Avis Budget Group Announces Chief Digital Officer Departure

What Happened

• On September 1, 2026, Avis Budget Group, Inc. (NASDAQ: CAR) filed a Form 8‑K (Item 5.02) announcing that Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer, will be leaving the company. Mr. Simhambhatla will remain in his current role through September 30, 2026 to ensure a smooth transition. The company thanked him for his leadership and contributions over the past four years.

Key Details

• Filing date and item: Form 8‑K filed September 1, 2026 (Item 5.02 — departure/election of officers/directors)
• Executive: Ravi Simhambhatla, Executive VP & Chief Digital & Innovation Officer
• Transition timeline: Announcement Sept 1, 2026; last day of service Sept 30, 2026 (to assist transition)
• Disclosure: Filing does not name a successor or disclose any financial terms related to the departure

Why It Matters

• This is a leadership change in a role responsible for digital strategy and innovation—areas that can affect customer experience, product development and operational efficiency. For investors, the key items to watch next are any announcement of a successor, updates on continuity of digital initiatives, or disclosures of related costs; the current 8‑K does not provide those details.