SOURCE: The Hertz Corporation

September 18, 2007 14:30 ET

Hertz Names John A. Thomas Executive Vice President, Supply Chain Management

PARK RIDGE, NJ--(Marketwire - September 18, 2007) - Hertz Global Holdings, Inc. (NYSE: HTZ) announces that John A. Thomas has been appointed Executive Vice President, Supply Chain Management. Thomas joins Hertz from R.R. Donnelley where he most recently served as Group Senior Vice President, Business Process Outsourcing (BPO). Prior to R.R. Donnelley, Thomas managed the supply chain for two of General Electric's subsidiaries, including the company's flagship Aircraft Engines business.

"John Thomas brings to Hertz expertise and a history of consistent success in strategic business and fulfillment processes. John will lead our efforts to centralize and rationalize the more than $15 billion we spend annually on rental fleets and other purchased goods and services," comments Hertz Chairman and Chief Executive Officer, Mark P. Frissora. "John's prior positions, which include plant and operations management at GE, coupled with his expertise as a Six Sigma Black Belt and his program management and process reengineering skills, will be instrumental as we reorganize and globalize our current supply chain organization."

As Executive Vice President, Supply Chain Management, Thomas will be responsible for developing and implementing a comprehensive, company wide supply chain strategy focusing on centralizing and optimizing the company's overall operational and financial performance in the supply chain area. Thomas will be responsible for procurement, including the worldwide car and equipment rental fleets, as well as logistics and asset disposition, and real estate. By centralizing these processes, the Company will realize significant cost savings, including lower fleet acquisition costs, higher fleet disposition revenues and lower costs for other goods and services. Thomas will report directly to Hertz Chairman and Chief Executive Officer, Mark P. Frissora.

John holds a Bachelor's Degree in Electrical Engineering from Clemson University.

The Hertz Corporation, the world's largest general use car rental brand, operates from approximately 7,800 locations in 145 countries worldwide. Hertz is the number one car rental brand in the United States and at 69 major airports in Europe, as well as the only car rental company with corporate and licensee locations in Africa, Asia, Australia, Europe, Latin America, the Middle East and North America. Product and service initiatives such as Hertz #1 Club Gold, Neverlost customized onboard navigation systems, SIRIUS Satellite Radio, and unique cars and SUVs offered through Hertz's Prestige, Fun and Green collections, set Hertz apart from the competition. Hertz also operates one of the largest equipment rental companies in the United States and Canada combined, with corporate locations in France and Spain.

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