New Hertz CEO Will Be Ex-Goldman Sachs Finance Chief Stephen Scherr
Photo Credit: Tesla 3 electric vehicles at a Hertz airport location. The company appointed Stephen Scherr as its next CEO. Hertz / E.R. Davidson
Skift Take
Hertz's next CEO has his work cut out for him in remaking the company. The car rental firm's transformation plan sounds good on paper, but it will be up to Stephen Scherr to turn vision into reality.
Hertz appointed Stephen Scherr, a Goldman Sachs veteran who helped build its consumer digital bank, as the car rental company's new CEO.
Scherr, who worked as Goldman Sachs' chief financial officer until December 31 and had a nearly 30-year career at the investment bank, was co-chair of then-Mayor Elect Eric Adams' transition team in New York City. Scherr will replace Mark Fields, a former Ford CEO who has served as Hertz's interim CEO for the past four months, beginning February 28. Scherr will join Fields as a Hertz board member.
The changing of the guard announced on Friday occurs about seven months after Hertz emerged from bankruptcy, and tries to vastly improve the car rental experience for customers, and to get mo
