Avis Budget Appoints Permanent CEO and Executive Chairman

By Kurt Stolz on 16 June 2020
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Avis Budget Group announced the appointment of Joe Ferraro, currently the company’s interim CEO, to the position of chief executive officer. The company also named Bernardo Hees, currently chairman of the board, to the position of executive chairman.

Prior to December 2019, Mr. Ferraro was president of the Americas region at the company. The previous CEO, Larry De Shon, became CEO in January 2016, after a ten-year stint at the company.

Noting he had spent the majority of his career at Avis Budget, Mr. Ferrarro said he appreciates the “deep trust” the Board and my colleagues have placed in him.

Mr. Hees previously served as CEO of Kraft Heinz, Burger King Worldwide Holdings, and America Latina Logisitca.  He had succeeded Leonard Coleman as chairman, who will continue as a director.

(Photo: Accura Media Group)

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