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Avis Budget Group, Inc. (CAR)

54.60 Up 2.68(5.16%) 4:00PM EDT
|After Hours : 54.89 Up 0.29 (0.53%) 7:01PM EDT
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Avis Budget Group, Inc.
6 Sylvan Way
Parsippany, NJ 07054
United States - Map
Phone: 973-496-3500

Index Membership:N/A
Industry:Rental & Leasing Services
Full Time Employees:22,000

Business Summary 

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with approximately 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,350 car rental locations, which serve the value-conscious segments of the industry; Zipcar, a membership-based car sharing network that provides vehicles to approximately 860,000 members; and the Payless brand, which comprises approximately 125 vehicle rental locations, as well as operates Apex brand primarily in the deep-value segment of the car rental industry with approximately 19 rental locations. The company also operates local and one-way truck rental businesses with a fleet of approximately 23,000 trucks, which are rented through a network of approximately 1,300 dealers and 350 company-operated locations that serve the consumer and light commercial sectors. In addition, it provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, physical damage waivers, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

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Corporate Governance 
Avis Budget Group, Inc.’s ISS Governance QuickScore as of Oct 1, 2014 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 2; Compensation: 2.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Ronald L. Nelson , 61
Chairman, Chief Exec. Officer, Pres, Chief Operating Officer and Chairman of Exec. Committee
Mr. David B. Wyshner , 46
Global Chief Financial Officer and Sr. Exec. VP
Mr. Patric T. Siniscalchi , 64
Pres of Latin America/Asia-Pacific
Mr. Larry De Shon , 54
Pres of Europe, Middle East and Africa
Mr. Thomas M. Gartland , 56
Pres of North America
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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