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Donlen

The board of directors at Hertz Global Holdings has approved the announced separation of its car rental and equipment rental businesses. The equipment rental company will change its name to Herc Holdings Inc.

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Donlen CEO to Retire, Hertz Reports

Gary Rappeport, CEO of Donlen, a fleet leasing and management company that was acquired by Hertz, will be replaced by Donlen’s current president and COO, Tom Callahan.

Answers to Seven Fleet Questions

When the heads of seven major fleet management companies convene on a panel together, it’s a good time to get their views on issues such as changes to lease accounting standards, how the new fuel economy standards will affect fleet and which alternative fuel will break out in five to seven years.

Hertz Completes Donlen Acquisition

Final acquisition price of $177 million is lower than initial $255 million. Assumption of Donlen fleet debt is $770 million, $90 million more than original assumption.

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