Symbotic Inc. (Nasdaq: SYM), 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’s 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’s post-pandemic transformation.
“On behalf of the Board and executive team, we are thrilled to welcome Izzy to Symbotic,” said Rick Cohen, Chairman and CEO of Symbotic. “She 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.”
“I’m honored to join a company at the forefront of innovation and transformation,” said Martins. “The 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’s next phase of growth and to maximize the value we deliver to our customers and shareholders.”
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.
“Carol has been a key leader through a critical chapter in our company’s post-IPO evolution, and a valued partner in our work to improve project execution while controlling costs, and delivering high-quality deployments more efficiently,” said Cohen. “We thank her for her contributions and her continued leadership during this transition and wish her well for the future.”
Hibbard said: “I’m 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’s journey. The business is in a strong position, and I look forward to contributing to a smooth transition and maintaining our positive trajectory.”
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