BTN Europe presents an overview of business travel and MICE predictions for this year
Hertz's board this week appointed EVP and North American
chief retail operations officer Paul Stone as president and CEO, succeeding
Hertz chairman Henry Keizer said in a statement the decision
came after "an ongoing succession planning process", and Marinello
plans to stay with Hertz for up to a year in a consulting role.
Marinello, a former GE executive, has led Hertz since
January 2017, and Keizer said she "oversaw a successful operational
turnaround, transformed Hertz's culture and built a best-in-class leadership
team." BTN named her as one of its 25 Most Influential due to her
efforts in the company's turnaround prior to the Covid-19 crisis.
Stone joined Hertz in March 2018 to lead its North American
car rental operations. He was previously an executive with Sam's Club/Walmart
and outdoor outfitter retail company Cabela's. He steps into the position as
Hertz is negotiating with lenders to avoid bankruptcy, as it works to
restructure lease payments amid a collapse in demand due to the Covid-19