HTZ

Hertz Global Appoints Scott M. Haralson as CFO

Hertz Global Holdings, Inc. (NASDAQ: HTZ) has announced the appointment of Scott M. Haralson as Chief Financial Officer, effective by the end of June, succeeding Alexandra Brooks who will be leaving the company to pursue other opportunities. Haralson, a seasoned executive with over 25 years of leadership and corporate finance experience, most recently served as Chief Financial Officer of Spirit Airlines, where he helped the company navigate the pandemic and strengthened its financial position.

Under Haralson's leadership, Spirit Airlines saw an improvement in its financial performance, and it will be interesting to see how his expertise will contribute to Hertz's financial transformation. Hertz CEO Gil West expressed excitement about Haralson joining the team and highlighted his deep expertise in financial management and leveraging the capital markets to drive business transformation.

In addition to the change in the CFO position, Hertz also announced the resignation of Chief Operating Officer Justin Keppy, effective June 3, 2024.

Hertz, a leading global rental car company, operates the Hertz, Dollar, and Thrifty vehicle rental brands across various regions. The company also owns and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales.

As Hertz enters this next phase of growth and transformation, the changes in key leadership positions will be closely watched as the company seeks to deliver sustainable long-term shareholder value and enhance profitability. Following these announcements, the company's shares moved -8.3%, and are now trading at a price of $4.0. If you want to know more, read the company's complete 8-K report here.

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