March 27, 2017 3:48 PM ET

Road and Rail

Company Overview of The Hertz Corporation

Company Overview

The Hertz Corporation engages in the vehicle rental and leasing business. It operates through three segments: U.S. Rental Car, International Rental Car, and All Other Operations segments. The company rents cars, vans, crossovers, and light trucks under the Hertz, Dollar and Thrifty brands from company-owned, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, The Caribbean, Europe, Latin America, the Middle East, and New Zealand. It also offers vehicle leasing and fleet management services, including vehicle financing, acquisition, and remarketing; license, title, and registration; maintenance consultation; fuel management; accident management; toll mana...

8501 Williams Road

Estero, FL 33928

United States

Founded in 1918

36,000 Employees

Phone:

239-390-8380

Fax:

239-319-3263

Key Executives for The Hertz Corporation

Chief Executive Officer, President and Director
Age: 60
Chief Financial Officer and Senior Executive Vice President
Age: 50
Group President of Rent A Car International
Age: 60
President of Donlen Corporation
Age: 58
Chief Accounting Officer and Senior Vice President
Age: 50
Compensation as of Fiscal Year 2016.

The Hertz Corporation Key Developments

Sabre and The Hertz Corporation Extend Agreement

Sabre has expanded its agreement with Hertz. A longstanding user of Sabre’s e-commerce technology, The Hertz Corporation chose Sabre as the first global distribution service (GDS) provider to distribute its worldwide rental vehicle inventory - including Hertz, Dollar, Thrifty and Firefly brands - to shop and book by travel agents, business travelers and online travel agency (OTA) websites using Sabre technology. Through the enhanced and additional car product offering, travel agents have access to all Hertz rates worldwide, seamlessly integrated into the Sabre Red platform which includes the Sabre Red Workspace and full set of APIs.

Jeffrey T. Foland to Step Down as Senior Executive Vice President and Chief Revenue Officer of Hertz Global Holdings and Hertz Corporation, Effective February 28, 2017

On February 10, 2017, Hertz Global Holdings, Inc.'s new CEO, Kathryn V. Marinello, announced structural changes in North America to facilitate her direct interaction with senior managers and to fast-track decision-making to accelerate performance improvement. As a result of this reorganization, Jeffrey T. Foland has decided to step down as Senior Executive Vice President and Chief Revenue Officer of the company and The Hertz Corporation, effective February 28, 2017.

Hertz Global Holdings, Inc. and the Hertz Corp. Announce Management Changes

The Boards of Directors of Hertz Global Holdings, Inc. and The Hertz Corporation (together with HGH, the "Companies" or "Hertz"), have appointed Kathryn V. Marinello as President and Chief Executive Officer effective January 3, 2017.   Hertz also announced that John Tague will retire as President and Chief Executive Officer of the Companies on January 2, 2017. Ms. Marinello has been elected to the Boards of Directors of the Companies to replace Mr. Tague in early January.  Hertz also announced that its three longest serving directors, Non-Executive Chair Linda Fayne Levinson, Compensation Committee Chair Carl T. Berquist and Financing Committee Chair Michael J. Durham have chosen to leave the Boards of Directors of the Companies on January 2, 2017. Ms. Marinello is a veteran public company CEO who brings a strong mix of industry experiences that cover many facets of the automotive industry, from OEM to automotive insurance and automotive fleet financing. She has significant experience as a first-rate operating executive with strategic expertise and has significant experience interacting with customers similar to Hertz - direct consumers, corporations and insurance companies.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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