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Avis Budget Group

Avis Budget Group Appoints Joe Ferraro CEO

After a stint as interim CEO, Ferraro spent five years as president of the Americas division, responsible for the company’s Avis, Budget, Payless, and Zipcar brands in North and South America, including Latin America and the Caribbean.

Avis Budget Group Sheds 70% of Workforce

The company has laid off or furloughed 21,000 employees as a result of the coronavirus pandemic. April revenue is trending down 80% from the prior year. Similar trends are expected in May, but the company “expects a gradual recovery thereafter.”

Avis Appoints Interim Execs as CEO Search Continues

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.

Avis Surpasses 200K Connected Vehicle Mark

A fully connected fleet increases operational efficiency for Avis Budget Group by providing greater visibility into fleet usage and access to information in real-time.

Avis Honored at World Travel Awards

The awards are voted for by travel and tourism professionals and consumers worldwide, and this honor recognizes the brands’ commitment to excellence, with an ultimate industry accolade.

Avis Offers Verizon, Edison Tablets to Travelers

The Avis, Budget, and Payless Travel Assistants offers business and leisure customers an enhanced digital experience with features like a mobile hotspot, unlimited talk and text, and access to top apps for streaming media and gaming.