Ex-Delta COO West named Hertz CEO as predecessor steps down
The biggest name in the rental car business is getting a new leader.
Hertz Global Holdings announced Gil West, former chief operating officer of Delta Airlines and General Motors’ Cruise autonomous vehicle unit, will take the reins as its CEO effective April 1. He’ll succeed Stephen Scherr, who the company said has decided to step down from his positions as CEO and a member of the board of directors.
“Gil’s experience as a successful leader in operationally intensive businesses will further strengthen the company’s world-class team of more than 27,000 global employees, who work tirelessly to deliver outstanding service to customers daily,” said Tom Wagner, vice chairman of the Hertz board. “We are appreciative of Stephen’s contribution over the past two years, including a number of key strategic initiatives, which Gil will now lead in their continued execution.”
West, who will join the board, will work with Scherr during the next two weeks to smooth the transition.
“With a 106-year history, Hertz enjoys incredible brand strength and customer loyalty.” West said, “and I look forward to working with the team to achieve its potential for our customers, team members and shareholders.”
Colin Farmer, the board’s lead director, said West’s experience with massive companies makes him a good fit for the job.
“Gil’s success in leading more than 70,000 people at Delta and orchestrating highly effective operational turnarounds will position him well to lead Hertz,” Farmer said. “He will be able to build on the strategic projects begun during Stephen’s tenure, including improvements to technology, commercial partnerships and the revitalization of our value brands.
“Gil’s prior experience in transportation, travel and mobility will give him important perspective on how to thoughtfully lead Hertz into the future.”
Scherr said he leaves knowing the company is on solid footing.
“Over the past two years, the Hertz team has worked diligently to put the company on track for long-term success in a changing automotive landscape,” he said. “Hertz is well-positioned for the future, and I look forward to seeing the company execute on its strategy as a leader in mobility.”