Hertz Names Louis R. Franzese Chief Human Resources Officer

NAPLES, Fla. - Aug. 25, 2014 // PRNewswire // - The Hertz Corporation (NYSE: HTZ) announced today that it has appointed Louis R. Franzese as Chief Human Resources Officer, effective September 8, 2014. Mr. Franzese succeeds LeighAnne Baker, who left Hertz earlier this year to become Chief Human Resources Officer at Cargill, Inc.

Mr. Franzese joined Hertz in 1999 as Senior Staff Counsel specializing in Labor Relations. Between 2005 and 2012 he was the Company's senior labor lawyer and spokesperson, having been promoted to Vice President, Labor Relations and HR Practices in 2005. In 2012, Mr. Franzese was promoted to Senior Vice President with responsibility for the Company's Human Resources function in the Americas.

"Lou Franzese has extensive experience leading our HR efforts in the Americas, our largest market, including successfully managing the most sensitive employee and labor relations matters for Hertz," said Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "Lou has proven time and again his ability to constructively address employee-related issues and, in his most recent position at Hertz, stepped up to the challenge of leading HR business partnership, talent acquisition, employee relations and HR-related financial initiatives in the Americas.

"Lou has been a highly regarded member of our senior management team, and now moves into our most senior HR role in a time of transformation for Hertz and its employees. I am confident he will help lead us through this process to position Hertz for long term success as an employer of choice," Frissora added.

Prior to joining Hertz, Lou spent eight years in private practice representing management in all facets of employment and labor law matters. Throughout his career, Mr. Franzese has lectured on various employment related issues and served as the Corporate Counsel Coordinator on the Executive Committee of the New Jersey State Bar Association.

Lou has a Bachelor of Arts degree from New York University and his Juris Doctorate from Seton Hall University School of Law.

About Hertz

Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and licensee locations in about 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. Dollar and Thrifty have approximately 1,400 corporate and franchise locations in approximately 75 countries. Hertz is the number one airport car rental brand in the U.S. and at 130 major airports in Europe.

Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Company's Adrenaline, Dream, Family, Fun, Green and Prestige Collections also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services. More information about the company can be found at www.abouthertz.com.

SOURCE The Hertz Corporation


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