Press Release: Cendant Corporation
November 7, 2001
NEW YORK, NY -- Cendant Corporation (NYSE: CD) yesterday announced that FISI-Madison Financial's President, Dan
Tarantin has been appointed FISI's new CEO with added responsibilities as CEO of Benefit Consultants, Inc. and
Long Term Preferred Care.
Tarantin succeeds Ken Keith, who has served as CEO since 1996. Keith will continue to serve the companies as a
consultant on potential strategic acquisitions, as well as transitional items.
``Dan's appointment as president and CEO is an important and exciting step in the next stage of our company's growth
and development,'' said John Chidsey, chairman and CEO of Cendant's Financial Services division, and chairman and
CEO of Cendant's Vehicle Services division. ``Dan's management and leadership experience, as well as his successful
tenure at Cendant, are great assets to this business unit.''
Before joining FISI-Madison in August, Tarantin served as president and CEO of Jackson-Hewitt Inc., the nation's
second-largest and fastest-growing tax preparation services firm. Under Tarantin's leadership, the company doubled
revenue and added nearly 1000 new locations.
Prior to his tenure at Jackson-Hewitt Inc., Tarantin was a founding member of Cendant's Preferred Alliance Group,
and was responsible for developing new business alliances and incremental revenue streams. He is credited with
helping to grow revenue in the Preferred Alliance group from roughly $10 million in 1994 to nearly $100 million
in 2000.
Tarantin holds an MBA in finance from Rutgers University in Newark, New Jersey.
About FISI-Madison Financial
Based in Franklin, with offices in Brentwood, FISI-Madison employs approximately 1,100 employees. The company provide
thousands of financial institutions across the nation with retail marketing, small business, e-commerce, and insurance
strategies that strengthen customer relationships and increase loyalty, profitability and customer satisfaction.
The company is a subsidiary of Cendant Corporation, a global leader in business and consumer services.
About Benefits Consultants, Inc.
Benefits Consultants, Inc. was founded more than 25 years ago to provide Accidental Death and Dismemberment (AD&D)
Insurance to credit unions. Since that time, it has grown to become one of the world's leading direct marketers
and administrators of insurance products and value-added programs to financial institutions.
About Long Term Preferred Care, Inc.
Long Term Preferred Care, Inc. is an independent, nationwide long-term care insurance marketing company. LTPC is
the fastest growing, largest organization of its kind in the nation.
About Cendant Corporation
Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately
60,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries.
More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's
Web site at http://www.Cendant.com or by calling 877-4-INFOCD (877-446-3623).
SOURCE: Cendant Corporation