Hertz CFO to be Honored

PARK RIDGE, N.J., April 12, 2012 /PRNewswire/ -- Hertz (NYSE: HTZ) CFO, Elyse Douglas, has been nominated for CFO magazine's Women in Finance Awards.  The awards will be presented on Tuesday, May 15, 2012 at the first annual CFO Women in Finance Conference held at Capitale in New York City.

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"We're pleased CFO magazine is honoring Elyse as she has been instrumental in moving the financial operations of Hertz forward," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer.  "Elyse has spearheaded the efficient financing of our business in an extremely difficult market environment, ensuring solid financial conditions of the Company.  In addition, Elyse has been influential in numerous key acquisition initiatives, including the Donlen fleet management and Cinelease acquisitions."

Elyse has served as the Company's Executive Vice President and Chief Financial Officer since October, 2007.  As Executive Vice President and Chief Financial Officer, Ms. Douglas is responsible for all aspects of financial management encompassing treasury, tax, risk management, accounting, financial reporting, business planning, corporate development, and corporate policies and procedures. Prior to joining Hertz, Ms. Douglas served as Senior Vice President and Treasurer of COTY, Inc. the $4.5 billion cosmetics company. Prior to that, Ms. Douglas held senior treasury and finance positions at Nabisco, Inc and JP Morgan. Ms. Douglas earned a bachelor's degree in Accounting from Villanova University and an MBA in Finance from New York University.   She is also a Certified Public Accountant and earned her (CFA) designation in 1997.

CFO magazine's first annual Women in Finance Awards will honor all of the women CFOs of the Fortune 500 and the Global  500 for their achievements in reaching the CFO seat at the world's largest companies – an amazing success as there are only 65 women CFOs out of the entire group.  The awards ceremony will take place from noon to 2:00 PM, preceded by a morning conference focusing on essential skills for succeeding in the C-suite and beyond, effective mentoring, and persuasive communications.  For more information on the event go to www.cfo.com/wif.

About Hertz

Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,500 corporate and licensee locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe.  In addition, the Company has sales and marketing centers in 60 countries which promote Hertz business both within and outside such country. Product and service initiatives such as Hertz Gold Choice, Hertz Gold Plus Rewards, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company's Adrenaline, Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with its service now referred to as Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada and Europe.  Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 315 branches in the United States, Canada, China, France, Spain, Italy and Saudi Arabia, as well as through its international licensees.  Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.   

SOURCE Hertz Corporation