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Avis Budget digital chief to exit in Sept. 2026

Avis Budget Group, Inc. (CAR) reported that Ravi Simhambhatla, its Executive Vice President and Chief Digital & Innovation Officer, will be leaving the company.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Avis Budget Group, Inc. (CAR) reported that Ravi Simhambhatla, its Executive Vice President and Chief Digital & Innovation Officer, will be leaving the company. He will continue in his current role until September 30, 2026 to support a smooth transition.

The company expressed appreciation for his leadership and contributions over the past four years. No successor, compensation changes, or strategic shifts were described in this report.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Announcement date September 1, 2026 Date Avis Budget Group stated that Ravi Simhambhatla will be leaving
Last day in current position September 30, 2026 Date through which he will remain Executive Vice President and Chief Digital & Innovation Officer
Telephone number (973) 496-4700 Avis Budget Group registrant telephone contact
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Nasdaq Global Select Market market
"Common Stock, par value $0.01 | CAR | The Nasdaq Global Select Market"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.
Executive Vice President and Chief Digital & Innovation Officer financial
"that Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer, will be leaving"

FAQ

What executive change did Avis Budget Group (CAR) announce on September 1, 2026?
Avis Budget Group announced that Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer, will be leaving the company. He will remain in his current role until September 30, 2026 to help ensure a smooth transition.

What is Ravi Simhambhatla’s role at Avis Budget Group (CAR) and when does he depart?
Ravi Simhambhatla serves as Executive Vice President and Chief Digital & Innovation Officer. He will continue in this position until September 30, 2026, after which he will leave Avis Budget Group.

Did Avis Budget Group (CAR) state why Ravi Simhambhatla is leaving?
The company did not provide a specific reason for Ravi Simhambhatla’s departure. It stated that he will remain until September 30, 2026 for transition purposes and thanked him for his leadership and contributions over the past four years.

Did Avis Budget Group (CAR) name a successor to the Chief Digital & Innovation Officer?
No successor to Ravi Simhambhatla as Executive Vice President and Chief Digital & Innovation Officer is identified. The disclosure focuses on his planned departure and his continued service through September 30, 2026 to support a smooth transition.

Does this Avis Budget Group (CAR) 8-K include any financial or earnings information?
No. The report concerns the planned departure of Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer, and his service through September 30, 2026. It does not present financial results or earnings data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): September 1, 2026

 

Avis Budget Group, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-10308   06-0918165
(State or Other jurisdiction
of incorporation)		   (Commission
File Number)		   (I.R.S. Employer
Identification No.)

 

379 Interpace Parkway

Parsippany, NJ

   07054
(Address of Principal Executive Offices)   (Zip Code)

 

(973) 496-4700

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which
Registered
Common Stock, par value $0.01   CAR   The Nasdaq Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

  

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 1, 2026, Avis Budget Group, Inc. (the “Company”) announced that Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer, will be leaving the Company.  Mr. Simhambhatla will remain in his current position until September 30 to ensure a smooth transition.  The Company thanks Mr. Simhambhatla for his leadership and contributions over the past four years and wishes him well. 

 

 

   

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  AVIS BUDGET GROUP, INC.  
       
       
  By: /s/ Jean M. Sera  
  Name: Jean M. Sera  
  Title: Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary  

 

Date: September 1, 2026

 

 

 

 

   

 

Source: View Original Filing on SEC EDGAR

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