Mark Frissora, the former CEO and chairman of The Hertz Corp., has officially been appointed the president and CEO of Caesars Entertainment Corp.
After stepping down as Hertz's CEO and chairman in September, Frissora has been appointed the new CEO of Caesars Entertainment Corp. starting June 30.
As 2014 comes to an end, take a look back at the 10 most-read news stories on the Auto Rental News website.
This year has been one of turmoil and change for the Hertz Corp., as it parted ways with its CEO and has yet to file a financial report in 2014.
As part of a separation agreement, Hertz Global Holdings Inc. will pay former CEO Mark Frissora about $10.5 million in cash, which includes his annual bonus for 2013.
With Mark Frissora’s departure, Hertz can concentrate on the future.
Mark Frissora has stepped down as Hertz chairman and CEO for personal reasons. The Hertz Board of Directors has appointed Brian P. McDonald, president and CEO of Hertz Equipment Rental Corp., as interim CEO of Hertz.
Brian P. MacDonald, former chairman, president and CEO of Sunoco Inc., has been appointed CEO of Hertz Equipment Rental Corp. (HERC).
Due to weaker-than-anticipated airport car rental volumes, Hertz Global Holdings Inc. announced revised guidance for full-year 2013 revenues.
The Hertz location at the San Diego Airport replaces the rental counter with a kiosk.
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