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Hertz Further Strengthens Board with 2 New Members

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Hertz Global Holdings, Inc. (NASDAQ: HTZ) has strengthened its Board of Directors by adding two new members, expanding from nine to eleven seats. Francis "Frank" Blake, former chairman and CEO of The Home Depot, and Lucy Clark Dougherty, senior VP and general counsel at Polaris Inc., have been elected as directors effective immediately.

Blake brings extensive experience from both the private sector and public service, including roles at General Electric and in various government departments. Clark Dougherty offers expertise in business transformation and strategy, with a background in the automotive industry and homeland security.

This move aligns with Hertz's strategy under new CEO Gil West to deliver sustainable growth and enhance operational performance across all aspects of the business, while focusing on an unmatched customer experience.

Hertz Global Holdings, Inc. (NASDAQ: HTZ) ha rafforzato il suo Consiglio di Amministrazione aggiungendo due nuovi membri, passando da nove a undici posti. Francis "Frank" Blake, ex presidente e CEO di The Home Depot, e Lucy Clark Dougherty, VP senior e consulente legale presso Polaris Inc., sono stati eletti direttori con effetto immediato.

Blake porta un’ampia esperienza sia nel settore privato che nel servizio pubblico, comprese le cariche presso General Electric e in vari dipartimenti governativi. Clark Dougherty offre competenze nella trasformazione aziendale e nella strategia, con un background nell'industria automobilistica e nella sicurezza interna.

Questa mossa si allinea con la strategia di Hertz sotto il nuovo CEO Gil West per garantire una crescita sostenibile e migliorare le performance operative in tutti gli aspetti dell'attività, concentrandosi su un'esperienza cliente senza pari.

Hertz Global Holdings, Inc. (NASDAQ: HTZ) ha fortalecido su Junta Directiva al agregar dos nuevos miembros, ampliando de nueve a once puestos. Francis "Frank" Blake, ex presidente y CEO de The Home Depot, y Lucy Clark Dougherty, vicepresidenta senior y asesora legal en Polaris Inc., han sido elegidos como directores con efecto inmediato.

Blake aporta una amplia experiencia tanto del sector privado como del servicio público, incluyendo roles en General Electric y en varios departamentos gubernamentales. Clark Dougherty ofrece experiencia en transformación empresarial y estrategia, con un enfoque en la industria automotriz y la seguridad nacional.

Este movimiento se alinea con la estrategia de Hertz bajo el nuevo CEO Gil West para proporcionar un crecimiento sostenible y mejorar el rendimiento operativo en todos los aspectos del negocio, al tiempo que se enfoca en una experiencia del cliente inigualable.

허츠 글로벌 홀딩스 Inc. (NASDAQ: HTZ)가 이사회에 두 명의 새로운 멤버를 추가하여 의석 수를 아홉에서 열하나로 확대했습니다. 프랜시스 "프랭크" 블레이크, 전 홈디포 회장 겸 CEO, 그리고 루시 클락 도허티, 폴라리스 Inc.의 선임 부사장 및 법률 고문이 즉각적으로 이사로 선출되었습니다.

블레이크는 제너럴 일렉트릭 및 여러 정부 부처에서의 경력을 포함하여 민간 부문과 공공 서비스에서 광범위한 경험을 갖추고 있습니다. 클락 도허티는 자동차 산업과 국가 안보 분야에서의 경험을 통해 비즈니스 변화와 전략 전문성을 제공합니다.

이번 조치는 새 CEO 길 웨스트 아래에서 허츠의 지속 가능한 성장과 사업의 모든 측면에서 운영 성능을 향상시키는 전략과 일치하며, 최고의 고객 경험에 집중하고 있습니다.

Hertz Global Holdings, Inc. (NASDAQ: HTZ) a renforcé son Conseil d'Administration en ajoutant deux nouveaux membres, portant le nombre de sièges de neuf à onze. Francis "Frank" Blake, ancien président et PDG de The Home Depot, et Lucy Clark Dougherty, VP senior et conseillère juridique chez Polaris Inc., ont été élus directeurs avec effet immédiat.

Blake apporte une vaste expérience tant du secteur privé que du service public, y compris des rôles chez General Electric et dans plusieurs départements gouvernementaux. Clark Dougherty offre une expertise en transformation d'entreprise et en stratégie, avec un parcours dans l'industrie automobile et la sécurité intérieure.

Cette initiative s'inscrit dans la stratégie de Hertz sous la direction du nouveau CEO Gil West pour assurer une croissance durable et améliorer la performance opérationnelle dans tous les domaines de l'entreprise, tout en se concentrant sur une expérience client inégalée.

Hertz Global Holdings, Inc. (NASDAQ: HTZ) hat seinen Aufsichtsrat verstärkt, indem zwei neue Mitglieder hinzugefügt wurden, wodurch die Anzahl der Sitze von neun auf elf erhöht wurde. Francis "Frank" Blake, ehemaliger Vorsitzender und CEO von The Home Depot, und Lucy Clark Dougherty, Senior VP und Unternehmensrechtsberaterin bei Polaris Inc., wurden sofort zu Direktoren gewählt.

Blake bringt umfassende Erfahrungen aus dem Privatsektor und dem öffentlichen Dienst mit, einschließlich Rollen bei General Electric und in verschiedenen Regierungsbehörden. Clark Dougherty bietet Fachwissen in Unternehmensumwandlung und -strategie mit einem Hintergrund in der Automobilindustrie und der nationalen Sicherheit.

Dieser Schritt steht im Einklang mit Hertz' Strategie unter dem neuen CEO Gil West, nachhaltiges Wachstum zu fördern und die operative Leistung in allen Geschäftsbereichen zu verbessern, während der Fokus auf einem unvergleichlichen Kundenerlebnis liegt.

Positive
  • Addition of two highly experienced board members with diverse backgrounds in business and public service
  • Expansion of board size from 9 to 11 members, potentially bringing more diverse perspectives
  • Alignment with company strategy to enhance operational performance and customer experience
Negative
  • None.

ESTERO, Fla., Aug. 27, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) – one of the leading global rental car companies – announced that its Board of Directors is increasing the size of the Board from nine to 11 and is electing Mr. Francis "Frank" Blake and Ms. Lucy Clark Dougherty to serve as directors, effective today.

Blake is the retired chairman and CEO of The Home Depot, former non-executive chairman of Delta Air Lines, former deputy secretary for the U.S. Department of Energy, former general counsel for the U.S. Environmental Protection Agency and a longtime executive at General Electric.

Clark Dougherty is senior vice president, general counsel and Board secretary of Polaris Inc. She formerly served as deputy general counsel at General Motors and chief legal officer and counselor to the secretary of the U.S. Department of Homeland Security.

"Frank and Lucy enhance our Board with decades of experience in both the private sector and public service," said Colin Farmer, chair of the Hertz Board. "Frank's distinguished career spans across business, government and law – including two decades of proven success on corporate boards. Lucy offers a wealth of expertise in driving business transformation, innovation and strategy – along with extensive experience advising boards.  Together, they complement the diverse skills and backgrounds of our current board members and will effectively collaborate with them to steer our company toward future success."

Under the direction of CEO Gil West – who joined April 1 – Hertz has recruited a world-class leadership team to execute the company's strategy of delivering sustainable growth and creating value by elevating operational performance across every facet of its business along with a commitment to deliver an unmatched customer experience.

In joining the Hertz Board, Blake and Clark Dougherty initially will not be assigned to standing committees of the board.

BIOGRAPHIES

Frank Blake served as chairman and CEO of The Home Depot from January 2007 through November 2014, and then as chairman through January 2015. He joined The Home Depot in 2002 as executive vice president, business development and corporate operations. The Boston native previously served as deputy secretary for the U.S. Department of Energy and in a variety of executive roles at General Electric, including senior vice president, Corporate Business Development. Blake's public sector experience also includes having served as general counsel for the U.S. Environmental Protection Agency, deputy counsel to Vice President George Bush and law clerk to U.S. Supreme Court Justice John Paul Stevens. He has served on the board of directors for Unifi, Inc., Proctor & Gamble, Macy's, Delta Air Lines, The Southern Company and the Georgia Aquarium. He holds a bachelor's degree from Harvard University and a juris doctorate from Columbia University School of Law.

Lucy Clark Dougherty joined Polaris in January 2018 as senior vice president – general counsel, compliance officer and Board secretary. Prior to Polaris, she held a number of leadership roles at General Motors, including deputy general counsel for Global Markets, Autonomous Vehicles and Transportation as a Service and deputy general counsel –  Commercial, Product Safety, and Regulatory, as well as vice president and general counsel – General Motors North America. She also served in the U.S. Department of Justice, Executive Office of the President and the U.S. Department of Homeland Security, where she was chief legal officer and counselor to the secretary of Homeland Security. She holds a bachelor's degree from Yale and a juris doctorate from the University of Michigan Law School.

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 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. For more information about The Hertz Corporation, visit www.hertz.com.

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SOURCE Hertz Global Holdings, Inc.

FAQ

Who are the new board members appointed to Hertz (HTZ) on August 27, 2024?

Hertz (HTZ) appointed Francis "Frank" Blake, former chairman and CEO of The Home Depot, and Lucy Clark Dougherty, senior VP and general counsel at Polaris Inc., as new board members on August 27, 2024.

How many members are now on Hertz's (HTZ) Board of Directors after the recent appointments?

After the recent appointments on August 27, 2024, Hertz's (HTZ) Board of Directors has expanded from 9 to 11 members.

What is the strategic focus of Hertz (HTZ) under new CEO Gil West?

Under new CEO Gil West, Hertz (HTZ) is focusing on delivering sustainable growth, creating value by elevating operational performance across all business aspects, and committing to an unmatched customer experience.

What notable experience does Francis Blake bring to Hertz's (HTZ) board?

Francis Blake brings experience as former chairman and CEO of The Home Depot, non-executive chairman of Delta Air Lines, and roles in the U.S. Department of Energy, Environmental Protection Agency, and General Electric to Hertz's (HTZ) board.

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