Thomas Kennedy Named Hertz CFO

The Hertz Corp. has announced that Thomas (Tom) C. Kennedy has been appointed senior executive vice president and chief financial officer, effective Dec. 9.

David J. Rosenberg, who has been serving as interim chief financial officer since Oct. 1, will assist Kennedy during a transition period before taking on another senior role in the company's finance area.

Kennedy has been serving as executive vice president and chief financial officer of Hilton Worldwide Inc. since 2008. In this position, he has been responsible for balance sheet restructuring and deleveraging initiatives, financial planning and forecasting process improvements, and company-wide efficiency programs.

From 2003 through 2007, Kennedy served as executive vice president and chief financial officer for the Vanguard Car Rental Group (National Car Rental and Alamo Rent-A-Car brands). He was part of the senior leadership team, which engineered the transformation and ultimate sale of Vanguard's European business to Eurazeo and the sale of the North American business to Enterprise Rent-a-Car.

"Tom has demonstrated excellent leadership skills in two previous CFO assignments with multi-national, travel industry companies," said Mark P. Frissora, Hertz chairman and chief executive officer. "His experience will be invaluable at Hertz as we continue to integrate Dollar Thrifty and evaluate strategic options and future capital deployment strategies going forward."

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

8 Ways Fleets Are Adapting to Urban Migration

In the new mobility eco-system, goods, services, and people still need to be moved — the hard part will be figuring out how and where fleets will take advantage.

$3 Weekly Car Rental Rates are Unsustainable

Better technology, education, transparency, and a way to show the correlation between price and customer service are needed.

A Seminal Moment for the Global Car Rental Industry

The 2016 International Car Rental Show convened the first meeting of association directors from around the world that represented an important step to communication, problem-solving, and idea-sharing between the groups.

Job Finder: Access Top Talent. Fill Key Positions.