Europcar Group’s supervisory board today announced the appointment of Caroline Parot as chief executive officer, effective immediately.

She succeeds Philippe Germond, with a mandate to accelerate the implementation of the group’s strategy of becoming a leader in global mobility solutions.

Parot, who joined Europcar in 2011, has been a member of the management board since it was established in March 2015 and was most recently named deputy chief executive.

Since joining the company, Caroline has played a critical role in the transformation of Europcar, started in 2012, and in delivering the strong financial performance, thereby demonstrating the robust resilience of the group’s business model. 

Jean-Paul Bailly, chairman, Europcar supervisory board, said: “Philippe Germond has played a leading role in Europcar’s successful IPO in June 2015 and the return to a strong profitability achievement of the group.

“Europcar has entered a new phase of accelerating its strategic deployment and we are confident that Caroline Parot will lead the Europcar Group to success.”

Parot previously held senior finance positions within the Technicolor Group (formerly Thomson) as group controller and technology segment chief financial officer.

She started her career as senior manager audit at Arthur Andersen.

Parot said: “I am proud to embrace this new role and determined, together with my colleagues from the management board, the leadership teams, all employees and our international network, to accelerate the next phase of our profound transformation.

“My aim is to fuel our leadership with higher efficiency, stronger investments and broader diversification for the joint benefit of our customers, employees and shareholders.”