Skip to content
Subscriber Only

Hertz Chief Frissora Steps Down After Missteps, Pressure

Mark Frissora, chief executive officer of Hertz Global Holdings Inc. stepped down today after investors had pushed for his removal, citing accounting and operational missteps.

Frissora is leaving both the chairman and CEO roles for personal reasons, the Naples, Florida-based company said in a statement. The board appointed Brian P. MacDonald, head of Hertz Equipment Rental Corp., to serve as interim CEO and Linda Fayne Levinson, independent lead director, has been appointed independent non-executive chairman. The board has begun a search for a permanent chief.