I look forward to continuing to partner with Joe to position the Company for long-term performance.”, “I’m honored to serve as the CEO of Avis Budget Group, a company where I have spent most of my career, and I deeply appreciate the trust the Board and my colleagues have placed in me,” said Mr. Ferraro. Avis Budget Group Inc. has launched an effort to find a new leader after its chief executive said he would leave the rental-car company. Please update your credit card information. to service its self-driving cars in Alphabet’s Waymo unit. has launched an effort to find a new leader after its chief executive said he would leave the rental-car company. Retail & Whsle - Discretionary. Avis Budget Group Inc. He has 40 years of experience with Avis Budget Group, holding various positions of increasing responsibility. I look forward to continuing to partner with Joe to position the Company for long-term performance.”, “I’m honored to serve as the CEO of Avis Budget Group, a company where I have spent most of my career, and I deeply appreciate the trust the Board and my colleagues have placed in me,” said Mr. Ferraro. Investor Contact: During Mr. De Shon’s tenure, Avis sought to remake its business of renting out vehicles and tie itself to changes rippling through the transportation sector. Car Rental & Rail United Continental Holdings Inc. “Larry has played an instrumental role in positioning Avis Budget for the future of mobility, while navigating through unprecedented industry challenges,” Leonard Coleman, chairman of the Avis board, said in prepared remarks. Enjoy more benefits with an Avis Preferred Account. Brian Choi was named Chief Financial Officer for Avis Budget Group in August 2020. Prior to this, Mr. Ferraro served as President, Americas, for Avis Budget Group. CAR:US 36.71 … Ganda joined the Barloworld Group in 2017 as Chief Financial Officer of Barloworld Equipment: Rental and Used, and Executive Head of Business Services, before moving to her current position. Mr. Insall has a Bachelor of Science degree in Computer Science from Saint John’s University in New York. Almost done! Joe’s collaborative leadership style and decisive strategic actions, including right-sizing our business to meet current demand, strengthening our balance sheet, and inspiring our team, have enabled Avis Budget Group to confront the challenges of the COVID-19 pandemic while continuing to innovate and serve our customers. Car Rental & Rail, Avis Budget Group Provides Leadership Update Previously, Mr. De Shon spent 28 years at the predecessor company of PARSIPPANY, N.J., June 15, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced that its Board of Directors has appointed Joe Ferraro, who has been serving as interim Chief Executive Officer, as CEO, effective immediately. 87990cbe856818d5eddac44c7b1cdeb8, Copyright © 2020 Dow Jones & Company, Inc. All Rights Reserved, SpaceX Capsule Arrives at International Space Station With NASA Crew, Russian State TV on U.S. Election: ‘Has Nothing to Do With Democracy’, Biden Pledge to Re-Enter Iran Nuclear Deal Will Face Major Hurdles. Please update the terms and condition section to go to Avis Preferred status. Accordingly, actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. Previously, Ms. Sera was a Vice President in the Legal Department of Cendant Corporation (as the Company was formerly known) from January 2002 to August 2006 where she supported the Finance function. In this role, she is responsible for the Company’s Avis, Budget, Payless and Zipcar brands in North and South America, including Latin America and the Caribbean. {{features.value}} litres, Confirmation: Almost done! In 2007, he was appointed Chief Executive Officer of car rental, part of Barloworld’s automotive division that included southern Africa and Scandinavian car rental operations. Ned Linnen is Executive Vice President and Chief Human Resources Officer (CHRO) of Avis Budget Group, a leading global provider of mobility solutions. All logos and marks as well as all other proprietary materials depicted herein are the property of Avis Budget Group and/or its subsidiaries. Avis Budget Group, Inc. is a leading global provider of mobility solutions, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network, with more than one million members. In this role, he is responsible for overall leadership of the company’s international region, which includes Europe, the Middle East, Africa (EMEA), Asia, Australia and New Zealand. We are sorry, we are unable to retrieve your Upcoming Reservations currently. hour hours, Starting Fuel Forward-Looking StatementsCertain statements in this press release constitute “forward-looking statements.” Any statements that refer to outlook, expectations or other characterizations of future events, circumstances or results, including all statements related to our future results, the impact of the coronavirus and the timing of and extent to which the travel industry will reopen, are forward-looking statements. We are confident he and Joe are the ideal team to move the Company forward in this unprecedented and challenging time, as well as over the long-term.”, For more information on Joe Ferraro assumed the role of interim Chief Executive Officer of Avis Budget Group at the start of 2020. Mr. Choi holds a Bachelor of Arts degree in Economics from Harvard University. CAR 1.23% Media Contact: If you already have a 6 digit Wizard number, {{vm.loyaltyDetails.points | number}} Mr. Ferraro was previously Senior Vice President of Operations, North America, where he oversaw all Avis and Budget car and truck rental operations in the United States and Canada, including airport and local market locations. Mr. Ferraro holds a Bachelor’s degree from Syracuse University. Check out Alaska Railroad's Winter Travel Packages & Day ... Don’t Miss the Chance to see Alaska’s Most ... Take the Holiday Traditions to Los Cabos This Season, Bowman’s Travel Brief: A Message for Anti-Cruisers, Catamaran Sailing in the British Virgin Islands, US State Travel Restrictions: Latest COVID-19 Requirements for November, The Safest Airlines in the Time of COVID-19, COVID-19 November Travel Restrictions: Latest Quarantine Rules for US States, Each State's Most Historically Significant Town to Visit, America's Safest Airports in the Time of COVID-19.
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