1. Mike Moore promoted to COO, overseeing fleet operations at Hertz. 2. CEO highlights commitment to operational excellence and disciplined execution. 3. Moore's extensive background includes leadership at Delta and Virgin Galactic. 4. Focus on transforming operations and enhancing customer experience emphasized.
The promotion of Mike Moore, with proven leadership skills, suggests operational improvements that can enhance profitability. Historical examples show that strong leadership transitions often lead to stock gains, particularly in turnaround scenarios.
The leadership change aligns with Hertz's strategic goals and indicates a focus on efficiency, likely maintaining investor confidence. A stable operational leadership is essential for executing long-term strategies.
As Hertz focuses on operational excellence and fleet optimization, these changes may take time to reflect in financial performance. Previous leadership changes in similar companies have shown positive long-term impacts on stock performance.
Hertz Global Holdings, Inc. (NASDAQ:HTZ) ("Hertz" or the "Company"), a leading global car rental company, today announced that Mike Moore has been promoted to Executive Vice President, Chief Operating Officer with direct, end-to-end responsibility for all fleet operations.
"As we continue transforming Hertz for the long term, Mike's appointment reflects our commitment to disciplined execution and operational excellence," said Gil West, CEO of Hertz. "Mike's proven leadership in optimizing our fleet and delivering process rigor, combined with his deep knowledge of our business, make him the right leader to drive results and strengthen our foundation for sustained performance."
Mike Moore joined Hertz in July 2024 as Executive Vice President Technical Operations. With over 25 years of experience in fleet operations and maintenance, Moore has expertise in operational oversight and implementing process improvements that drive cost efficiencies and enhance financial performance. He has held leadership positions at Delta Air Lines, where he spent a decade in operations-focused roles of increasing responsibility, and at Northwest Airlines, among other companies. Prior to joining Hertz, he most recently served as Executive Vice President, Spaceline Technical Operations at Virgin Galactic. Moore holds an MBA from Indiana Wesleyan University and a Bachelor of General Studies degree from Valdosta State University.
Mike Moore said, "Successful operations start with a strong team, clear data, and disciplined execution. At Hertz, we're fortunate to have a team full of determination that's helping drive our turnaround and build the foundation for long-term success. In Operations, we embrace the daily grind, connecting fleet, safety, customer service, and technical operations into something greater. It's a privilege to lead this team that's putting in the hard work to transform our operations with a relentless focus on delivering the experience our customers deserve."
ABOUT HERTZ
Hertz Global Holdings, Inc. is one of the world's leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.
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