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Hertz's Board Welcomes Michael F. Koehler and Linda Fayne Levinson as Directors

PR Newswire
Mar 7, 2012

PARK RIDGE, N.J., March 7, 2012 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" together with its subsidiaries, the "Company" or "we") announced that Michael F. Koehler and Linda Fayne Levinson have been elected by the Board of Directors of Hertz and The Hertz Corporation as directors.

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Mr. Koehler is President, Chief Executive Officer and a member of the board of directors of Teradata Corporation ("Teradata"), a publicly-traded provider of enterprise data warehousing and integrated marketing software.  Prior to the separation of Teradata from NCR Corporation ("NCR"), Mr. Koehler served as Senior Vice President of the Teradata Division of NCR from 2003 to 2007.  From September 2002 until March 2003, he was the Interim Leader of the Teradata Division.  From 1999 to 2002, Mr. Koehler was Vice President, Global Field Operations of the Teradata Division and he held management positions of increasingly greater responsibility at NCR prior to that time. 

Ms. Levinson was Chair of the Board of Directors of Connexus Corporation an online marketing company, from July 2006 until May 2010 when it was merged into Epic Advertising. Ms. Levinson was a partner at GRP Partners, a venture capital investment fund investing in start-up and early-stage retail and electronic commerce companies, from 1997 to December 2004. Prior to that, she was a partner in Wings Partners, the private equity firm that took Northwest Airlines private, an executive at American Express running its leisure travel and tour business, and a Partner at McKinsey & Co. Ms. Levinson is also a director of Jacobs Engineering Group Inc., Ingram Micro Inc., The Western Union Company and NCR Corp., where she has served as a director since 1997 and Lead Independent Director since 2007.

Mark P. Frissora, the Chairman and Chief Executive Officer of Hertz, said "We are exceptionally fortunate to attract to our Board two top echelon executives with significant experience relevant to our businesses. Linda Levinson has an extensive travel industry and online marketing background which will be invaluable as Hertz continues to differentiate from the competition and to deepen customer loyalty.   Mike Koehler's vast knowledge of IT, including data warehousing and marketing software, will be invaluable as Hertz implements its technology-driven, asset light business model, and harnesses data to drive even higher levels of customer satisfaction."

About Hertz

Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,500 corporate and licensee locations in approximately  150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe. In addition, the Company has sales and marketing centers in 60 countries which promote Hertz business both within and outside such country. Product and service initiatives such as Hertz Gold Choice, Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company's Adrenaline Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with its service now referred to as Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada and Europe. Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 315 branches in the United States, Canada, China, France, Spain, Italy and Saudi  Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services. 

SOURCE Hertz Corporation