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Posted 18 January, 2023

HERTZ GLOBAL HOLDINGS, INC appointed Stephen Scherr as new CEO

Nasdaq:HTZ appointed new Chief Executive Officer Stephen Scherr in a 8-K filed on 18 January, 2023.


  Effective January 17, 2023, the Board of Directors of Hertz Global Holdings, Inc. (the "Company") elected Stephen Scherr to replace Greg O'Hara as Chairperson of the Board in addition to Mr. Scherr's role as Chief Executive Officer for the Company.  

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Overview of HERTZ GLOBAL HOLDINGS, INC
Business/Consumer Services • General Services
Hertz Global Holdings, Inc. engages in the vehicle rental business through the Hertz, Dollar, and Thrifty brands. It operates under the Americas Rental Car (RAC) and International Rental Car (RAC) segments. The Americas RAC segment focuses on operations in the United States, Canada, Latin America, and the Caribbean. The International RAC segment includes the provision of rental and sales of vehicles and value-added services in other locations. The company was founded in 1918 and is headquartered in Estero, FL.
Market Cap
$2.21B
View Company Details
HERTZ GLOBAL HOLDINGS, INC by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Effective January 17, 2023, the Board of Directors of Hertz Global Holdings, Inc. (the "Company") elected Stephen Scherr to replace Greg O'Hara as Chairperson of the Board in addition to Mr. Scherr's role as Chief Executive Officer for the Company. Effective the same date, Mr. O'Hara resigned as a director and as Chairperson of the Board. Mr. O'Hara's resignation did not result from any disagreement with the Company.


In addition, effective January 17, 2023, the Board increased the number of directors on the Board from 9 to 10 and elected Fran Bermanzohn and Jeffrey Nedelman to serve as directors of the Company. Ms. Bermanzohn is expected to join the Board's Audit Committee effective February 15, 2023.


Upon joining the Board, Ms. Bermanzohn will be entitled to receive compensation under the Company's Directors Compensation Policy as set forth in Exhibit 10.24 to the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 23, 2022 and described in the Company's Definitive Proxy Statement on Schedule 14A filed with the SEC on April 8, 2022. Pursuant to the Directors Compensation Policy as a director associated with Certares, Mr. Nedelman will receive $1 annually for serving as a member of the Board.


Ms. Bermanzohn and Mr. Nedelman have each entered into an Indemnification Agreement with the Company in the same form as its other directors have entered, which is filed with the SEC as Exhibit 10.10 to its Current Report on Form 8-K filed on July 7, 2021.


There are no arrangements or understandings between Ms. Bermanzohn or Mr. Nedelman and any other person pursuant to which either she or he was elected as a director, and neither has entered into or proposed to enter into any transactions required to be reported under Item 404(a) of Regulation S-K.