Hertz Global Holdings, Inc. (NASDAQ: HTZ), a leading global rental car company, today announced that Gil West, former Chief Operating Officer of Delta Airlines and GM’s Cruise unit, will become Chief Executive Officer effective April 1, at which time he will join the Board. West will succeed Stephen Scherr, who has decided to step down […]
Hertz to Reduce EV Fleet by 20,000 Vehicles on Soft Rental Demand and High Repair Costs
Hertz Global Holdings (NASDAQ: HTZ) announced today it will sell about 20,000 of the electric vehicles in its fleet. In an interview on CNBC today, Stephen Scherr, CEO of Hertz explained that the rental company was reducing its fleet due to lower demand for EV rentals and the higher costs associated with EV damage repairs. […]
Justin Keppy Named Chief Operating Officer at Hertz
Hertz Global Holdings, Inc., (NASDAQ: HTZ), today announced that Justin Keppy will join the company as Executive Vice President and Chief Operating Officer, effective November 15. In this role, Keppy will be responsible for running the day-to-day operations of the company’s global business. Keppy joins Hertz from Carrier Corporation where he most recently served as […]
Hertz Corporation’s Kristle Bollans Joins Collision Repair Education Foundation Board of Directors
The Collision Repair Education Foundation (CREF) announced Kristle Bollans, Senior Director of Replacement Accounts for The Hertz Corporation, to its Board of Directors. “The Foundation is thrilled to have Kristle join our Board of Directors,” shares CREF Executive Director Brandon Eckenrode. “Her industry experience will certainly be a major asset, and I look forward to […]
Hertz Announces President and COO Paul Stone to Step Down September 30
Hertz Global Holdings, Inc. (NASDAQ: HTZ) announced that Paul Stone, Chief Operations Officer and President, will step down from his role effective September 30, to pursue opportunities in the retail sector, where he began his career. Paul will remain employed with the company in a transitional capacity through October 31. The company will conclude a […]
Hertz Announces Departure of Chief Financial Officer
Hertz Global Holdings, Inc. (NASDAQ:HTZ) announced that it has appointed Alexandra Brooks, its Chief Accounting Officer, as interim Chief Financial Officer effective April 1. Ms. Brooks will replace Kenny Cheung, who is leaving the company to pursue another professional opportunity in a different industry. Hertz is initiating a formal search process for the selection of […]
Hertz Supports High Schools and Colleges Through Collision Repair Education Foundation
Hertz has repeatedly proven its dedication to high school and college collision repair schools and students through its generous support and sponsorship of the Collision Repair Education Foundation (CREF), contributing over $125,000 to the industry’s future in 2022. “CREF is so grateful to Hertz for its ongoing commitment to the students pursuing a collision career […]
Hertz Plans to Order 175,000 EVs from GM
Hertz (NASDAQ: HTZ) and General Motors Co. (NYSE:GM) today announced an agreement in which Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs over the next five years. Hertz and GM believe this plan is the largest expansion of EVs among fleet customers and the broadest because it spans a […]
Stephen Scherr Named Chief Executive Officer at Hertz
Hertz announced today that it has named Stephen M. Scherr as Chief Executive Officer to lead the rental car company as it helps shape the next era in global mobility and travel. Scherr will lead Hertz and its global workforce of nearly 25,000 in its continued transformation to deliver products and services to customers that […]
Hertz Global Holdings Reports Revenues of $2.2 billion
Hertz Global Holdings, Inc. (OTCPK: HTZZ; OTCPK: HTZZW) announced for the third quarter 2021, the Company generated total revenues of $2.2 billion, reflecting the continued rebound in leisure travel and tight fleet inventory as Hertz executes against its strategic roadmap. While volume continued to be lower compared to 2019 levels, these headwinds were partially mitigated […]