HERTZ ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
The Hertz Global Holdings, Inc. (NASDAQ: HTZ) announced significant changes to its Board of Directors on January 18, 2023. Michael Gregory O'Hara, the current Chair, is stepping down, with CEO Stephen Scherr taking over as Board Chair. New independent directors Fran Bermanzohn and Jeffrey Nedelman will join the Board, increasing its size to ten members, with eight being independent. This leadership transition aims to bolster Hertz's strategic direction towards shared mobility, electrification, and a digital-first customer experience, building on the progress made since Scherr's appointment as CEO.
- Appointment of Stephen Scherr as Board Chair may enhance strategic leadership.
- Addition of independent directors Fran Bermanzohn and Jeffrey Nedelman increases Board diversity and independence.
- Focus on shared mobility, electrification, and digital-first customer experience aligns with industry trends.
- Departure of Founder Michael O'Hara may cause concerns regarding leadership continuity.
- Potential experience gap with the restructuring of the Board.
"It has been a pleasure serving on the
"We have made considerable progress since I joined
The changes announced today increase the size of the Hertz Board of Directors to ten members and the number of independent directors to eight. A full list of
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