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.
Hertz Board Approves Separation of Equipment Rental Business
The Hertz Corp. has announced that its board of directors approved plans to separate into two independent, publicly traded companies. The companies will be “Hertz” (Hertz, Dollar, Thrifty, Firefly rental car businesses and Donlen fleet leasing) and “HERC,” the Hertz Equipment Rental Corp.