 and spent 10 years in marketing and brand management at General Electric. Tenneco In 1996 Frissora moved to Tenneco, where he served in several management positions, including as Chairman and Chief Executive Officer from 2000-2006.
During Frissora’s tenure, Tenneco"s share price more than tripled. The company earned two top Automotive Industry shareholder awards for delivering the highest one-year and three-year shareholder returns of any automotive supplier.
Under Frissora’s leadership, Tenneco gained leading market share positions in its products.
Frissora implemented a strategic plan to target growth markets, and focus on further diversifying revenue streams. Frissora created a diversity of platforms, geography, customers, markets and product lines. Hertz Corporation In July 2006, Frissora was appointed as the Chief Executive Officer of The Hertz Corporation on the eve of Hertz’s initial public offering.
In the summer of 2008, Hertz offered discounts on gasoline and other fees in order to make car rental more customer-friendly and affordable.
While at Hertz (2006 – 2013), worldwide revenues increased 34% to $10.8 billion. Worldwide car rental revenues went up 37% to $8.7 billion.
United States. off-airport locations doubled and revenues increased by 45% while North America non-construction equipment rental revenues diversified from 50 to 65%. Global corporate and licensee location footprint increased from 7,600 to 11,200.
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.
He is a Director of Delphi Automotive Plc. He is also a member of the McKinsey’s Chief Executive Officer Advisory Council.