Brian Choi is the CEO of Avis Budget Group (NASDAQ: CAR), one of the world’s largest vehicle rental companies with nearly $11.7 billion in annual revenue. Choi became CEO on July 1, 2025, succeeding Joe Ferraro who retired after a 45-year career at the company. A Harvard-educated finance professional, Choi previously served as Avis Budget Group’s CFO and Chief Transformation Officer. Under his leadership, the company has focused on tightening fleet discipline, strengthening its balance sheet, and enhancing customer experience across its Avis, Budget, and Zipcar brands.
Read on to discover Avis Budget Group CEO email address, Brian Choi net worth in 2026, salary and compensation, career history, education, and more.
Brian Choi – Quick Facts
| Brian Choi — At a Glance | |
|---|---|
| Full Name | Brian J. Choi |
| Position | Chief Executive Officer |
| Company | Avis Budget Group, Inc. (NASDAQ: CAR) |
| Age | 42 years (born c. 1983) |
| Education | B.A. Economics, Harvard University |
| Net Worth (Est.) | $13–15 million |
| Total Compensation | ~$5.4 million (FY2024, as CTO/CFO) |
| CEO Since | July 1, 2025 |
| Predecessor | Joe Ferraro (retired after 45 years) |
| [email protected] | |
| Headquarters | 379 Interpace Pkwy, Parsippany, NJ 07054 |
Career Highlights
- 2005–2007: Analyst, Leveraged Finance Group at Lehman Brothers
- 2007–2008: Associate at Metalmark Capital
- 2008–2016: Partner at SRS Investment Management, LLC
- 2016–2020: Board of Directors, Avis Budget Group
- 2020–2023: Executive Vice President & Chief Financial Officer, Avis Budget Group
- 2024–2025: Executive Vice President & Chief Transformation Officer, Avis Budget Group
- July 2025–Present: Chief Executive Officer, Avis Budget Group
Brian Choi Net Worth & Salary
As of 2026, Brian Choi’s net worth is estimated at approximately $13–15 million, based primarily on his disclosed Avis Budget Group stock holdings. According to SEC filings, Choi directly owns approximately 0.32% of the company’s outstanding shares, valued at roughly $13.24 million at current market prices.
In his prior role as EVP & Chief Transformation Officer for fiscal year 2024, Choi received total compensation of approximately $2.71 million, which included a base salary of $675,000 and stock awards of approximately $2 million. As CEO effective July 2025, his base salary was increased to $1.0 million with an annual incentive target of 150% of base salary and a long-term incentive award with an expected grant value of $3.75 million.
Brian Choi Compensation Breakdown
| Component | FY2024 (as CTO) | FY2025 CEO Terms |
|---|---|---|
| Base Salary | $675,000 | $1,000,000 |
| Annual Bonus Target | — | 150% of base ($1,500,000) |
| Stock Awards | $2,000,060 | $3,750,000 (expected) |
| Other Compensation | $34,036 | — |
| Total | $2,709,096 | ~$6.25M+ (est.) |
Key Insight: Choi’s predecessor Joe Ferraro earned $6.92 million in total compensation for FY2024. As CEO, Choi’s projected total compensation of approximately $6.25 million or more positions him in a similar range, with roughly 84% of expected pay tied to performance-based incentives.
Avis Budget Group Financial Summary
Avis Budget Group reported full year 2025 revenue of $11.65 billion and an adjusted EBITDA of $748 million, up 19% year-over-year. The company posted a GAAP net loss of $889 million, largely driven by a $518 million non-cash impairment charge related to its electric vehicle fleet restructuring. Underlying operational performance showed improvement, with Q4 2025 adjusted EBITDA turning positive at $5 million versus a $101 million loss in Q4 2024.
| Metric | FY2025 | FY2024 | YoY Change |
|---|---|---|---|
| Revenue | $11.65B | $11.79B | ▼ -1.2% |
| Adjusted EBITDA | $748M | $628M | ▲ +19.1% |
| Net Income (Loss) | ($889M) | ($1.82B) | ▲ Improved |
| Revenue per Day | $66.53 | $67.10 | ▼ -0.8% |
| Rental Days | 175.1M | 175.7M | ▼ -0.3% |
| Vehicle Utilization | 70.1% | 69.1% | ▲ +1.0 pps |
| Avg. Fleet Size | ~684,000 | ~695,000 | ▼ -1.6% |
| Locations Worldwide | 10,000+ | 10,000+ | — |
Turnaround Progress: CEO Brian Choi stated: “As we enter 2026, we’ve repositioned the business and turned a challenging fourth quarter into a catalyst for meaningful change. We are tightening fleet discipline, strengthening our balance sheet, and raising the bar on customer experience to drive sustainable earnings growth.”
Brian Choi Education & Early Life
Brian Choi earned a Bachelor of Arts in Economics from Harvard University. His career began in finance, working as an analyst in the Leveraged Finance Group at Lehman Brothers from 2005 to 2007. He then moved to Metalmark Capital (a former Morgan Stanley private equity unit) from 2007 to 2008, before joining SRS Investment Management, where he rose to the rank of partner over eight years.
Brian Choi Career History
Choi’s path to the Avis Budget Group CEO role was shaped by his deep background in investment management and corporate finance. At SRS Investment Management, he held various roles from 2008 to 2016, developing extensive expertise in the transportation and rental car industry. In January 2016, he joined the Avis Budget Group Board of Directors, serving as a board member through August 2020.
In August 2020, Choi transitioned from the boardroom to the executive suite, becoming Executive Vice President and Chief Financial Officer. In this role, he led the company’s financial strategy through the COVID-19 pandemic recovery and the subsequent rental car demand surge. In January 2024, he was named Chief Transformation Officer, tasked with driving operational improvements and cost efficiencies across the organization.
On February 11, 2025, Avis Budget Group announced that Choi would succeed retiring CEO Joe Ferraro effective July 1, 2025. Ferraro, who had spent his entire 45-year career at the company, transitioned to a Board Advisor role.
Brian Choi Career Timeline
| Period | Role | Organization |
|---|---|---|
| 2005–2007 | Analyst, Leveraged Finance Group | Lehman Brothers |
| 2007–2008 | Associate | Metalmark Capital |
| 2008–2016 | Partner | SRS Investment Management |
| 2016–2020 | Board of Directors | Avis Budget Group |
| 2020–2023 | EVP & Chief Financial Officer | Avis Budget Group |
| 2024–2025 | EVP & Chief Transformation Officer | Avis Budget Group |
| Jul 2025–Present | Chief Executive Officer | Avis Budget Group |
Avis Budget Group CEO Email & Contact
Below are the official contact details for Avis Budget Group CEO Brian Choi:
| Contact Information | |
|---|---|
| Email Address | [email protected] |
| Corporate HQ | 379 Interpace Parkway, Parsippany, NJ 07054 |
| Phone | (973) 496-4700 |
| Investor Relations | ir.avisbudgetgroup.com |
| Corporate Website | avisbudgetgroup.com |
| Brian Choi on LinkedIn | |
Brian Choi Personal Life
Brian Choi keeps his personal life private, and limited information is publicly available about his family. He is based in the New Jersey area near Avis Budget Group’s headquarters in Parsippany. At approximately 42 years of age, Choi is one of the youngest CEOs in the major car rental industry, bringing a data-driven, finance-oriented leadership style to the company.
About Avis Budget Group
Avis Budget Group, Inc. is an American multinational vehicle rental company headquartered in Parsippany, New Jersey. Founded in 1946, the company operates three major brands across more than 10,000 rental locations in approximately 180 countries worldwide.
| Brand | Segment | Description |
|---|---|---|
| Avis | Premium | Full-service car rental for business and leisure travelers |
| Budget | Value | Budget-friendly car and truck rental |
| Zipcar | Car Sharing | On-demand vehicle sharing in urban areas and university campuses |
Avis Budget Group Competitors
- Hertz Global Holdings – Hertz, Dollar, Thrifty brands
- Enterprise Holdings – Enterprise, National, Alamo (privately held)
- Europcar Mobility Group – Major European operator
- Sixt SE – German premium car rental expanding globally
- Turo – Peer-to-peer car sharing platform
Frequently Asked Questions (FAQ)
Who is the current CEO of Avis Budget Group?
Brian Choi has been CEO of Avis Budget Group since July 1, 2025. He succeeded Joe Ferraro, who retired after spending his entire 45-year career at the company.
What is Brian Choi’s net worth in 2026?
Brian Choi’s net worth is estimated at approximately $13–15 million, based primarily on his disclosed Avis Budget Group stock holdings of approximately 0.32% of outstanding shares.
What is the Avis Budget Group CEO’s salary?
As CEO, Brian Choi’s base salary is $1.0 million with an annual bonus target of 150% of base salary and a long-term incentive award expected at $3.75 million, bringing projected total annual compensation to approximately $6.25 million or more.
What is Brian Choi’s email address?
Avis Budget Group CEO Brian Choi’s email address is [email protected]. The company’s corporate headquarters can be reached at (973) 496-4700.
What did Brian Choi do before becoming CEO?
Before becoming CEO, Brian Choi served as Avis Budget Group’s EVP & Chief Financial Officer (2020–2023) and EVP & Chief Transformation Officer (2024–2025). Prior to Avis, he was a partner at SRS Investment Management and worked at Lehman Brothers and Metalmark Capital.
Where did Brian Choi go to college?
Brian Choi earned a Bachelor of Arts in Economics from Harvard University.
Article last updated: March 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice.