Ronald L. Nelson Elected to Board of Directors of Convergys
Published August 20th, 2008
CINCINNATI - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announces the election of Ronald L. Nelson to its Board of Directors effective August 15, 2008. Mr. Nelson is currently Chairman and Chief Executive Officer of Avis Budget Group, Inc., one of the world’s largest general-use car rental companies and operator of the Avis and Budget brands in North America, Latin America, the Caribbean, Australia, and New Zealand.
The announcement was made today by Philip A. Odeen, non-executive Chairman of the Board of Convergys, who in welcoming Mr. Nelson to the Board said: “Ron’s deep business and financial experience will be of great value to us during a challenging time for the business. Ron has extensive experience in services businesses and deep involvement in both acquisitions and divestitures.”
Mr. Odeen also said that Sidney Ribeau, Ph.D., the outgoing President of Bowling Green State University, was resigning from the Convergys Board. Dr. Ribeau has recently been named the 16th President of Howard University in Washington, D.C. Mr. Odeen thanked Dr. Ribeau for his years of service as a Board member to Convergys and regretted that the demands of his new role at Howard resulted in his decision to resign from the Board. “We are losing a valuable colleague and a good friend. The Board and I will miss him greatly.”
Prior to his role at Avis Budget Group, which is the successor entity to Cendant Corporation following the spin-offs of the Cendant Real Estate and Hospitality Operations, Nelson, 56, served as President, Chief Financial Officer, and a Director, of Cendant. In those capacities, he was responsible for strategic and financial planning, treasury, financial reporting and accounting, internal audit, tax, investor relations, and corporate communications, as well as the administrative functions that served Cendant’s business units.
Prior to joining Cendant, Nelson served as Co-Chief Operating Officer of DreamWorks SKG since that company’s founding in 1994. Nelson also served as Executive Vice President, Chief Financial Officer, and a Director at Paramount Communications, Inc., formerly Gulf & Western Industries, Inc., where he was responsible for all financial functions, including mergers and acquisitions and strategy.
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