GOOG 0.25% About Joe Ferraro Until his appointment to the Interim CEO role, Mr. Ferraro served as President, Americas, for Avis Budget Group. Mr. De Shon will remain in his current positions until his successor has been named and will continue to be employed by the Company until the end of the year to ensure a smooth transition. Car Rental & Rail 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. Syracuse University. 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. June 16, 2020. Avis Budget Group is headquartered in Parsippany, N.J. '+rentalHistory.pickLoc.locationCode}}. “Over the course of my career with the Company, I have seen firsthand how our success is driven by our commitment to delivering quality service for our customers and performance for our shareholders. The Investor Relations website contains information about Avis Budget Group's business for stockholders, potential investors, and financial analysts. Avis Budget Group Inc. Mr. Hees will partner closely with Mr. Ferraro and the rest of the management team in the areas of strategy, finance and digital mobility initiatives to help drive the performance of the Company. Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at avisbudgetgroup.com. {{features.value}} Gal Location services must be enabled to choose your Mr. Ferraro holds a Bachelor’s degree from Syracuse University. Prior to this, Mr. Ferraro served as President, Americas, for Avis Budget Group. Larry has played an instrumental role in positioning Avis Budget for the future of mobility, while navigating through unprecedented industry challenges. Avis Budget Group’s CEO Search Committee, led by Director Lynn Krominga, Chair of the Corporate Governance Committee of the Board of Directors, is conducting a thorough search process to identify a permanent CEO. The Company also announced that Bernardo Hees, who has been serving as Independent Chairman of the Board, has been named Executive Chairman. Avis Budget Group is a growing company offering robust compensation, excellent training and many ways to advance. In this role, Mr. Ferraro was responsible for the Company’s Avis, Budget, Payless and Zipcar brands in North and South America, including Latin America and the Caribbean. Almost done! On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. Ramasela Ganda is the newly appointed Chief Executive of Avis Budget Southern Africa, taking the helm of all car rental operations in Sub-Saharan Africa. CAR 1.23% Leonard S. Coleman, Chairman of the Board, said: “During his 40 years at Avis Budget Group, Joe Ferraro has proven that he is a strong and dynamic leader, and we are pleased to name him our Interim CEO. About Joe FerraroUntil his appointment to the Interim CEO role, Mr. Ferraro served as President, Americas, for Avis Budget Group. I am confident we have the team and tools to provide our customers with innovative, safe and quality service as the travel industry begins to reopen.”, Lynn Krominga, Director, and Chair of the Corporate Governance and CEO Search Committees of the Avis Board, stated, “The search committee and the entire Board are excited Bernardo has taken on this new and important role. As interim CEO, Joe has demonstrated an unparalleled ability to lead the organization and inspire his colleagues in the face of unprecedented challenges to our business. Prior to this, Mr. Choi served on the Board of Directors of the Company from January 2016 to 2020. 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. Avis Budget Group operates most of its car rental offices in North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world. Please update your credit card information. Previously, Mr. De Shon spent 28 years at the predecessor company of View current employment opportunities at Avis Budget Group … Car Rental & Rail, Hertz Expands Monthly Vehicle Subscription Service Avis Budget Group Announces CEO Succession Posted May 28, 2019 May 29, 2019 teemavis PARSIPPANY, N.J., May 28, 2019 — Avis Budget Group, Inc. (NASDAQ: CAR) today announced the planned departure of President and Chief Executive Officer Larry De Shon after a … Only {{vm.customerData.profCompStep}} step to go between you and Avis Preferred status. Avis Budget Group, Inc. (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. Ned Linnen is Executive Vice President and Chief Human Resources Officer (CHRO) of Avis Budget Group, a leading global provider of mobility solutions. Izzy Martins was named Executive Vice President, Americas, for Avis Budget Group in June 2020. Car Rental & Rail, Avis Budget Group Provides Leadership Update has launched an effort to find a new leader after its chief executive said he would leave the rental-car company. Prior to this, Mr. Ferraro served as President, Americas, for Avis Budget Group. In this role, he oversees Avis Budget Group’s global human resources activities including: organizational development, labor and employee relations, talent acquisition and diversity strategies, total rewards strategies, equal employment compliance, health and safety, and employee engagement initiatives. Eric Bowman, Catamaran Sailing in the British Virgin Islands Mr. Coleman concluded: “On behalf of the Board and everyone at Avis Budget Group, I’d like once again to thank Larry for his many contributions and years of extraordinary leadership.”. Mr. Rankin holds B.Com and B.Com (Honors) degrees from the University of Stellenbosch, in Stellenbosch, South Africa. © Copyright 1999-2020. Prior to joining the Company, Ms. Sera was an associate with the law firm of Shearman & Sterling in New York. Alaska Railroad, Check out Alaska Railroad's Winter Travel Packages & Day ... 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. Car Rental & Rail, Avis Budget Group Surpasses 200,000 Connected Vehicle Mark Maintenance updates are in progress. Airlines & Airports, Copyright © 2020 Northstar Travel Media, LLC. Katie McCall For full Avis and Amazon benefits, after logging in with Amazon you'll need to log in to Avis and link your accounts. 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. Impacting Travel, Each State's Most Historically Significant Town to Visit Avis Budget Group, Hertz Expands Monthly Vehicle Subscription Service, How Alaska Railroad Is Making Train Travel Safer Amid COVID-19, Travelers Can Feel Even Safer on Amtrak With Increased Health and Safety Measures, 'Go Big' With Latest Flash Sale From Amtrak Vacations and Railbookers, High-Speed Train Connecting Vegas and SoCal Is Delayed. In addition, Avis will employ Mr. De Shon until the end of the year to ensure a smooth transition to new leadership. Connection Failed or Some Error occurred. Joe Ferraro assumed the role of interim Chief Executive Officer of Avis Budget Group at the start of 2020. Avis Budget Group, Inc. (NASDAQ:CAR) Q3 2020 Earnings Conference Call October 30, 2020 08:30 AM ET Company Participants David Calabria - Treasurer and … In 2011, Avis Budget Group acquired Avis Europe, an independently-owned company licensee, globally reuniting the Avis and Budget brands. Only {{vm.customerData.profCompStep}} steps to go between you and Avis Preferred status. 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. Interim CEO, Avis Budget Group Inc. EDUCATION. “Over the past few months, our ability to act quickly to reposition the business for success is a testament to the outstanding work and dedication of all our employees. Airlines & Airports, COVID-19 November Travel Restrictions: Latest Quarantine Rules for US States Car Rental & Rail. Avis Budget Group’s CEO Search Committee, led by Director Lynn Krominga, Chair of the Corporate Governance Committee of the Board of Directors, is conducting a thorough search process to identify a permanent CEO. car. The Company undertakes no obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. Joe Ferraro was appointed President and Chief Executive Officer for Avis Budget Group in June 2020, following a six-month period as interim CEO. Destination & Tourism, America's Safest Airports in the Time of COVID-19 About Avis Budget GroupAvis 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. PR@avisbudget.com Mr. De Shon, who is 59, took over the CEO position at Avis in January 2016. Mr. Ferraro, a long-time Avis Budget executive, most recently spent five years as President of the Americas division, where he was responsible for the Company’s Avis, Budget, Payless and Zipcar brands in North and South America, including Latin America and the Caribbean. Alphabet Inc. About Avis Budget GroupAvis 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, Mr. Ferraro was responsible for the Company’s Avis, Budget, Payless and Zipcar brands in North and South America, including Latin America and the Caribbean. 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. 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. Accordingly, actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. Days. We are fortunate to have a deep bench of talent at Avis Budget Group, and we are confident that Joe and the rest of our management team will continue to provide steady leadership as we continue our search for a permanent CEO.”, “I am pleased to step into the Interim CEO role,” said Mr. Ferraro. Please check your browser's setting. Donald Wood 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. 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. {{trips.fromCode}} - Please update your credit card information. CURRENT PRICE. In this role, Ms. Sera is responsible for the Company’s global Legal Department, which includes the Compliance function. EXECUTIVE VICE PRESIDENT AND CHIEF INFORMATION OFFICER. I look forward to working with our entire global team to continue to execute on our strategy.”. Your rental ends in {{rentalHistory.rentalEndsIn}} Mr. Insall has a Bachelor of Science degree in Computer Science from Saint John’s University in New York. 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 said its board has formed a committee to find a new CEO. Days, Your rental ends in {{rentalHistory.hoursInRental}} “I appreciate the support of the Board, my management team, and our employees during my time as CEO, and I am confident Avis Budget Group is well positioned to continue building on its momentum and driving growth for years to come.”, About Avis Budget GroupAvis 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. Please enter your My Avis password to login, Login is not required to complete your reservation. Ramasela Ganda is the newly appointed Chief Executive of Avis Budget Southern Africa, taking the helm of all car rental operations in Sub-Saharan Africa. Please activate your profile to view upcoming reservations. IR@avisbudget.com, Avis Budget Group Provides Leadership Update. Barloworld is a distributor of leading global brands, providing integrated rental, fleet management, product support and logistics solutions – and a licensee partner of Avis Budget Group. Previously, Mr. Choi served as an analyst in the Leveraged Finance Group at Lehman Brothers. Joe Ferraro was appointed President and Chief Executive Officer for Avis Budget Group in June 2020, following a six-month period as interim CEO. Prior to joining the Company, she served Deloitte & Touche LLP for seven years. Avis Budget Group, Inc. announced that its Board of Directors has appointed Joe Ferraro, who has been serving as interim Chief Executive Officer, as CEO, effective immediately. Write to Micah Maidenberg at micah.maidenberg@wsj.com, Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Destination & Tourism, The Safest Airlines in the Time of COVID-19 Mr. Rankin began his career at Avis in 1998 and was appointed Chief Executive of Avis Car Rental Southern Africa in 2004. We are pleased that we will continue to have access to Larry’s insights.”, “Throughout all of my years with Avis Budget Group, I have been continuously inspired by the talent, performance and dedication of my colleagues across the globe and their steadfast commitment to the Company’s mission of delivering excellent service and innovative solutions for our customers,” said Larry De Shon. Almost done! Avis Budget Group Announces Chief Financial Officer... Avis Budget Group and Fiat Chrysler Automobiles Sign New... Avis Budget Group Provides Leadership Update, Avis Budget Group Surpasses 200,000 Connected Vehicle Mark, Study Finds Top Concern When Traveling During COVID-19, Start Planning your 2021 Trip to Alaska with Alaska Railroad. BOARD MEMBERSHIPS--INDUSTRY. He has 40 years of experience with Avis Budget Group, holding various positions of increasing responsibility. Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at www.avisbudgetgroup.com, For press inquiries contact pr@avisbudgetgroup.com, Avis Budget Group Reports First Quarter 2019 Results, Avis Car Rental Enhances Mobile App Experience with New Split Payment Feature, Avis Budget Group Reports Positive Earnings and Removes an Additional $1 Billion of Expenses in Third Quarter, Avis Budget Group To Announce Third Quarter 2020 Results On October 29th, Avis Budget Group Announces Chief Financial Officer Transition, Avis Budget Group Removes over $1 Billion in Expenses in Second Quarter to Mitigate Impacts of COVID-19, Avis Budget Group To Deliver Avis Safety Pledge and Budget Worry-Free Promise Through Agreements with Lysol, Hip Hop Public Health and Renowned Group of Medical Professionals, Avis Budget Group Reports First Quarter 2020 Results and Pandemic Response Actions, Avis Budget Group Delivers Record Fourth Quarter Revenue Driven By Overperformance in the Americas. Prior to this, Mr. Ferraro served as President, Americas, for Avis Budget Group. Mr. Ferraro, a long-time Avis Budget executive, most recently spent five years as President of the Americas division, where he was responsible for the Company’s Avis, Budget, Payless and Zipcar brands in North and South America, including Latin America and the Caribbean. Please update the terms and condition section to go to Avis Preferred status. Joe Ferraro was appointed President and Chief Executive Officer for Avis Budget Group in June 2020, following a six-month period as interim CEO. to service its self-driving cars in Alphabet’s Waymo unit. Mr. Choi holds a Bachelor of Arts degree in Economics from Harvard University. PARSIPPANY, N.J., May 28, 2019 — Avis Budget Group, Inc. (NASDAQ: CAR) today announced the planned departure of President and Chief Executive Officer Larry De Shon after a 13-year career with the Company. Our fast-paced setting, supportive management and collaborative culture will keep you engaged, motivated and always moving forward. Ms. Martins has been with Avis Budget Group for 15 years in a number of senior strategic and financial roles. Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this press release include, but are not limited to, the severity and duration of the COVID-19 outbreak and related travel restrictions, the ability or desire of people to travel due to travel restrictions and stay-at-home and other similar orders, the possibility of future waves of coronavirus infections and the other factors described in the “Risk Factors” and “Forward-Looking Statements” sections of Avis Budget Group’s Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the three months ended March 31, 2020. Enjoy more benefits with an Avis Preferred Account. Ms. Martins was Director of Tax Planning and Mergers & Acquisitions of Cendant Corporation (as the Company was formerly known) from 2004 through 2006. 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. Hees will partner closely with Mr. Ferraro and the rest of the management team in the areas of strategy, finance and digital mobility initiatives to help drive the performance of the Company. The Future of Retail: How Will the Pandemic Change How We Shop? Investor Contact: Avis Budget Group https://www.wsj.com/articles/avis-budget-chief-executive-to-depart-11559047832. Mr. Rankin joined the Company in June 2019 from Barloworld in South Africa, where he held the position of Chief Executive for the automotive division since March 2015. 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.”. Mr. Choi was a partner at SRS Investment Management, LLC and certain of its affiliates and served in various roles at SRS from 2008 to 2020. Ms. Sera has a BA from the University of New Hampshire and a JD from Boston University. 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. Avis Budget Group Appoints Joe Ferraro Chief Executive Officer. Joe Ferraro is President/CEO at Avis Budget Group Inc. See Joe Ferraro's compensation, career history, education, & memberships. Mr. Ferraro, a long-time Avis Budget executive, most recently spent five years as President of the Americas division, where he was responsible for the Company’s Avis, Budget, Payless and Zipcar brands in North and South America, including Latin America and the Caribbean. “Over the past few months, our ability to act quickly to reposition the business for success is a testament to the outstanding work and dedication of all our employees. As interim CEO, Joe has demonstrated an unparalleled ability to lead the organization and inspire his colleagues in the face of unprecedented challenges to our business. Prior to this role, Ms. Martins held various strategic and financial roles with the Company, including Senior Vice President and Chief Financial Officer, Americas, from 2014 to 2020; Senior Vice President and Acting Chief Accounting Officer from 2010 to 2014; and Vice President of Tax from 2006 to 2010. He holds has a Master of Science degree in Organizational Development from Misericordia University and a Bachelor of Science degree in Human Resources and Psychology from King’s College. 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 WELCOME, {{vm.customer.firstName | uppercase }}, WELCOME {{vm.customer.firstName | titleCase}}, WELCOME, {{vm.customer.firstName | uppercase}}, Welcome, {{vm.customer.firstName| uppercase}}, Welcome {{vm.customer.firstName| titleCase}}, California – Do Not Sell My Personal Information, Get the #1 Ranked Rental Car Travel App in Customer Satisfaction >. He has 40 years of experience with Avis Budget Group, holding various positions of increasing responsibility. Commenting on Mr. Ferraro’s appointment, Mr. Hees said: “The Board of Directors is pleased to appoint Joe as our new Chief Executive Officer. {{features.value}} litres, Current Fuel Mr. Linnen joined Avis Budget Group in 2001, and has since held positions of increased responsibility, including Senior Vice President of Human Resources for North America, Vice President of Labor Relations, Vice President of International Human Resources, Vice President of Domestic Human Resources, and Field Human Resources Director. 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. Click here to learn more. PARSIPPANY, N.J., Dec. 4, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) today announced that Chairman and Chief Executive Officer Ronald L. Nelson has been recognized by Business Travel News as one of the “Top 25 Most Influential Executives” in corporate travel. President Trump Signals Possibility of Losing the Election, Get a 20% American Eagle coupon with your new AEO Connected credit card, 40% off shoes with Foot Locker promo code, Extra 20% off with Black Friday Macy's promo code, Sign up to email and get a 50% Booking.com coupon, Expedia promo code - Additional 8% off most hotel stays, Earn a 10% Priceline coupon and book today, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. All rights reserved. Avis said Tuesday that Chief Executive Larry De Shon will remain in his job until the company names a successor. Click&Boat, US State Travel Restrictions: Latest COVID-19 Requirements for November Please try again later or contact Customer Care for further assistance. https://finance.yahoo.com/video/avis-budget-group-ceo-leisure-153049815.html Your Facebook information, including your name, photo & any other personal data you make public on Facebook will appear with your comment, and may be used on TravelPulse.com. Alaska Railroad, Take the Holiday Traditions to Los Cabos This Season Prior to joining Avis Budget Group, Mr. Linnen served in various positions within human resources at Kraft Foods Inc. and Nabisco, Inc. 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. {{rentalHistory.confirmationNumber}}, {{rentalHistory.pickLoc.name+', {{features.value}} Gal Joe Ferraro assumed the role of interim Chief Executive Officer of Avis Budget Group at the start of 2020. I am confident we have the team and tools to provide our customers with innovative, safe and quality service as the travel industry begins to reopen.”, Lynn Krominga, Director, and Chair of the Corporate Governance and CEO Search Committees of the Avis Board, stated, “The search committee and the entire Board are excited Bernardo has taken on this new and important role. Once you complete your profile you'll be able to skip the counter, earn points and more. 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. You may use your Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy.
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