Hertz Names Fields as Interim CEO

By Staff Writer October 06, 2021

Mark Fields, former head of Ford Motor Co., is the new interim CEO at Hertz. Paul Stone has been named the president and chief operations officer for the rental car company, which recently emerged from bankruptcy.

The moves, effective immediately, are part of a vision for an all-new Hertz that combines the iconic company's brand strength and global fleet management expertise with new technology and innovations.

"It's an incredibly exciting time for Hertz, and we couldn't be more thrilled to have Mark's leadership, first as a Board director and now as interim CEO," said Greg O'Hara, founder and senior managing director at Certares and Hertz's chairman of the Board. "Mark's extensive background in auto and technology will be critical as we remake Hertz for the future. We are building from a renewed position of strength to reimagine the future, and Mark's continued leadership on the Board and stepping in for the moment as interim CEO are important next steps to take us there."  

Fields joined Hertz's Board of Directors in June. He also is a senior advisor at TPG Capital and former president and CEO of Ford Motor, where he served for 28 years. In addition, he is Lead Independent Director of Tanium and serves on Qualcomm's Board of Directors.

"Hertz is a global icon, and I'm honored to help lead the company into its next 100 years," said Fields, who will work closely with the Board to implement the company's strategic vision and will bring his experience as a public company CEO to bear as he leads Hertz's interactions with the investment community. "Hertz's unmatched global footprint will be combined with forward-looking investments that completely change the face of travel and mobility. The world is going to be hearing a lot from Hertz in the weeks and months ahead."

Stone, who formerly was Hertz's CEO, will serve as the company's president and chief operations officer.

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Last modified on Wednesday, 06 October 2021 00:55