Avis Budget CEO Joe Ferraro to Step Down, Brian Choi Named Successor
Avis Budget’s Chief Executive Officer Joe Ferraro is stepping down and will be succeeded by Brian Choi, its chief ...
Avis Budget Swings to 4Q Loss Due to Fleet Rotation Acceleration
The loss reflects a change in strategy to accelerate fleet rotations, which resulted in shortening the life of most of the vehicles in the Americas' segment, Avis said. The financial impact was a ...
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Avis Budget Defends Strategy that Led to Q4 $2.5B Impairment
Outgoing Avis Budget Group CEO Joe Ferraro on a Wednesday earnings call defended the company's decision to significantly accelerate its fleet rotation strategy, which resulted in a fourth-quarter ...