SOURCE: The Hertz Corporation

The Hertz Corporation

May 06, 2011 09:43 ET

Hertz Names John Holt Leader of Advantage Rent A Car

PARK RIDGE, NJ--(Marketwire - May 6, 2011) - The Hertz Corporation (NYSE: HTZ) and Advantage Rent A Car today announced that John Holt has been appointed Vice President, Advantage Rent A Car, effective immediately, and reporting to the Company's Chairman and Chief Executive Officer, Mark P. Frissora. Holt succeeds Lois Boyd who was appointed to lead Hertz's equipment rental business on April 25, 2011.

Commenting on Holt's appointment, Mark Frissora said, "John has 16 years' experience leading airport and off-airport operations for Hertz in important leisure travel markets, including California and Florida, where Advantage is strong and growing. After two years in the Hertz family, Advantage is already generating annual run rate revenues of $290 million from 60 locations in the U.S. and Europe. John will help the Advantage team capitalize on its growing presence in the deep value segment of the car rental market."

Mr. Holt joined Hertz in 1995 as a Manager of its airport location in San Diego. Other key roles include Territory Manager in Los Angeles, Director of U.S. car rental field operations in the company's Park Ridge, New Jersey headquarters and, most recently, General Manager of Off-Airport operations in Southeast Florida. Prior to joining Hertz, John held sales and operations leadership roles for other companies, including roles with a leading national leisure rent a car company. He is a graduate of San Diego State University with a B.A. degree in Business Administration and an M.B.A. from California State University.

About Advantage

Advantage Rent A Car, a wholly-owned subsidiary of Hertz Global Holdings, Inc., operates from 60 locations in the United States, 3 European locations in Italy and Spain, and provides service throughout Latin America. Advantage targets the value conscious consumer, offering a variety of cars -- from Economy to Full-size cars plus SUV's and Minivans -- at affordable prices. For more information, visit the company online at or call the company toll-free at 1-800-777-5500.

About Hertz

Hertz is the largest worldwide airport general use car rental brand operating from more than 8,500 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 83 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 services such as Hertz #1 Club Gold®, NeverLost® customized, in-car GPS system, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company's Collections, set Hertz apart from the competition. The Company also operates the Advantage car rental brand and the global car sharing club, Connect by Hertz. And, 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, and 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, Italy, Spain and Saudi Arabia.