SOURCE: The Hertz Corporation

The Hertz Corporation

November 09, 2009 14:00 ET

Hertz Appoints Car Rental President for the Americas

Scott Sider to Succeed President Joseph Nothwang Upon His Planned Retirement

PARK RIDGE, NJ--(Marketwire - November 9, 2009) - Hertz Global Holdings, Inc (NYSE: HTZ) today announced that Scott P. Sider, currently President, Off-Airport Operations, will succeed Joseph R. Nothwang as the Company's senior executive leading the car rental and leasing businesses in the Americas. Mr. Nothwang, whose retirement plans were disclosed in public documents issued in December 2008 and March 2009, will leave the Company as planned on December 12, 2009 after 33 years of service.

Mr. Sider will become Executive Vice President & President, Car Rental and Leasing The Americas, effective upon Mr. Nothwang's retirement. The Company's Asia/Pacific car rental and leasing businesses, which includes China, India, Australia and New Zealand, will now report to Michel Taride. Mr. Taride is currently the Company's Executive Vice President and President responsible for car rental and leasing in Europe, the Middle East and Africa.

Mr. Sider joined Hertz in 1983 and has held a number of senior management positions in the Company's U.S. car rental operations. These include, starting in 1986, Manhattan Area Manager and Region VP for the New England, West Central and Western Regions, the latter being the largest in the Hertz network, before being named to lead the Company's North American off-airport business in 2008.

Mark Frissora, commenting on Mr. Sider's appointment said, "Scott has demonstrated the ability to generate revenue and profit growth, and build high quality teams, in our largest and most challenging U.S. car rental markets. With 23 years of management experience in the airport and off-airport markets, Scott, and his team, will build on the exceptional progress Hertz has made during the decade Joe Nothwang led our car rental business in the Americas."

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use car rental brand, operating from approximately 8,000 locations in 145 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 42 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa, Asia, and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, SIRIUS XM Radio, and unique cars and SUVs offered through the Company's Prestige, Fun, and Green Collections, set Hertz apart from the competition. In 2008, the Company launched Connect by Hertz, entering the global car sharing market in London, New York City and Paris. Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers from approximately 350 branches in the United States, Canada, China, France and Spain.