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 Global Holdings Inc. filed its initial SEC Form 10 registration statement, which details the separation of its equipment rental business as a stand-alone, publicly traded company.
The restatements reduced Hertz’s profits by a cumulative $128 million for years 2011, 2012 and 2013, or nearly 20% of previously stated profits. Richard Broome resigns.
Hertz Global Holdings Inc. has announced that its Hertz Equipment Rental Corp. (HERC) subsidiary has named Richard Marani as its chief information officer (CIO). Marani joins HERC as part of its preparation for its separation from Hertz as a stand-alone company.
Brian P. MacDonald, former chairman, president and CEO of Sunoco Inc., has been appointed CEO of Hertz Equipment Rental Corp. (HERC).
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.