Avis Budget Group, Inc. (CAR)

191.03 +1.91 (+1.01%) At close: 04:00PM EST

Avis Budget Group, Inc.

6 Sylvan Way
Parsippany, NJ 07054
United States
973 496 4700
https://www.avisbudgetgroup.com

Sector(s): Industrials
Industry: Rental & Leasing Services
Full-time employees: 18,500

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Bernardo Vieira Hees	Non-Independent Executive Chairman	1.02M	N/A	1970
Mr. Joseph A. Ferraro	CEO & President	4.81M	N/A	1957
Mr. Brian J. Choi	Executive VP & CFO	1.69M	N/A	1983
Ms. Izilda P. Martins	Executive Vice President of Americas	1.69M	N/A	1971
Mr. Ravindra Simhambhatla	Executive VP and Chief Digital & Innovation Officer	1.02M	N/A	1968
Ms. Cathleen DeGenova	VP & Chief Accounting Officer	N/A	N/A	1962
Mr. David T. Calabria	Treasurer & Senior VP of Corporate Finance	N/A	N/A	1975
Ms. Jean M. Sera	Senior VP, General Counsel, Chief Compliance Officer & Corporate Secretary	N/A	N/A	1970
Ms. Vanessa Wolczak	Head of Marketing	N/A	N/A	N/A
Mr. Edward P. Linnen	Chief Human Resource Officer & Executive VP	957.71k	N/A	1970

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of approximately 415 dealer-operated and 390 company-operated locations that serve the light commercial and consumer sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, Morini Rent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate customers. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

Corporate governance

Avis Budget Group, Inc.’s ISS governance QualityScore as of 1 December 2023 is 4. The pillar scores are Audit: 2; Board: 8; Shareholder rights: 3; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.