| CEO Name | Joe Ferraro |
| Nationality | United States |
| Net Worth Estimation | $50 million |
Joe Ferraro, CEO of Avis Budget Group, is estimated to have a net worth of around $50 million primarily due to his long tenure, high executive compensation, and significant stock ownership in the company. These factors, combined with bonuses and incentives tied to company performance, contribute to his high net worth.
Joe Ferraro's estimated net worth of $50,000,000 is near the upper end of the rental business CEO net worth range, which spans from $1,000,000 to $60,000,000. His net worth represents approximately 83% of the category's maximum estimated value.
Business Category: Rental
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 60000000 USD
Joe Ferraro Performance in Avis Budget Group
Joe Ferraro, CEO of Avis Budget Group, demonstrates strategic leadership by driving innovation and operational efficiency within the car rental industry. His decisive decision-making focuses on digital transformation and customer-centric solutions, boosting revenue growth and market share. Ferraro's performance has significantly strengthened the company's competitive positioning and shareholder value through sustained financial improvement and enhanced brand reputation.
Latest News
Avis Budget Group Announces CEO Transition and Q4 Loss
Avis Budget Group reported a significant Q4 loss and named Brian Choi as incoming CEO, replacing Joe Ferraro who transitions to Board Advisor after 45 years. The company cited strong travel demand and a strategic focus on fleet management and customer experience improvements.
Source: http://www.investing.com/news/earnings/avis-budget-group-reports-q4-loss-announces-ceo-transition-93CH-3862874