Hertz Appoints Tom Sabatino Senior Executive Vice President, Chief Administrative Officer And General Counsel

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Jan 16, 2015, 09:01 ET

NAPLES, Fla., Jan. 16, 2015 /PRNewswire/-- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or "the Company") today announced that Thomas (Tom) J. Sabatino, Jr. has been appointed Senior Executive Vice President, Chief Administrative Officer and General Counsel, effective February 9. Mr. Sabatino will oversee legal, compliance, human resources, labor relations, communications, government affairs, community relations, real estate, facilities, and security. He joins Hertz from Walgreens Boots Alliance where he has served most recently as Executive Vice President, Global Legal and Chief Administrative Officer. He has also served as Executive Vice President and General Counsel at United Airlines and Schering-Plough as well as General Counsel at Baxter International and American Medical International.

Hertz appoints Thomas J. Sabatino, Jr. Senior Executive Vice President, Chief Administrative Officer and General Counsel.

John Tague, Hertz President and Chief Executive Officer, said, "Tom Sabatino is a seasoned executive who is also widely recognized as a leading general counsel. Tom will be a senior advisor and business partner, not only in his capacity as chief legal and compliance officer, but also in his role leading significant corporate functions. I look forward to working with Tom as we build a Hertz culture based on excellence, integrity and sustained performance."

Mr. Sabatino said, "I am thrilled to be joining John and the rest of his management team at this exciting time in Hertz's history. I hope to leverage my experience as a senior legal officer and leader of key corporate functions to help optimize the Company's performance as we work together to transform this iconic brand."

About Thomas Sabatino, Jr.
Thomas (Tom) J. Sabatino, Jr. has most recently served as Executive Vice President, Global Legal and Chief Administrative Officer at Walgreens Boots Alliance. He joined the company in 2011 as Executive Vice President, General Counsel and Corporate Secretary, assuming the title of Chief Administrative Officer in 2014. Prior to that, Mr. Sabatino was the Executive Vice President and General Counsel of UAL Corporation and United Airlines, Inc. in 2010, and as Executive Vice President and General Counsel of Schering-Plough Corporation from 2004 through 2009. Previously, he held General Counsel positions at Baxter International and American Medical International. He has received numerous awards from his peers, including Inside Counsel's Transformative Leader Award (2012), the National Bar Association Gertrude E. Rush Award (2013) and the Equal Justice Works Scales of Justice Award (2014). Mr. Sabatino earned his law degree from the University of Pennsylvania and his undergraduate degree from Wesleyan University in Connecticut.

He serves on the Board of Trustees of the Chicago Zoological Society (the Brookfield Zoo) and is the recent Past Chair of the Association of Corporate Counsel (the largest global in-house bar association).

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.

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