News Score: Score the News, Sort the News, Rewrite the Headlines

Hertz (HTZ) Replaces CEO Stephen Scherr After EV Bet Fizzles

Hertz Global Holdings Inc. is replacing its chief executive officer in the wake of a disastrous bet on electric vehicles that the company began unwinding in recent months.Stephen Scherr, who ran Hertz for just over two years after three decades at Goldman Sachs Group Inc., has decided to step down, the rental-car company said late Friday in a statementBloomberg Terminal. It’s replacing him with Gil West, the former chief operating officer of General Motors Co.’s Cruise robotaxi unit. West also w...

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines