Hertz CEO Stephen Scherr resigns after EV push goes bust, rental giant's biggest quarterly loss since 2020
Stephen Scherr will step down as Hertz Global Holdings Inc.’s chief executive officer and member of the company’s Board of Directors effective March 31, the company announced Friday. Scherr led Hertz for just over two years after spending nearly three decades at Goldman Sachs. In January, Hertz announced in financial filings that it had made the"strategic decision" to sell approximately 20,000 EVs from its U.S. fleet, or about one-third of its global EV fleet, and to instead invest in gas-powered cars.
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