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

Safeguarding Your Business with Brokers

While the high-profile bankruptcy of Atlas Choice has left many car rental companies wary of working with brokers, rental companies can take steps to protect themselves and ensure a productive relationship.

My Number One Takeaway from ICRS 2017

This year’s International Car Rental Show (ICRS) opened the door to new business models facing transportation today — yet adapting to these new technologies is not the first key to survival.

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Job Finder: Access Top Talent. Fill Key Positions.

>