SOURCE: The Hertz Corporation

The Hertz Corporation

April 21, 2010 16:16 ET

Hertz Appoints Kenneth Seavey as President, Off-Airport Business

Business Unit Focuses on Fast Growing Car Rental Segment

PARK RIDGE, NJ--(Marketwire - April 21, 2010) -  The Hertz Corporation (NYSE: HTZ) has appointed Kenneth Seavey President, Off-Airport Operations. With more than 1,700 locations, the fast growing $1 billion off-airport rental business focuses on insurance replacement, leisure and commercial rentals in urban and suburban markets across the country. Mr. Seavey is headquartered at the Company's corporate headquarters in Park Ridge, NJ.

Commenting on Mr. Seavey's appointment, Scott P. Sider, Hertz Executive Vice President and President, Car Rental and Leasing, The Americas said, "Kent's appointment reflects the profitable growth of our U.S. off-airport business. With Hertz's commitment to opening up 150 new locations this year alone, it was imperative that we appointed a senior level manager to help us drive plans to accelerate growth over the next few years. Kent's vast experience with Hertz's operations coupled with his proven management capability over a 20-year career here at Hertz, makes him the right choice to lead our North American off-airport business."

Mr. Seavey has held several senior management positions of increasing responsibility since joining Hertz and was most recently Division Vice President, North America Operations Support, overseeing several aspects of the daily operations, including ancillary product sales, executive customer relations, automotive services and process excellence. In that role, he provided support for most aspects of the North America on- and off-airport operations and simultaneously served as Vice President, North America Franchise Operations during this period. Mr. Seavey holds a B.S. degree from North Carolina State University.

The appointment of Mr. Seavey confirms Hertz' commitment to serving customers seeking to rent cars off-airport for insurance replacement, business trips, vacations and everyday purposes. Serving the insurance replacement industry for over a decade, Hertz's national footprint of off-airport locations can serve the majority of the US population and is a recognized supplier to more than 193 of the 209 property and casualty insurance carriers. Hertz Local Edition provides customers with a full range of rental vehicles, including compact through full-size cars and SUVs, and Hertz #1 Club Gold® counter service. The majority of Hertz Local Edition locations offer pickup and drop-off service and insurance replacement rentals.

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use airport car rental brand, operating from approximately 8,100 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 78 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 Satellite Radio, and unique cars and SUVs offered through the Company's Prestige, Fun and Green Collections, set Hertz apart from the competition. The Company also operates the global car sharing club, Connect by Hertz, in New York City, Berlin, London, Madrid and Paris. In addition, Hertz 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 325 branches in the United States, Canada, China, France and Spain.

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.