Hertz Names New Leader of Fleet and Procurement

Hertz Global Holdings Inc. has appointed Thomas Frese as the new senior vice president, fleet and procurement, effective March 23.

Frese will report to Tom Kennedy, senior executive vice president and chief financial officer. He will be responsible for Hertz’s fleet operations and purchasing functions.

Frese previously served as a principal and leader in McKinsey & Co.’s North American operations and purchasing practice. He has experience driving performance transformation across operations, purchasing and strategy in the travel, transportation and automotive industries.

"We are pleased that Tom Frese has joined the Hertz team,” said Kennedy. “He brings us vast experience across a wide range of industries designing and helping McKinsey clients successfully execute efficiency, purchasing, operational and strategic initiatives, which have saved billions of dollars and created sustainable competitive advantages. Tom will help Hertz transform key areas of the business to generate significant, incremental shareholder and customer value."