Symbotic (Nasdaq: SYM), an AI-enabled robotics technology leader for supply chain solutions, has announced a CFO transition. Izzy Martins, former EVP and CFO of Avis Budget Group, will join as CFO-designate on July 1, 2025, and assume the full CFO role on August 9, 2025. Martins brings over 20 years of financial leadership experience, including managing a $9 billion market segment at Avis. She succeeds Carol Hibbard, who will remain with the company through year-end to ensure a smooth transition. During Hibbard's tenure, Symbotic experienced revenue growth, expansion, and increased investment in innovation. The company emphasized Martins' strategic financial leadership and operational expertise as key factors in driving Symbotic's future growth and scale.
Symbotic (Nasdaq: SYM), leader nella tecnologia robotica abilitata all'IA per soluzioni nella catena di approvvigionamento, ha annunciato un cambio di CFO. Izzy Martins, ex EVP e CFO di Avis Budget Group, entrer脿 in carica come CFO designato il 1掳 luglio 2025 e assumer脿 il ruolo completo di CFO il 9 agosto 2025. Martins vanta oltre 20 anni di esperienza nella leadership finanziaria, inclusa la gestione di un segmento di mercato da 9 miliardi di dollari presso Avis. Prender脿 il posto di Carol Hibbard, che rester脿 in azienda fino alla fine dell'anno per garantire un passaggio di consegne senza intoppi. Durante il mandato di Hibbard, Symbotic ha registrato crescita dei ricavi, espansione e maggiori investimenti in innovazione. L'azienda ha sottolineato come la leadership finanziaria strategica e l'esperienza operativa di Martins siano fattori chiave per guidare la crescita e lo sviluppo futuro di Symbotic.
Symbotic (Nasdaq: SYM), l铆der en tecnolog铆a rob贸tica habilitada con IA para soluciones en la cadena de suministro, ha anunciado una transici贸n en el puesto de CFO. Izzy Martins, ex EVP y CFO de Avis Budget Group, se unir谩 como CFO designada el 1 de julio de 2025 y asumir谩 el cargo completo de CFO el 9 de agosto de 2025. Martins aporta m谩s de 20 a帽os de experiencia en liderazgo financiero, incluida la gesti贸n de un segmento de mercado de 9 mil millones de d贸lares en Avis. Reemplazar谩 a Carol Hibbard, quien permanecer谩 en la empresa hasta fin de a帽o para asegurar una transici贸n fluida. Durante el mandato de Hibbard, Symbotic experiment贸 crecimiento en ingresos, expansi贸n y mayor inversi贸n en innovaci贸n. La compa帽铆a destac贸 que el liderazgo financiero estrat茅gico y la experiencia operativa de Martins son factores clave para impulsar el crecimiento y la escala futura de Symbotic.
Symbotic (Nasdaq : SYM), leader en technologie robotique assist茅e par IA pour les solutions de cha卯ne d'approvisionnement, a annonc茅 une transition 脿 la direction financi猫re. Izzy Martins, ancienne EVP et CFO d'Avis Budget Group, rejoindra l'entreprise en tant que CFO d茅sign茅e le 1er juillet 2025 et assumera pleinement le r么le de CFO le 9 ao没t 2025. Martins apporte plus de 20 ans d'exp茅rience en leadership financier, notamment la gestion d'un segment de march茅 de 9 milliards de dollars chez Avis. Elle succ猫de 脿 Carol Hibbard, qui restera dans l'entreprise jusqu'脿 la fin de l'ann茅e pour assurer une transition en douceur. Pendant le mandat de Hibbard, Symbotic a connu une croissance de ses revenus, une expansion et un investissement accru dans l'innovation. La soci茅t茅 a soulign茅 que le leadership financier strat茅gique et l'expertise op茅rationnelle de Martins sont des facteurs cl茅s pour stimuler la croissance et le d茅veloppement futur de Symbotic.
Symbotic (Nasdaq: SYM), ein f眉hrendes Unternehmen f眉r KI-gest眉tzte Robotiktechnologie im Bereich Lieferkettenl枚sungen, hat einen Wechsel des CFO angek眉ndigt. Izzy Martins, ehemalige EVP und CFO der Avis Budget Group, wird am 1. Juli 2025 als CFO-Designierte beginnen und am 9. August 2025 die volle CFO-Position 眉bernehmen. Martins bringt 眉ber 20 Jahre Erfahrung in der Finanzf眉hrung mit, darunter die Leitung eines Marktsegments im Wert von 9 Milliarden Dollar bei Avis. Sie folgt auf Carol Hibbard, die dem Unternehmen bis zum Jahresende erhalten bleibt, um einen reibungslosen 脺bergang zu gew盲hrleisten. W盲hrend Hibbards Amtszeit verzeichnete Symbotic Umsatzwachstum, Expansion und erh枚hte Investitionen in Innovationen. Das Unternehmen betonte Martins' strategische Finanzf眉hrung und operative Expertise als Schl眉sselfaktoren f眉r das zuk眉nftige Wachstum und die Skalierung von Symbotic.
Positive
New CFO Izzy Martins brings extensive financial leadership experience with over 20 years in the field
Martins has proven track record managing large operations, including a $9 billion revenue segment at Avis Budget Group
Structured transition period with current CFO remaining until year-end ensures operational continuity
Company demonstrated growth and expansion under current CFO's leadership
Negative
Loss of experienced CFO Carol Hibbard who guided company through post-IPO period
Potential disruption in financial leadership during transition period
Time required for new CFO to adapt to company's specific operational model and challenges
WILMINGTON, Mass., June 09, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: ), a leader in A.I.-enabled robotics technology for the supply chain, today announced the appointment of Izzy Martins as Chief Financial Officer, effective August 9, 2025. Martins will join Symbotic as CFO-designate on July 1, 2025, succeeding Carol Hibbard who will depart to explore other opportunities. Hibbard will remain with the company through the end of the calendar year to ensure a smooth transition.
Martins brings more than 20 years of financial and business leadership experience to Symbotic, most recently serving as Executive Vice President and Chief Financial Officer at Avis Budget Group, Inc., where she was responsible for all financial operations. She previously served as Avis Budget Group鈥檚 Executive Vice President, Americas, where she was accountable for a market segment with over $9 billion of revenue and played a pivotal role in driving Avis鈥檚 post-pandemic transformation.
鈥淥n behalf of the Board and executive team, we are thrilled to welcome Izzy to Symbotic,鈥� said Rick Cohen, Chairman and CEO of Symbotic. 鈥淪he brings a strong track record of strategic financial leadership and deep operational expertise, and we look forward to her contributions as we continue to execute on our long-term plans for growth and scale.鈥�
鈥淚鈥檓 honored to join a company at the forefront of innovation and transformation,鈥� said Martins. 鈥淭he opportunity to help shape the future of the supply chain is truly energizing. I look forward to working closely with Rick and the leadership team to contribute to Symbotic鈥檚 next phase of growth and to maximize the value we deliver to our customers and shareholders.鈥�
During her time at Symbotic, Hibbard has played an important role in guiding the company through a period of revenue growth, expansion, and investment in innovation.
鈥淐arol has been a key leader through a critical chapter in our company鈥檚 post-IPO evolution, and a valued partner in our work to improve project execution while controlling costs, and delivering high-quality deployments more efficiently,鈥� said Cohen. 鈥淲e thank her for her contributions and her continued leadership during this transition and wish her well for the future.鈥�
Hibbard said: 鈥淚鈥檓 grateful for the opportunity to have worked with such a talented team. It has been a pleasure to serve as CFO at a critical time in the company鈥檚 journey. The business is in a strong position, and I look forward to contributing to a smooth transition and maintaining our positive trajectory.鈥�
ABOUT SYMBOTIC听 Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world鈥檚 largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit .听
FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements about Symbotic鈥檚 CFO transition and Symbotic鈥檚 expectations or predictions of future financial or business performance or conditions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in Symbotic鈥檚 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥�) on December 4, 2024. These forward-looking statements are expressed in good faith, and Symbotic believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made and are based on the beliefs, estimates, expectations and opinions of management on that date. Symbotic is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that Symbotic has filed or will file from time to time with the SEC.
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Izzy Martins, former EVP and CFO of Avis Budget Group, will become Symbotic's new CFO effective August 9, 2025.
When will Izzy Martins start as Symbotic's CFO?
Martins will join as CFO-designate on July 1, 2025, and assume the full CFO role on August 9, 2025.
Why is Carol Hibbard leaving Symbotic?
Carol Hibbard is departing to explore other opportunities but will remain with the company through the end of 2025 to ensure a smooth transition.
What is Izzy Martins' previous experience?
Martins has over 20 years of financial leadership experience, most recently serving as EVP and CFO at Avis Budget Group, where she managed a market segment with over $9 billion in revenue.
What did Carol Hibbard achieve during her tenure as Symbotic CFO?
During Hibbard's tenure, Symbotic experienced revenue growth, expansion, and increased investment in innovation, while improving project execution and cost control.
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