Hertz Appoints Jeffrey Foland Senior Executive Vice President & Chief Revenue Officer

- Marketing, Strategy and Sales veteran with diverse travel and transportation industry experience will lead global car rental commercial functions

News provided by

The Hertz Corporation

Jan 06, 2015, 08:30 ET

NAPLES, Fla., Jan. 6, 2015 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ)("Hertz" or "the Company") today announced that Jeffrey (Jeff) T. Foland has been appointed Senior Executive Vice President and Chief Revenue Officer, effective later this month. In his role at Hertz, Mr. Foland will oversee global car rental marketing, sales, pricing, and revenue functions. Mr. Foland has extensive executive-level experience leading marketing, strategy and sales functions, including 10 years at United Airlines where he has most recently been serving as Executive Vice President, Chief Marketing and Strategy Officer. Prior to that, Jeff served as a Principal at the global sales and marketing consulting firm ZS Associates, after holding positions at Detroit Diesel Corporation and General Motors, Allison Gas Turbine Division.

John Tague, Hertz President and Chief Executive Officer, said, "Jeff Foland is a performance-driven, seasoned executive with demonstrated success leading the commercial strategies of United Airlines, a highly successful global travel company, and a valued Hertz partner. I was fortunate to recruit Jeff to United in 2005 where he initially redefined United's corporate sales proposition, and then helped lead the company's comprehensive commercial transformation. I'm pleased that Jeff has decided to join the Hertz team to optimize our many current and untapped revenue opportunities."

Mr. Foland said, "I am honored to have been appointed to lead the significant commercial improvement opportunities available to Hertz. It's not often an executive has the chance to develop the long-term, global growth potential of iconic brands like Hertz, Dollar and Thrifty, and I look forward to partnering with John Tague and the rest of the Hertz team on this exciting journey."

About Jeffrey Foland
Jeffrey (Jeff) T. Foland has most recently served as Executive Vice President, Chief Marketing and Strategy Officer at United Airlines, Inc. Prior to that, Mr. Foland held other senior executive level positions at United, with various executive responsibilities including marketing, sales, corporate strategy, technology, ecommerce, loyalty programs, business development, contact centers and customer relations from January 2005 through December 2012. Mr. Foland joined United Airlines from ZS Associates, where he served as a Principal at the global sales and marketing consulting firm and was responsible for consulting in more than a dozen industries and led large-scale sales and marketing transformation initiatives. Prior to ZS, he held positions at Detroit Diesel Corporation and General Motors, Allison Gas Turbine Division. Mr. Foland has been an Independent Trustee at LaSalle Hotel Properties since January 2012. He received a Master of Business Administration degree from the University of Michigan and a Bachelor of Science Degree in Mechanical Engineering from Purdue University.

ABOUT HERTZ
Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 11,000 corporate and licensee locations throughout 140 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 355 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this release, and in related comments by the Company's management, include "forward-looking statements." Forward-looking statements include information concerning the Company's liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as "believe," "expect," "project," "potential," "preliminary," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company's actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on SEC Forms 10-K, 10-Q and 8-K. Some important factors that could affect the Company's actual results include, among others, the thorough review of the Company's internal financial records that is being conducted, additional time that may be required to complete the review, the ability of the Company to remediate any material weakness in its internal control over financial reporting, the ability of the Company's lenders to exercise any remedies under the Company's indebtedness, the final results of the SEC's inquiry or any other governmental inquiries or investigations and those that may be disclosed from time to time in subsequent reports filed with the SEC and those described under "Risk Factors" set forth in Item 1A of the annual report on Form 10-K/A for the year ended December 31, 2013 of the Company. You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE The Hertz Corporation