People: Hertz Global Holdings Inc (HTZ.N)
Mr. Thomas C. Kennedy has been appointed as Chief Financial Officer, Senior Executive Vice President of Hertz Global Holdings Inc., effective December 9, 2013. Mr. Kennedy's appointment comes after former CFO Elyse Douglas stepped down ahead of the company's relocation of its corporate headquarters from the New York metropolitan area to southern Florida. Mr. Kennedy previously served as CFO and executive vice president at Hilton Worldwide since 2008. From 2003 to 2007, he served as CFO at Vanguard Car Rental Group, which operated the National Car Rental and Alamo Rent-A-Car brands. Those brands are now owned by Enterprise Holdings Inc. Hertz has reported stronger sales the past few years, benefiting from a pickup in travel from both business and leisure customers since the end of the recession. Hertz and fellow rental-car company Avis Budget Group Inc. (CAR) also have inked deals to boost their results, including Hertz's takeover of Dollar Thrifty and Avis's acquisition of Zipcar.
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