ESTERO, Fla., March 25, 2015 /PRNewswire/ -- Hertz Global
Holdings, Inc. (NYSE: HTZ) ("Hertz" or "the Company") today
announced that Thomas Frese has been
appointed Senior Vice President, Fleet and Procurement effective
March 23, 2015. Mr. Frese
reports to Tom Kennedy, Senior
Executive Vice President and Chief Financial
Officer.
Mr. Frese, who is responsible for the company's fleet operations
and purchasing functions, had been with McKinsey & Company in
the Chicago office for 14 years,
the last seven years as a Principal and leader in the firm's North
American Operations and Purchasing Practice. He has extensive
experience driving performance transformation across operations,
purchasing and strategy in the travel, transportation and
automotive industries. Additionally, Mr. Frese led McKinsey's
recruiting programs for the Chicago office. He holds a Ph.D. in
Electrical Engineering from Purdue
University and a degree in Electrical Engineering from
Ruhr-Universitat Bochum, Germany.
Tom Kennedy said, "We are pleased
that Tom Frese has joined the Hertz
team. He brings us vast experience across a wide range of
industries designing and helping McKinsey clients successfully
execute efficiency, purchasing, operational and strategic
initiatives which have saved billions of dollars and created
sustainable competitive advantages. Tom will help Hertz transform
key areas of the business to generate significant, incremental
shareholder and customer value."
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: http://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.