ESTERO, Fla., May 18, 2020 /PRNewswire/ -- Hertz Global
Holdings, Inc., (NYSE: HTZ) today announced that its Board of
Directors has named Paul Stone
President and Chief Executive Officer, effective
immediately. Stone, most recently Hertz's Executive Vice President
and Chief Retail Operations Officer, North America, also has
been elected to the Hertz Board of Directors. Stone succeeds
Kathryn V. Marinello, who plans to
continue with the Company in a consulting position for up to one
year to support a smooth transition.
"After an ongoing succession planning process, the Board elected
Paul to lead Hertz's next chapter," said Henry R. Keizer, Hertz's Chairman. "Paul brings
a customer-centered approach to growing the business that is driven
by process excellence and employee engagement. Having successfully
run our largest business segment for the last two years, Paul
helped strengthen our brands by elevating service standards across
the North American car rental operations." Keizer continued, "We
also want to thank Kathy for her contributions as an exceptional
business leader. Since joining the company in January 2017, she oversaw a successful
operational turnaround, transformed Hertz's culture, and built a
best-in-class leadership team. The Board wishes her all the
best."
"The hardest part about stepping down is leaving the amazing
employees that have earned my respect over the last
three-and-a-half years. It was an honor to serve them," said
Marinello. "I am confident that under Paul's leadership, Hertz will
prosper long into the future."
"It is a tremendous honor to have the opportunity to lead
Hertz," Stone said. "I thank Kathy and look forward to working with
my colleagues to do what Hertz people do best – anticipate where
transportation, mobility and technology are going and innovate to
best serve our customers, stakeholders and communities."
Stone, 50, began his 28-year career with Sam's Club/ Walmart as
a store manager and was quickly elevated through the ranks to
Western US divisional senior vice president. He led operations for
upwards of 200 locations with more than 30,000 employees. Prior to
Hertz, he served as senior vice president and chief retail officer
at Cabela's, one of the leading outdoor outfitter retail companies.
Over the course of his career, he has delivered strategy, service,
people development and full-scale retail operations leadership.
Stone joined Hertz in March 2018 to
lead the Company's North American car rental operations, which
encompassed approximately 4,500 locations and 27,000 employees. He
simplified operations, re-energized and developed talent, and
elevated service standards, resulting in Hertz winning the JD Power
award for the first time in 16 years. In addition to car
rental, the scope of his responsibilities included Hertz's
Transportation Network Companies and Car Sales businesses.
About Hertz
Hertz, one of the most recognized brands in the world and
currently ranked #1 in Customer Satisfaction by J.D. Power, has a
long-standing legacy of providing a fast and easy experience
designed to make every journey special. It starts with top-rated
vehicles to fit every traveler's needs, delivered with a caring
touch and personalized services including its award-winning Hertz
Gold Plus Rewards loyalty program, Ultimate Choice, Hertz Fast Lane
powered by CLEAR, Mobile Wi-Fi, and more. Beyond car rental, Hertz
is one of the top 10 sellers of pre-owned vehicles in the U.S. with
more than 80 Hertz Car Sales retail locations nationwide. Wherever
and whenever you need to go, at Hertz, we're here to get you
there. To learn more or reserve a vehicle,
visit Hertz.com.
Hertz pioneered the car rental industry more than 100 years ago
and today is owned by Hertz Global Holdings, Inc. which includes
Dollar and Thrifty vehicle rental brands and fleet management
leader Donlen Corporation.
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SOURCE Hertz Global Holdings, Inc.