Hertz Announces Ned Ryan as Chief Product Development Officer

Rhea-AI Summary

Hertz (NASDAQ: HTZ) announced the appointment of Ned Ryan as chief product development officer, effective May 9. Ryan will focus on delivering connected products and enhancing customer experience as Hertz strengthens its position in the modern mobility ecosystem. CEO Stephen Scherr stated that Ryan's innovative background, including founding successful mobility ventures and a senior role at Ford, makes him a perfect fit for advancing Hertz's digital strategy. Ryan expressed excitement about contributing to Hertz's growth and innovation.

Positive

• Ned Ryan's appointment could drive innovation and enhance product offerings at Hertz.
• Ryan has a successful track record in the mobility sector, potentially benefiting Hertz's strategic goals.

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• None.

ESTERO, Fla., April 27, 2022 /PRNewswire/ -- Hertz (NASDAQ: HTZ) today announced that Ned Ryan will join the company as chief product development officer, effective May 9. Ryan will oversee efforts to deliver connected products and technology to enhance the customer experience as Hertz assumes an increased role in the modern mobility ecosystem.

"Our ambition to lead as a mobility company rests on our commitment to invest in technology and innovation, and Ned is the ideal leader to advance our digital ambitions for the next chapter of Hertz," said Hertz CEO Stephen Scherr. "Ned has a record of innovating, having served as founder and CEO of multiple startup businesses, including two successful ventures in the mobility sector and most recently at Ford. Ned will work in close partnership with Tim Langley-Hawthorne, our chief information officer, and a growing engineering team to develop world-class technology solutions that position Hertz as a key player in the travel and auto industry."

Ryan is an entrepreneurial leader, passionate about building products and teams with a focus on mobility. In 2013, he launched Breeze, the first flexible rideshare financing platform, which was purchased by Ford in 2016. He also founded Canvas, a vehicle subscription service that was purchased by Fair.com at the end of 2019. Ryan most recently served in a senior capacity at Ford where he worked on new, digitally connected mobility businesses.

"I'm incredibly excited to join the Hertz team at an important time in the company's history," said Ryan. "I look forward to building world-class products for our customers and partners and can't wait to get started."

About Hertz 

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Additionally, The Hertz Corporation operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales. For more information about The Hertz Corporation, visit www.hertz.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this release include "forward-looking statements" within the meaning of applicable securities laws and regulations. These statements often include words such as "believe," "expect," "project," "potential," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on the Hertz's current views with respect to future events and the timing of the tender offer. These forward-looking statements are subject to a number of risks and uncertainties including prevailing market conditions, as well as other factors. Forward-looking statements represent Hertz's estimates and assumptions only as of the date that they were made, and, except as required by law, Hertz undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Hertz Global Holdings, Inc.

FAQ

Who is Ned Ryan in relation to Hertz?

Ned Ryan has been appointed as the chief product development officer at Hertz, effective May 9.

What role will Ned Ryan play at Hertz?

Ned Ryan will oversee product development to enhance customer experience and drive innovation.

Why is Ned Ryan's appointment significant for Hertz?

Ryan's extensive experience in the mobility sector could position Hertz as a leader in connected products and technology.

When does Ned Ryan start at Hertz?

Ned Ryan will begin his role as chief product development officer on May 9.

What is the relationship between Hertz and the mobility ecosystem?

Hertz aims to strengthen its role in the mobility ecosystem by investing in technology and innovation.