Hertz to replace CEO after ‘disastrous' bet on Tesla and EVs
HTZHertz(HTZ) Finbold·2024-03-16 20:59

Car rental company Hertz Global (NASDAQ: HTZ) Chief Executive Stephen Scherr has been replaced as the firm seeks to boost its business after a disastrous bet on electric vehicles (EV) that involved brands such as Tesla (NASDAQ: TSLA). In a statement on March 15, Hertz stated that Scherr had decided to step down alongside quitting his position on the board and will be replaced by Gil West, a former executive at Delta Air Lines (NYSE: DAL). “We are thrilled to have Gil join Hertz as Chief Executive Officer. G ...