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Hertz Replaces CEO Scherr After Large Wager on EVs Fizzles

Hertz Replaces CEO Scherr After Large Wager on EVs Fizzles
March 16, 2024



Hertz International Holdings Inc. is changing its leader govt officer within the wake of a disastrous wager on electrical automobiles that the corporate started unwinding in contemporary months.Stephen Scherr, who ran Hertz for simply over two years after 3 many years at Goldman Sachs Workforce Inc., has made up our minds to step down, the rental-car corporate mentioned overdue Friday in a statementBloomberg Terminal. It’s changing him with Gil West, the previous leader running officer of Basic Motors Co.’s Cruise robotaxi unit. West additionally will sign up for the board of administrators on April 1, in step with the remark, which showed an previous Bloomberg record.

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