Hertz Announces Retirement of Chief Investor Relations Officer
Lauren Babus's Retirement to Take Effect at the End of October 2008; Richard Broome Appointed Interim Investor Relations Officer While an External Search Is Conducted
Oct 16, 2008
PARK RIDGE, NJ -- (MARKET WIRE) -- 10/16/2008 -- Hertz Global Holdings, Inc. (
Ms. Babus joined Hertz in 1983, and has served as the company's chief investor relations officer since the Company's IPO in November 2006. She also served in that capacity when Hertz was publicly traded from 1997 through March 2001. Additionally, Ms. Babus held senior positions in the Company's Treasury operations during her 25-year Hertz career.
"Lauren has made significant contributions to our success during her 25-year career at Hertz, and she has taken the lead expanding our visibility and credibility with investors and research analysts during her most recent tenure as chief investor relations officer," said Mark P. Frissora, Hertz's Chairman and Chief Executive Officer. "Over the past 2 years, Lauren has been a reliable source of timely and accurate financial and operational information for the investment community, based on her vast experience in our cash management operations, as well as her deep knowledge of the global car and equipment rental businesses. Lauren has been an important member of our senior management team and I wish her a long, healthy and happy retirement," he added.
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (