ESTERO, Fla., March 23, 2015 /PRNewswire/ -- Hertz Global
Holdings, Inc. (NYSE: HTZ) ("Hertz" or "the Company") today
announced that Scot Hornick has been
appointed Executive Vice President, Revenue Management, effective
April 6, 2015 and Charles Vuono has been appointed Vice President,
Revenue Management, effective March
30, 2015. Mr.Hornick will report to Jeffrey Foland, Senior Executive Vice President
and Chief Revenue Officer, and Mr. Vuono will report to Mr.
Hornick.
Scot Hornick, who will be
responsible for pricing and revenue management, has worked for the
past 11 years as a partner leading the Customer Management &
Pricing practice at Oliver Wyman. At Oliver Wyman, and in the 15
years prior to joining the firm, Scot worked with a wide variety of
clients in the travel, transportation and other sectors to improve
their pricing and revenue management practices. Mr. Vuono, who will
be responsible for revenue strategy, planning, forecasting and
analytics, has 15 years of experience at United Airlines in various
roles in Network Planning and Revenue Management, and most recently
served as Managing Director of Revenue Strategy. Both Mr. Hornick
and Mr. Vuono hold Ph.D. degrees, Mr. Hornick from the University of Illinois in Electrical and Computer
Engineering, and Mr. Vuono from Duke
University in Mathematics.
Jeffrey Foland said, "We are
pleased to welcome Scot Hornick and
Charles Vuono, two highly
experienced revenue management leaders, to the Hertz team. Each
brings a depth of experience and knowledge in complementary revenue
management areas that will be critical to the sustained success of
our commercial strategies."
ABOUT HERTZ
Hertz operates the Hertz, Dollar, Thrifty
and Firefly car rental brands in more than 10,800 corporate and
licensee locations throughout 145 countries in North America, Europe, Latin
America, Asia, Australia, Africa, the Middle
East and New Zealand. Hertz
is the largest worldwide airport general use car rental company
with more than 1,700 airport locations in the U.S. and more than
1,300 airport locations internationally. Product and service
initiatives such as Hertz Gold Plus Rewards, NeverLost®,
Carfirmations, Mobile Wi-Fi and unique vehicles offered through the
Adrenaline, Dream, Family, Fun, Green and Prestige Collections set
Hertz apart from the competition. Additionally, Hertz owns the
vehicle leasing and fleet management leader Donlen Corporation,
operates the Hertz 24/7 hourly car rental business and sells
vehicles through its Rent2Buy program. The company also owns Hertz
Equipment Rental Corporation (HERC), one of the largest equipment
rental businesses with more than 350 locations worldwide offering a
diverse line of equipment and tools for rent and sale. HERC
primarily serves the construction, industrial, oil, gas,
entertainment and government sectors. For more information about
Hertz, visit: www.hertz.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements contained in this release, and
in related comments by the Company's management, include
"forward-looking statements." Forward-looking statements include
information concerning the Company's liquidity and its possible or
assumed future results of operations, including descriptions of its
business strategies. These statements often include words such as
"believe," "expect," "project," "potential," "preliminary,"
"anticipate," "intend," "plan," "estimate," "seek," "will," "may,"
"would," "should," "could," "forecasts" or similar expressions.
These statements are based on certain assumptions that the Company
has made in light of its experience in the industry as well as its
perceptions of historical trends, current conditions, expected
future developments and other factors it believes are appropriate
in these circumstances. The Company believes these judgments are
reasonable, but you should understand that these statements are not
guarantees of performance or results, and the Company's actual
results could differ materially from those expressed in the
forward-looking statements due to a variety of important factors,
both positive and negative, that may be revised or supplemented in
subsequent reports on SEC Forms 10-K, 10-Q and 8-K. Some important
factors that could affect the Company's actual results include,
among others, the thorough review of the Company's internal
financial records that is being conducted, additional time that may
be required to complete the review, the ability of the Company to
remediate any material weakness in its internal control over
financial reporting, the ability of the Company's lenders to
exercise any remedies under the Company's indebtedness, the final
results of the SEC's inquiry or any other governmental inquiries or
investigations and those that may be disclosed from time to time in
subsequent reports filed with the SEC and those described under
"Risk Factors" set forth in Item 1A of the annual report on Form
10-K/A for the year ended December 31,
2013 of the Company. You should not place undue
reliance on forward-looking statements. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by the foregoing
cautionary statements. All such statements speak only as of the
date made, and the Company 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.