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Hertz Appoints Senior Administration & Quality Assurance Officer

Oct 15, 2002

The Hertz Corporation announced today that, effective January 1, 2003, Charles L. Shafer will be appointed Senior Vice President, Quality Assurance and Administration, succeeding Robert J. Bailey who is retiring.

Mr. Shafer has held a series of senior positions during his 37-year Hertz career, including Regional Vice President of the Company's Western Region headquartered in Southern California. Since January 1, 1998, Mr. Shafer has been President, Hertz Europe Limited, responsible for managing Hertz' European car and equipment rental operations and its car leasing business.

Commenting on Mr. Shafer's appointment, Craig R. Koch, Hertz' President and CEO, said, "Bob Bailey has been an outstanding leader of our centralized Administration, Reservation and Quality Assurance operations in Oklahoma City. We are fortunate to have the management depth to be able to appoint someone with Charles Shafer's vast experience and knowledge to assume this critical role in our organization."

Mr. Shafer will be succeeded in his current position by Mr. Michel Taride, a 22-year Hertz veteran, who has previously managed the Company's operations in France and Italy, and has been, most recently, General Manager of Hertz' European car rental operations.

Hertz is the world's largest car rental company with more than 7000 rental locations in more than 150 countries.

SOURCE: The Hertz Corporation

CONTACT: Richard Broome, +1-201-307-2486, for The Hertz Corporation