SOURCE: The Hertz Corporation

The Hertz Corporation

The Hertz Corporation

December 01, 2009 13:35 ET

Stuart to Lead Connect by Hertz Global Car Sharing

PARK RIDGE, NJ--(Marketwire - December 1, 2009) - Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that Robert J. Stuart, Senior Vice President, Global Sales, has been given the additional responsibility to direct the Company's global car sharing business, Connect by Hertz. Launched in December 2008, Connect by Hertz provides car sharing services in London, New York City and Paris as well as on 20 college campuses and at several corporate campuses in the U.S. and U.K.

The Company also announced that Griff Long, Senior Director, Global Car Sharing, who has overall responsibility for Connect operations in the United States, will assume operational responsibility for Connect's European operations as well, reporting to Mr. Stuart.

Mark P. Frissora, Chairman and Chief Executive Officer, commenting on Mr. Stuart's increased responsibilities, said, "We have successfully launched Connect by Hertz in three large target markets -- urban, university and corporate -- and the keys to future growth are a much larger membership base and turning Connect members into repeat customers. Under Bob Stuart's direction, we will be able to leverage the global sales team at Hertz to drive Connect's growth, increasing our already significant presence in the car sharing market, and enabling us to make customer demand based decisions about future car sharing investments."

Mr. Stuart joined Hertz in 2007 after seven years in senior sales and marketing management positions at General Electric and, prior to that, 13 years in sales management positions at The Halex Company and Philips Lighting Company.

Connect by Hertz, The Hertz Corporation's global car sharing club, has over 650 vehicles, 10,000 members and more than 300 locations worldwide, including corporate offices and universities. Connect by Hertz offers vehicles in the Personal, Social and Jet Set Collections; all are available for online reservation at competitive rates through the Connect, Connect 50 or Connect 125 programs. All cars are equipped with Eileo® technology, and benefits covered by the hourly rate include gas, insurance, GPS turn-by-turn navigation, 24/7 roadside assistance, 24-hour Member Care Center communication, and 180 free miles per day. For more information, see www.connectbyhertz.com.

The Hertz Corporation (www.hertz.com), 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, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa, 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.