Michael Gregory (Greg)
O'Hara to Step Down; CEO Stephen Scherr Appointed Board
Chair;
Fran Bermanzohn and
Jeff Nedelman Join
ESTERO,
Fla., Jan. 18, 2023 /PRNewswire/ -- Hertz Global
Holdings, Inc. (NASDAQ: HTZ) announced today certain changes to the
composition of its Board of Directors, effective immediately.
Greg O'Hara, founder and Senior
Managing Director of Certares and current Chair of the Hertz Board,
is stepping down from the Board. Certares and Knighthead were the
principals that led Hertz through reorganization. Thomas Wagner, Managing Partner of Knighthead,
will remain on the Board as Vice Chair and Colin Farmer, Senior Managing Director at
Certares, will continue to stand as Lead Director.
Stephen Scherr, Chief Executive
Officer of Hertz, will assume the position of Board Chair. Along
with this change, Fran Bermanzohn,
former Deputy General Counsel at Goldman Sachs, and Jeffrey Nedelman, a Senior Managing Director at
Certares, will join the Board as independent directors.
"It has been a pleasure serving on the Hertz Board for the last
18 months and supporting the company's launch of its new strategic
direction under Stephen's leadership," said Mr. O'Hara. "The
Certares and Knighthead teams invested in Hertz in 2021 because we
saw Hertz's unique position to capitalize on the changing mobility
landscape. I have tremendous confidence in Stephen and the Board's
ability to provide the leadership necessary to realize our
thesis."
"We have made considerable progress since I joined Hertz last
February. With the talented leadership team now assembled, we are
well-positioned to execute on our core priorities of shared
mobility, electrification, and a digital-first customer
experience," said Mr. Scherr. "I am honored to chair this
highly qualified Board, and with the addition of Fran and Jeff, the
Board is increasingly more independent and diverse in its
composition."
The changes announced today increase the size of the Hertz Board
of Directors to ten members and the number of independent directors
to eight. A full list of Hertz's Board members and their
biographies can be found
here: https://ir.hertz.com/about/board-of-directors.
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.
Media
Contact:
|
Investor Contact:
|
Mickey Mandelbaum /
John Perilli / Anne Hart
|
Johann
Rawlinson
|
Prosek Partners for
Hertz
|
johann.rawlinson@hertz.com
|
pro-hertz@prosek.com
|
|
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content:https://www.prnewswire.com/news-releases/hertz-announces-changes-to-its-board-of-directors-301723992.html
SOURCE Hertz Global Holdings, Inc.