National recognition follows company’s major EV expansions in Denver and Houston.
CFO Kenny Cheung to Depart Hertz
Hertz names Chief Accounting Officer Alexandra Brooks as interim CFO.
Hertz names Chief Accounting Officer Alexandra Brooks as interim CFO.
In the Americas segment, Hertz finished with 422,113 average vehicles in its fleet, a 21% gain over the second quarter of 2021, while depreciation per unit fell 36% to only $49 a vehicle.
Biler Group will become the new master Hertz franchisee in Denmark starting in 2023.
Earnings fared even better, as Hertz posted $614 million in adjusted corporate EBITDA — its best performance in the first quarter since 2007.
Hertz’s 2021 fourth quarter and full year earnings call shed light on its post-bankruptcy future, the near-term prospects for car rental fleet and demand, progress in EV rentals, and a new corporate mindfulness.
Scherr spent nearly three decades at Goldman Sachs, departing as CFO. Mark Fields retains a board seat.
International Franchisee United Garage celebrated 60 years of partnership with Hertz, today operating as Hertz Leasing, offering passenger cars and LCVs (light commercial vehicles).
The company's total revenue for the quarter is $2.2 billion, up 19% from Q2 2021.
Hertz's new chief information officer will be working to modernize the company's technology roadmap.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
