Hertz Names Philippe Laffont as New Director of Board

Elected by Hertz’s Board of Directors and the Hertz Corp., Philippe P. Laffont has been named as the new director of the Hertz Board.

Founder and chief investment officer of Coatue Management, Laffont serves on the advisory board of the Robin Hood X Prize and is a Trustee of the New York Presbyterian Hospital. Prior to founding Coatue, Laffont worked at Tiger Management as a research analyst from 1996 to 1999.

Laffont started his career as an analyst in management consulting for McKinsey & Co. in Madrid, where he worked from 1992 to 1994, and then served as an independent consultant until starting at Tiger Management.

"We are fortunate to add a new member to the Hertz Board who has a strong background in identifying and capitalizing on long-term technology trends based on fundamental research," said Mark P. Frissora, Hertz chairman and chief executive officer. “… Philippe's experience and advice will be instrumental as Hertz introduces additional customer-focused, technology-based innovations to further transform the rental experience."

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

The Customer Isn’t Always Right

Not caving to a customer with a blatant agenda may have consequences, especially for a small rental company that relies on stellar Yelp ratings to advertise. But business integrity must prevail.

The Truth Behind Compact Van Depreciation

Why are large van values holding up better than their compact counterparts, and will it last?

Car Rental’s Call to Action on Autonomous Vehicles

The car rental industry has built-in advantages to support a world with driverless cars, but it needs to take the next step in partnering with autonomous vehicle stakeholders.

Job Finder: Access Top Talent. Fill Key Positions.