---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-001591"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2025-06-09T23:59:59+00:00"
generated_at: "2026-05-19T17:41:37.598677+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Avis Budget appoints Daniel Cunha as CFO; Izzy Martins departs June 30

## Summary
- Daniel Cunha becomes CFO effective July 1, 2025; Izzy Martins leaves on June 30 to pursue another opportunity.
- Martins will advise the Company through August 31, 2025, for orderly transition.
- Cunha receives $650k base salary, target annual incentive of 125% of base, and $1M RSU grant in July 2025.
- Cunha joins from Orion Services Group; previously CFO of Ocean Spray and Heinz North America.

## SEC filing metadata
- accession: 0000950142-25-001591
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2025-06-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000095014225001591/0000950142-25-001591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000095014225001591/eh250639373_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-001591
- JSON: https://secwatch.observer/filing/0000950142-25-001591.json
- Plain text: https://secwatch.observer/filing/0000950142-25-001591.txt

## Key facts
- Executive change
  Daniel Cunha was appointed as Chief Financial Officer at AVIS BUDGET GROUP, INC..
  - Action: will become
  - Role: Chief Financial Officer
  source text: Daniel Cunha will become Chief Financial Officer of the Company, effective July 1, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000095014225001591/0000950142-25-001591-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.