Hertz Names New CEO in Midst of Effort to Avoid Bankruptcy [Yahoo! Finance News]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
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Source: Yahoo! Finance News
) -- Hertz Global Holdings Inc. promoted the head of its North American car-rental operations to lead the company as its chief executive officer leaves in the midst of efforts to ward off bankruptcy.Paul Stone, a Hertz executive vice president and chief retail operations officer, becomes CEO immediately after the resignation of Kathryn Marinello, according to a statement. The company has until May 22 to restructure lease payments with bondholders and has cast doubt on its ability to pay debt obligations and continue as a going concern.Marinello, 63, was in the top job for just under 3 1/2 years, and Stone, 50, will be Hertz’s fifth CEO since 2014. He spent almost three decades at Walmart Inc. and was chief retail officer at outdoor-gear retailer Cabela’s Inc. before joining Hertz in March 2018.Hertz shares surged as much as 17% and were up 12% as of 9:55 a.m. in New York. The stock has plunged more than 80% this year.Before the coronavirus pandemic hit and sent the travel business int
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HTZ
Earnings
- 2/6/24 - Miss
HTZ
Sec Filings
- 4/22/24 - Form 8-K
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- HTZ's page on the SEC website