Hertz leads the turnaround by tapping on the familiar face and naming the original Mark Fields Ford Chief Executive Officer as Interim CEO of Motor Co., Ltd.
Hertz Global Holdings Inc in June. Fields, Senior Advisor to TPG Capital, who joined the board of directors of TPG Capital, will take on a new role that will take effect soon. Car rental The company said in a statement Tuesday. According to Hearts, he will replace Paul Stone, who is currently president and chief operating officer.
“Hertz is a global icon and we are honored to help guide the company into the next 100 years,” Fields, 60, said in a statement. “The world will hear a lot from Hearts weeks or months ahead.”
The move happens just three months after Hearts is out of bankruptcy and trying to rebuild its pandemic-stricken business. This summer, the company and other car rental companies benefited from high prices due to a shortage of vehicles and stagnant demand for travel.
“Mark’s broad background Automotive and technology It will be very important to rebuild Hertz for the future, “Greg O’Hara, Chairman of the Board of Hertz, said in a statement.
After spending 28 years in Ford and the last three years as CEO, Fields was banished in 2017 after the board was dissatisfied with the progress of automakers’ transition to the future of electricity and autonomous driving. Fields received praise for how Ford’s former chief Alan Mulally managed Ford’s business, but the company’s profits and shares declined during his tenure as CEO.
Ford Ford boss Mark Fields appointed CEO of Hearts
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