ESTERO, Fla., Sept. 13, 2023 /PRNewswire/ -- Hertz Global
Holdings, Inc. (Nasdaq: HTZ) today announced that Paul Stone, Chief Operations Officer and
President, will step down from his role effective September 30, 2023, 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, 2023.
The company will conclude a search for a Chief Operating Officer
in short order. In the interim, key operations leadership will
report directly to Stephen M.
Scherr, Chair and Chief Executive Officer.
"I want to thank Paul for his leadership at Hertz, particularly
through the company's restructuring," said Scherr. "I look forward
to completing the leadership team, focused on transforming the
future of Hertz, with the selection of a new COO."
"Hertz's progress under Stephen's leadership has been
impressive, and I am confident that the team he has built will
deliver meaningful value for customers and shareholders in the
years ahead," said Stone.
ABOUT HERTZ
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc.,
operates the Hertz, Dollar and Thrifty vehicle rental brands
throughout North America,
Europe, the Caribbean, Latin
America, Africa, the
Middle East, Asia, Australia and New
Zealand. The Hertz Corporation is one of the largest
worldwide vehicle rental companies, and the Hertz brand is one of
the most recognized globally. Additionally, The Hertz Corporation
operates the Firefly vehicle rental brand and Hertz 24/7 car
sharing business in international markets and sells vehicles
through Hertz Car Sales.
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SOURCE Hertz Global Holdings, Inc.