Tuesday, October 5, 2021
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Hertz Names Mark Fields as Interim CEO | Information

ESTERO, Fla., Oct. 5, 2021 /PRNewswire/ — Hertz introduced as we speak it has named Mark Fields as interim CEO and…

By Staff , in Car Rentals , at October 5, 2021

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ESTERO, Fla., Oct. 5, 2021 /PRNewswire/ — Hertz introduced as we speak it has named Mark Fields as interim CEO and Paul Stone as president and chief operations officer, as the corporate accelerates its dedication to guide the way forward for mobility and journey.

The strikes, efficient instantly, are a part of a imaginative and prescient for an all-new Hertz that mixes the enduring firm’s model power and international fleet administration experience with new expertise and improvements charting a dynamic, new course for journey, mobility and the auto trade.

“It is an extremely thrilling time for Hertz, and we could not be extra thrilled to have Mark’s management, first as a Board director and now as interim CEO,” stated Greg O’Hara, founder and senior managing director at Certares and Hertz’s chairman of the Board. “Mark’s intensive background in auto and expertise shall be essential as we remake Hertz for the long run. We’re constructing from a renewed place of power to reimagine the long run, and Mark’s continued management on the Board and stepping in for the second as interim CEO are essential subsequent steps to take us there.”  

Fields joined Hertz’s Board of Administrators in June. He is also a senior advisor at TPG Capital and former president and CEO of Ford Motor Firm, the place he served for 28 years. As well as, he’s Lead Unbiased Director of Tanium and serves on Qualcomm’s Board of Administrators.

“Hertz is a worldwide icon, and I am honored to assist lead the corporate into its subsequent 100 years,” stated Fields, who will work intently with the Board to implement the corporate’s strategic imaginative and prescient and can convey his expertise as a public firm CEO to bear as he leads Hertz’s interactions with the funding group. “Hertz’s unmatched international footprint shall be mixed with forward-looking investments that utterly change the face of journey and mobility. The world goes to be listening to so much from Hertz within the weeks and months forward.”

Stone, who previously was Hertz’s CEO, will companion as the corporate’s president and chief operations officer. He’ll guarantee a robust give attention to operations and customer support excellence. 

“The Hertz Board is deeply grateful to Paul for his service to the corporate throughout the restructuring course of,” stated O’Hara. “We had been delighted that Paul determined to proceed working with Hertz in a senior management function.”

Hertz has restructured its enterprise and posted sturdy monetary outcomes as journey rebounds and because of the corporate’s operational and monetary enhancements.

About Hertz

The Hertz Company, a subsidiary of Hertz International Holdings, Inc., operates the Hertz, Greenback and Thrifty automobile rental manufacturers all through North America, Europe, the Caribbean, Latin America, Africa, the Center East, Asia, Australia and New Zealand. The Hertz Company is among the largest worldwide automobile rental corporations, and the Hertz model is among the most acknowledged globally. Moreover, The Hertz Company operates the Firefly automobile rental model and Hertz 24/7 automobile sharing enterprise in worldwide markets and sells autos by means of Hertz Automotive Gross sales. For extra details about The Hertz Company, go to www.hertz.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press launch accommodates “forward-looking statements” throughout the that means of federal securities legal guidelines. Phrases comparable to “count on” and “intend” and comparable expressions establish forward-looking statements, which embody however should not restricted to statements associated to our positioning, technique, imaginative and prescient, ahead wanting investments, situations within the journey trade and our monetary and operational situation. We warning you that these statements should not ensures of future efficiency and are topic to quite a few evolving dangers and uncertainties that we could not be capable of precisely predict or assess, together with these in our danger components that we establish in our most up-to-date annual report on Kind 10-Okay for the 12 months ended December 31, 2020, as filed with the Securities and Trade Fee on February 26, 2021, and any updates thereto within the Firm’s quarterly stories on Kind 10-Q and present stories on Kind 8-Okay. We warning you to not place undue reliance on our forward-looking statements, which communicate solely as of their date, and we undertake no obligation to replace this data.

 

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SOURCE Hertz





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