ESTERO, Fla., April 28, 2016 /PRNewswire/ -- Hertz Global
Holdings (NYSE: HTZ) has announced that its Hertz Equipment Rental
Corporation (HERC) business has appointed Elizabeth M. Higashi, CFA, vice president,
Investor Relations, as part of preparations for the planned
separation of that business as a stand-alone, publicly traded
company later this year.
Higashi is responsible for all aspects of the company's investor
relations program, including serving as the principal contact with
the investment community. She reports to Larry H. Silber, president and chief executive
officer, and is based in the company's headquarters in Bonita Springs, Fla.
Higashi has more than 30 years of experience in financial
communications and investor relations with Fortune 500 companies
and providing counsel to companies in the financial services,
housing, education, media, retail, transportation, chemical,
agricultural products, energy and healthcare industries. She
was most recently president of Higashi Advisors, LLC and was
previously a principal at Sard Verbinnen & Co., a leading
strategic communications firm. Higashi also held senior
investor-relations and communications roles with Horizon Pharma
plc, IMCERA Group, Inc. (formerly International Minerals &
Chemical Corporation), SFN Companies, Inc., and The Times Mirror
Company.
"Elizabeth brings a demonstrated record of success in
broad-based financial, investor and business communications across
multiple and diverse publicly traded companies," said Silber.
"I am delighted that HERC will benefit from her expertise as we
build programs and drive initiatives to retain, attract and grow
our debt and equity investor base as an independent company.
In addition, her comprehensive business knowledge and experience
will be valuable in advancing HERC's overall reputation and
financial performance."
Higashi holds a bachelor's degree in political science from
UCLA and a master's degree in urban
studies from Occidental College. She was a CORO Foundation
Fellow in Southern California and
is a CFA charter holder. Higashi also serves on the steering
committee of the Senior Roundtable of the National Investor
Relations Institute.
Hertz Global Holdings filed an SEC Form 10 registration
statement detailing the planned separation of its equipment rental
business in December
2015 and filed an amendment of the Form
10 in April 2016. No record date has been set, though the
company has said it expects the transaction to be completed by
mid-2016. The separation is expected to be a tax-free event for
U.S. federal income tax purposes to shareholders. The Form 10
registration statement is available at:
http://www.sec.gov/Archives/edgar/data/1657853/000165785316000015/form10-amendment2.htm
About Hertz Global Holdings
Hertz Global Holdings
operates the Hertz, Dollar, Thrifty and Firefly car rental brands
in more than 10,300 corporate and licensee locations throughout
approximately 150 countries in North
America, Europe, Latin America,
Asia, Australia, Africa, the Middle
East and New Zealand. Hertz Global Holdings is the
largest worldwide airport general use car rental company with more
than 1,600 airport locations in the U.S. and more than 1,300
airport locations internationally. Product and service initiatives
such as Hertz Gold Plus Rewards, NeverLost®,
Carfirmations, Mobile Wi-Fi and unique vehicles offered
through the Adrenaline, Dream, Green and Prestige Collections set
Hertz Global Holdings apart from the competition.
Additionally, Hertz Global Holdings owns the vehicle leasing and
fleet management leader Donlen Corporation and sells vehicles
through its Rent2Buy program. The Company also owns Hertz Equipment
Rental Corporation ("HERC"), one of the largest equipment rental
businesses with approximately 280 locations worldwide, including
franchise locations, offering a diverse line of equipment and tools
for rent and sale. HERC primarily serves the construction,
industrial, oil, gas, entertainment and government sectors. For
more information about Hertz Global Holdings, visit:
www.hertz.com.
About Hertz Equipment Rental Corporation
Founded in 1965, HERC, which plans to be known as Herc Rentals Inc.
following its separation from Hertz Global Holdings, is one of the
leading equipment rental suppliers in North America with
approximately 280 company-operated branches, of which approximately
270 are in the United States and Canada. HERC is a
full-line equipment-rental supplier in key markets, including
commercial and residential construction, industrial and
manufacturing, refineries and petrochemicals, civil infrastructure,
automotive, government and municipalities, energy, remediation,
emergency response, facilities, entertainment and
agriculture. The equipment rental business is supported by
industry-specific expertise and solutions-based services aimed at
helping customers work more efficiently, effective and
safely. HERC also operates in the United
Kingdom and China and through joint venture
arrangements in Saudi Arabia and Qatar and
through franchisees in nine countries in Europe, the Middle
East, Latin America and Asia. HERC's 2015 total revenues
on a segment basis were $1.5 billion with Adjusted
Corporate EBITDA of $610 million. The company has
approximately 4,500 employees. For more information on HERC
and its products and services, visit: www.hertzequip.com.
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SOURCE Hertz Global Holdings