Nothing here? Weird…
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Hertz experienced several notable resignations in 2024 and 2025, primarily linked to the company's challenges with electric vehicle (EV) investments. Stephen Scherr, the CEO, stepped down in March 2024 amid losses from the company's EV strategy. Later, CFO Kelly Galloway resigned in March 2025, and COO Justin Keppy resigned in June 2024, both following a period of significant changes at Hertz. [1, 1, 2, 2, 3, 3, 4, 4, 5, 5, 6, 7]
Elaboration:
• Stephen Scherr: He resigned as CEO in March 2024, primarily due to the high costs and low demand for the company's EV fleet, including its large purchase of Teslas. He was replaced by Gil West, a former executive at Delta Airlines and General Motors. [1, 2, 3, 6, 8]
• Kelly Galloway: The Chief Accounting Officer also resigned in March 2025, leaving the position to accept another role. Her departure was announced on March 12, 2025, and she remained with the company through the quarterly report filing. [4, 9]
• Justin Keppy: The COO resigned in June 2024, with the company citing an agreement on his departure. This departure followed the CEO's resignation and the company's major pullback from its EV strategy. [5]
• Other Resignations: In addition to the above, Fran Bermanzohn resigned from the Board of Directors in March 2024. These changes came amidst a period of significant restructuring at Hertz, including a focus on gas-powered vehicles and a reduction in its EV fleet. [5, 10, 11]
AI responses may include mistakes.
[1] https://www.news-press.com/story/news/local/2024/03/18/hertz-replaces-ceo-scherr-with-former-gm-exec-gil-west/73015613007/[2] https://www.inc.com/jason-aten/hertz-bet-big-on-tesla-now-its-ceo-is-out-of-a-job.html[3] https://www.carpro.com/blog/hertz-ceo-steps-down-and-is-replaced-march-2024[4] https://www.streetinsider.com/8K/Hertz+Global+%28HTZ%29+Announces+Resignation+of+Chief+Accounting+Officer/24513387.html[5] https://www.autorentalnews.com/10222733/two-hertz-execs-leaving-amid-company-troubles[6] https://www.motorfinanceonline.com/news/hertz-ceo-resigns-amid-ev-investment-setback/[7] https://fortune.com/2024/03/15/ceo-steps-down-prices-following-purchase-teslas/[8] https://qz.com/hertz-ceo-stephen-scherr-resigns-ev-electric-vehicles-1851341889[9] https://www.marketwatch.com/story/hertz-s-chief-accounting-officer-to-depart-35b4bd52[10] https://www.streetinsider.com/8K/Hertz+Global+%28HTZ%29+Announces+Resignation+of+Fran+Bermanzohn+from+Board/22969422.html[11] https://www.foxbusiness.com/lifestyle/hertz-ceo-stephen-scherr-resigns-ev-push-goes-bust
Not just the CIO. There has been a mass exodus after seeing the “Best in Class”’ Friends of Gil leadership team in action. They try to hide this from the company, but the fact is Gil and team believe anyone that was at Hertz before their arrival is beneath them and can be easily replaced.
These are just some of the resignations so far in 2025:
Chief Information Officer
Chief Marketing Officer
Chief Accounting Officer
Chief Procurement Officer
3 Senior Vice Presidents
4 Vice Presidents
Several Senior Directors and Directors.
More to come soon…
No one that actually knows anything about the industry buys what this Delta group is trying to do and many would rather just leave. Almost the entire finance team quit rather than keep working for the CFO. This company is in trouble.
Amazing how these execs get hired when they have such a horrible track record of performance. He basically did nothing to help Hertz why would another company see value in him?
Why not leave this d-mb company with a bunch of cash? I am moving to an easier company, good money, and out of the Delta delusional strategy. Come visit me at Loves on OKC.
You have Sandipsheet and almost ded Ned that will take good care of you.
Stayed long enough to get vested now he walks away with bags of cash.