Hertz appoints Gil West as CEO after Stephen Scherr Steps Down

Leading international car rental firm Hertz Global Holdings, Inc. announced today that Gil West, a former chief operating officer of GM's Cruise division and Delta Airlines, will take over as CEO on April 1, 2024, and he will also join the board. West will take over as CEO and member of the board of directors after Stephen Scherr opted to retire on March 31, 2024. For the next few weeks, West and Scherr will collaborate to guarantee a seamless transfer. 

Tom Wagner, Vice Chair of the Hertz Board of Directors, remarked, "We are thrilled to have Gil join Hertz as Chief Executive Officer." "Gil's experience as a successful leader in operationally intensive businesses will further strengthen the Company's world class team of over 27,000 global employees who work tirelessly to deliver outstanding service to customers daily. We are appreciative of Stephen's contribution over the last two years, including on a number of key strategic initiatives, which Gil will now lead in their continued execution." 

"I am excited to join Hertz and build on its extraordinary family of brands and global network," said West. "With a 106-year history, Hertz enjoys incredible brand strength and customer loyalty and I look forward to working with the team to achieve its potential for our customers, team members and shareholders." 

"Gil's success in leading over 70,000 people at Delta and orchestrating highly effective operational turnarounds will position him well to lead Hertz. He will be able to build upon the strategic projects begun during Stephen's tenure, including improvements to technology, commercial partnerships and the revitalization of our value brands. Gil's prior experience in transportation, travel and mobility will give him important perspective on how to thoughtfully lead Hertz into the future," said Colin Farmer, Lead Director of the Hertz Board of Directors. 

"Over the last two years, the Hertz team has worked diligently to put the company on track for long-term success in a changing automotive landscape," said Scherr. "Hertz is well-positioned for the future, and I look forward to seeing the company execute on its strategy as a leader in mobility."