Fla., April 27, 2022 /PRNewswire/ -- Hertz
(NASDAQ: HTZ) today announced that Ned
Ryan will join the company as chief product development
officer, effective May 9. Ryan will
oversee efforts to deliver connected products and technology to
enhance the customer experience as Hertz assumes an increased role
in the modern mobility ecosystem.
"Our ambition to lead as a mobility company rests on our
commitment to invest in technology and innovation, and Ned is the
ideal leader to advance our digital ambitions for the next chapter
of Hertz," said Hertz CEO Stephen
Scherr. "Ned has a record of innovating, having served as
founder and CEO of multiple startup businesses, including two
successful ventures in the mobility sector and most recently at
Ford. Ned will work in close partnership with Tim Langley-Hawthorne, our chief information
officer, and a growing engineering team to develop world-class
technology solutions that position Hertz as a key player in the
travel and auto industry."
Ryan is an entrepreneurial leader, passionate about building
products and teams with a focus on mobility. In 2013, he launched
Breeze, the first flexible rideshare financing platform, which was
purchased by Ford in 2016. He also founded Canvas, a vehicle
subscription service that was purchased by Fair.com at the end of
2019. Ryan most recently served in a senior capacity at Ford where
he worked on new, digitally connected mobility businesses.
"I'm incredibly excited to join the Hertz team at an important
time in the company's history," said Ryan. "I look forward to
building world-class products for our customers and partners
and can't wait to get started."
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. For more information about The Hertz Corporation,
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this release include
"forward-looking statements" within the meaning of applicable
securities laws and regulations. These statements often include
words such as "believe," "expect," "project," "potential,"
"anticipate," "intend," "plan," "estimate," "seek," "will," "may,"
"would," "should," "could," "forecasts" or similar expressions.
These statements are based on the Hertz's current views with
respect to future events and the timing of the tender offer. These
forward-looking statements are subject to a number of risks and
uncertainties including prevailing market conditions, as well as
other factors. Forward-looking statements represent Hertz's
estimates and assumptions only as of the date that they were made,
and, except as required by law, Hertz undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
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SOURCE Hertz Global Holdings, Inc.