Category: Press Release

PARK RIDGE, N.J., Dec. 2, 2013 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) announced today that Thomas (Tom) C. Kennedy has been appointed Senior Executive Vice President and Chief Financial Officer, effective December 9, 2013. David J. Rosenberg, who has been serving as interim Chief Financial Officer since October 1, 2013, will assist Mr. Kennedy during a transition period, before taking on another senior role in the Company’s Finance area.

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Mr. Kennedy has been serving as Executive Vice President and Chief Financial Officer of Hilton Worldwide, Inc. since 2008. In this capacity, he has been instrumental in driving the transformation of Hilton including balance sheet restructuring and deleveraging initiatives, financial planning and forecasting process improvements, and companywide efficiency programs, all leading to significant shareholder value creation. From 2003 through 2007, Mr. Kennedy served as Executive Vice President and Chief Financial Officer for the Vanguard Car Rental Group (National Car Rental and Alamo Rent-A-Car brands). He was part of the senior leadership team which engineered the transformation and ultimate sale of Vanguard’s European business to Eurazeo and the sale of the North American business to Enterprise Rent-a-Car. At Hilton and Vanguard, Mr. Kennedy also helped lead headquarter relocation initiatives. From 1992 through 2003, Mr. Kennedy worked for Northwest Airlines, Inc. in numerous roles with increasing management responsibility, primarily in the company’s financial areas, including serving two years as the financial controller for Asia based in Tokyo, Japan. Mr. Kennedy was Senior Vice President and Controller when he left Northwest for Vanguard in 2003. He holds a BA degree in Economics, summa cum laude, from Tulane University and an MBA from Harvard University.

"Tom has demonstrated excellent leadership skills in two previous CFO assignments with multi-national, travel industry companies," said Hertz Chairman and Chief Executive Officer Mark P. Frissora. "His experience will be invaluable at Hertz as we continue to integrate Dollar Thrifty and evaluate strategic options and future capital deployment strategies going forward," Frissora added.

About Hertz
Hertz Global Holdings, through its subsidiary The Hertz Corporation ("Hertz," the "Company" or "we"), operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,460 corporate, licensee and franchisee locations 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 8,960 corporate and licensee locations in approximately 150 countries. Our Dollar and Thrifty brands have approximately 1,500 corporate and franchisee locations in 85 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company-operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at 120 major airports in Europe where we have company-operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by overall reported revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 340 branches in the United States, Canada, France, Spain, China and Saudi Arabia, as well as through our international licensees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

SOURCE The Hertz Corporation

ESTERO, Fla., Nov. 26, 2013 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) today held a groundbreaking ceremony for its state-of-the-art global headquarters to be located at the intersection of U.S. Route 41 and Williams Road in Estero, Florida. The project is expected to create an estimated 400 headquarter jobs to be filled locally, and approximately 300 positions to be filled by Hertz employees relocating to the Estero area upon its completion in 2015.

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"Florida is a global tourism epicenter, with more than 89 million visitors last year alone and almost one million Floridians employed in the industry. As the world’s largest car rental company, we believe Southwest Florida is the perfect location for our worldwide headquarters," said Hertz Chairman and Chief Executive Officer Mark P. Frissora. "We are gratified, as we commemorate the groundbreaking today, by the ongoing support and warm welcome from public officials at all levels and citizens throughout the region. We are already calling Southwest Florida our home and we will quickly become an important part of the community."

Dignitaries who attended the ceremony included Governor Rick Scott, Enterprise Florida President and CEO Gray Swoope, and Lee County Commission Chairman Larry Kiker and his immediate predecessor Cecil Pendergrass, all of whom were instrumental in bringing Hertz to Southwest Florida. During the ceremony, Governor Scott dedicated the American flag to Hertz as a symbol of the beginning of a long-term partnership and continued prosperity. The dedicated flag was flown over the Florida state capitol on Friday, November 15, 2013 to coincide with the governor’s announcement that Florida had achieved a record third quarter for visits from travelers the world over.

As part of Hertz’s rebranding efforts, the new headquarters building will apply best practices in sustainable design and construction to achieve LEED Gold certification – from energy-efficient lighting and equipment, and recycled building materials and finishes, to the installation of solar panels and water-saving fixtures. The building design will help Hertz create a best-in-class work environment for its employees.

For the project, Hertz has employed Turner Construction, a leader in sustainable construction that has been building in Florida for 105 years, as well as Gensler, the global leader in corporate headquarters design.

In May 2013, Hertz announced that it would move its global headquarters to Estero, Florida following its November 2012 acquisition of the Dollar Thrifty Automotive Group. Construction will begin on a site at the intersection of U.S. 41 and Williams Road in Estero, Florida. As of November 2013, Hertz established a temporary headquarter operations in Naples, Florida, while the Estero building is under construction.

About Hertz

Hertz Global Holdings, through its subsidiary The Hertz Corporation ("Hertz," the "Company" or "we"), operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,460 corporate, licensee and franchisee locations 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 8,960 corporate and licensee locations in approximately 150 countries. Our Dollar and Thrifty brands have approximately 1,500 corporate and franchisee locations in 85 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company‑operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at 120 major airports in Europe where we have company‑operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by overall reported revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 340 branches in the United States, Canada, France, Spain, China and Saudi Arabia, as well as through our international licensees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 25, 2013 /PRNewswire/ — The Hertz Corporation (NYSE:HTZ) has announced that Hertz Equipment Rental Corporation (hertzequip.com) has relocated its Williston, North Dakota operations to a brand new, state-of-the-art facility that includes a 12,720 square foot building situated on a 5.08 acre lot. Located in Missouri Ridge Commercial Park, the full service equipment rental branch caters for the booming oil fields of North Dakota and northeastern Montana, as well as the local commercial construction market.

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The new Williston facility and its neighbouring Hertz Equipment branches in Dickinson and Bismarck, North Dakota and Regina, Saskatchewan, Canada deliver specialty equipment solutions for producers, refineries and commercial construction. The company is also serving on site with companies in the area.

"North Dakota and the surrounding region is experiencing record levels of oil and gas production, particularly due to the Bakken and Three Forks Formations of the Williston Basin. As the Williston township is one of the prime hubs in the region, we have expanded our facilities and added new staff to meet the huge demand on our services," said Lois Boyd, Group President, Hertz Equipment Rental Corporation.

"Oil, gas and construction companies are increasingly finding that equipment rental instead of ownership makes strong economic sense. In addition to offering state-of-the-art equipment, we provide highly specialist knowledge to bring financial value to our customers’ bottom line."

The Hertz Equipment Williston facility provides a wide range of industrial and commercial fleet for rent or sale including aerial, compaction and paving, earth moving, heaters, power generators, forklifts and other material handling equipment. In addition the location features a retail showroom and offers rentals and sales of small tools, equipment and safety supplies.

Hertz equipment is purchased from the industry’s leading manufacturers and is available for daily, weekly, monthly and long-term rentals. There are also rent-to-own and rental purchase option plans available for the new and used equipment for sale.

The Williston, ND branch employs highly trained staff fully dedicated to providing customers a premier rental experience. The branch is located at 5823 Jefferson Lane, Williston, ND 58801 in the Missouri Ridge Commercial Park. Its hours of operation are 7:00am – 6:00pm Monday – Friday and 8:00am – 1:00pm Saturday. Local staff can be reached at 701-609-5561 or fax 701-609-5567.

About Hertz Equipment Rental Corporation
Hertz Equipment Rental Corporation (www.hertzequip.com) – a wholly owned subsidiary of The Hertz Corporation since 1965 – operates one of the world’s largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers programs and equipment through its customer programs for Aerial, Energy, Entertainment, Government, HERC360 Fleet Management, Industrial Plants, National Accounts and Safety. With approximately 360 locations in the United States, Canada, China, France, Spain and Saudi Arabia as well as through international licensees, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.

About The Hertz Corporation
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 10,400 corporate, licensee and franchisee locations 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 8,800 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in approximately 80 countries. Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine’s readers as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat’s 2013/14 U.S. Car Rental Survey, earning top honors in 10 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz 24/7 hourly car rental business. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, through approximately 350 branches in the United States, Canada, China, France, Spain and Saudi Arabia, as well as through its international licensees.

Contact: Zoe White
+44 1895 553 887
zoewhite@hertz.com

SOURCE The Hertz Corporation

LONDON, Nov. 25, 2013 /PRNewswire/ — The Hertz Corporation (NYSE:HTZ), the world’s leading general use car rental brand, has added Ford Focus ST-H models to its Fun Collection in the Netherlands, with the "hot hatches" now available to rent from Schiphol Airport. The Ford Focus ST-H follows a long tradition of Ford creating limited edition models hallmarked with an "H" for Hertz. Each Ford Focus ST-H hatchback sports a Panther Black color with distinctive gold stripes and alloy wheels finished in gold metallic. The look has been created exclusively for Hertz, echoing the exteriors of Ford’s Shelby Mustang GT350H and Shelby GT-H which Hertz introduced for rent in 1966 and 1980 respectively.

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Michel Taride, Group President of Hertz International, said: "The sleek black exterior along with the special gold stripes and wheels of the spectacular Ford Focus ST-H are a tribute to the Shelby Mustang GT350H and the Shelby GT-H editions created for Hertz in the past. The Ford Focus ST-H expertly blends this tradition with the refined engineering of the modern performance hatchback. Its thrilling dynamics mark the Ford Focus ST-H as a perfect addition to the Fun Collection, where the emphasis is on the sheer joy of driving."

Like the standard Focus model, the Ford Focus ST-H is powered by a turbo charged direct-injection 2.0L EcoBoost engine that develops 252 horsepower with optimal fuel economy. The hatchback can accelerate from 0-100 km/h in 6.5 seconds. The car also comes equipped with Recaro® sports seats and the SYNC connectivity system for hands free entertainment and communications.

As part of the Fun Collection, the Ford Focus ST-H carries the Hertz Make and Model Guarantee, meaning that customers will drive away with the model that they booked. The Ford Focus ST-H is available for rent from 90 euros per day and can be booked from www.hertz.com. Terms and conditions apply, which can be obtained from the website.

About Hertz

The Hertz Corporation (www.hertz.com) operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 10,400 corporate, licensee and franchisee locations 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 8,800 corporate and licensee locations in 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in 80 countries.

Hertz is in its 95th year of delivering quality car rental solutions to leisure and corporate customers. Product and service innovations such as Hertz #1 Club Gold, Worldwide Online Check-in, specially designed NeverLost® satellite navigation systems, and unique cars offered through the company’s Prestige, Family, Fun/Adrenaline and Green Collections, set Hertz apart from the competition.

CONTACT: Zoe White, zoewhite@hertz.com, 44 1895 553 887

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 25, 2013 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) (the "Company") announced today that Hertz Fleet Lease Funding LP ("HFLF"), a wholly owned special purpose subsidiary of Donlen Corporation ("Donlen"), a wholly-owned subsidiary of the Company, successfully issued $500 million in aggregate principal amount of Series 2013-3 Floating Rate Asset Backed Notes, Class A, Class B, Class C and Class D (the "HFLF Series 2013-3 Notes"). Donlen utilizes the HFLF securitization platform to finance its U.S. fleet leasing operations.

The HFLF Series 2013-3 Notes are floating rate and carry an interest rate based upon a spread to one-month LIBOR. The $461.1 million of Class A notes carry a spread of 0.55%, the $13.4 million of Class B notes carry a spread of 1.05%, the $12.9 million of Class C notes carry a spread of 1.45%, and the $12.6 million of Class D notes carry a spread of 2.00%. The HFLF Series 2013-3 Notes contain provisions that allow them to revolve until December 2014. During the revolving period, the monthly lease collections allocable to the HFLF Series 2013-3 Notes are permitted to be used, subject to customary conditions, to fund the acquisition of vehicles and/or equipment to be leased to customers. Upon expiration of the revolving period, the repayment of principal of the HFLF Series 2013-3 Notes will commence, with monthly payments made from the HFLF Series 2013-3 Notes’ allocable share of lease payments and proceeds from the sale of vehicles and equipment leased thereunder until the HFLF Series 2013-3 Notes are paid in full. The assumed weighted average life to maturity of the Class A notes, the Class B notes, the Class C notes, and the Class D notes are expected to be 1.93 years, 2.82 years, 2.88 years, and 2.92 years, respectively. The Class B Notes are subordinated to the Class A Notes. The Class C Notes are subordinated to the Class A Notes and the Class B Notes. The Class D Notes are subordinated to the Class A Notes, the Class B Notes, and the Class C Notes.

The notes were offered and sold only to qualified institutional buyers, who are also qualified purchasers, in an offering exempt from registration pursuant to Rule 144A of the Securities Act of 1933, as amended (the "Securities Act").

The net proceeds from the sale of the notes were used (i) to repay a portion of the outstanding principal amount of HFLF’s Series 2013-1 Notes and (ii) to make loans to DNRS II LLC, a wholly owned special purpose subsidiary of Donlen. The offering closed on November 25, 2013.

Barclays Capital Inc. acted as sole structuring advisor and Barclays Capital Inc. and J.P. Morgan Securities LLC acted as joint lead bookrunners. Fifth Third Securities, Inc. and PNC Capital Markets LLC acted as co-managers.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the HFLF Series 2013-3 Notes or any other securities, nor will there be any sale of the HFLF Series 2013-3 Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The HFLF Series 2013-3 Notes were issued in reliance on the exemption from the registration requirements provided by Rule 144A under the Securities Act. None of the HFLF Series 2013-3 Notes have been registered under the Securities Act or any state or other jurisdiction’s securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state and other jurisdiction’s securities laws.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning our liquidity, outlook, anticipated revenues and possible or assumed future results of operations, including descriptions of our business strategy, as well as any other statement that does not directly relate to any historical or current fact. These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in these circumstances. We believe these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions. Many factors could affect our actual financial and operating results and could cause actual results to differ materially from those expressed in the forward-looking statements, due to a variety of important factors, both positive and negative.

The Company therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 21, 2013 /PRNewswire/ — In a continued effort to reduce the environmental footprint of its operations, The Hertz Corporation (NYSE: HTZ) rolled out a waterless, non-toxic "green clean" car washing process at more than 220 neighborhood locations across the United States. As one of the largest car rental companies in the world, Hertz plans to expand this to all viable neighborhood locations in the United States and Europe in 2014, making waterless car washing available to nearly 3,700 locations which could save more than 130,000,000 gallons of car wash water annually.

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"Managing one of the largest car rental fleets in the world requires a significant amount of car washing," commented Hertz Chairman and Chief Executive Officer, Mark P. Frissora. "Moving to a waterless car wash system is another innovative way Hertz is addressing both its sustainability and business needs. We have been able to achieve significant environmental and cost savings while continuing to offer customers the best fleet in the industry."

Keeping with Hertz’s high-quality service standards for cleanliness and customer satisfaction, this new process ensures that cars are detailed properly while both conserving water and avoiding toxic cleaners. Hertz worked with Green Team Partners, LLC ("Green Team Partners") to develop a non-toxic, biodegradable and hyper-concentrated waterless car wash formula and dispenser, which reduced the product volume by 79 percent and resulted in a 77 percent reduction in shipping and transport costs over non-concentrated solutions.

"We were very excited to bring our processes and products to Hertz and even more thrilled when Hertz adopted our waterless detailer program for its fleet," commented Max Krumer, President of Green Team Partners. "To see a large organization put such great emphasis on going green and investing in sustainability efforts is amazing, and we’re glad to be part of Hertz’s efforts."

An entire car can be washed with 6 to 8 ounces of a proprietary, environmentally friendly, fully biodegradable solution, in approximately 8 minutes. After the solution is sprayed onto the car, the specially formulated molecules envelop the dirt particles, lifting them away from the car’s paint. A high quality microfiber towel is then used to wipe the lifted dirt particles off the surface. A second clean microfiber towel is used to polish the surface, leaving behind a shiny protective coating that preserves the clear coat and paint.

Environmental sustainability, Hertz’s Living Journey, is integrated throughout the Company, from its car washes to the way its rental locations are built. Hertz is committed to its sustainability efforts – both from a fleet and operations perspective – and prides itself as a market leader in sustainable transport and operations. As Hertz redesigns its facilities, the company is introducing specific sustainable construction and design highlights, including LEED certification at select sites, the use of LED and energy efficient lighting, solar power systems and solar outdoor lighting at select sites, post-consumer recycled content materials and finishes, water saving fixtures and zero-VOC paints. Hertz is also rolling out a national single-stream recycling program in addition to current recycling efforts around automotive waste oils and tires. Other Hertz Living Journey outcomes include production of 2.5M kWh of solar energy annually and sustainable mobility solutions. More than 75% of the company’s fleet averages 28+ MPGs and the Green Traveler Collection offers a variety of alternate fuel vehicles, including Electric Vehicles, Clean Diesels, Compressed Natural Gas vehicles and hybrids.

Hertz has been recognized for its sustainability achievements as well including Zagat’s "Best Green Options", Global Business Travel Association’s "Sustainable Innovation Award", Swedish Association of Green Motorists’ "Most Environmentally Friendly Car Rental Company", and Fleet News UK’s "Environmental Award."

For more information, visit www.hertzlivingjourney.com or www.Hertz.com or follow Hertz on Facebook or Twitter.

About Green Team Partners
Green Team Partners offers management consulting services and related products for corporate entities to create solutions and streamline processes in water conservation, recycling infrastructure, and pollution reduction. By becoming a Green Team Partner, a business dedicates itself to environmental education and sustainability.

About Hertz
Hertz operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,400 corporate, licensee and franchisee locations 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 8,800 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in approximately 80 countries. Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine’s readers as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat’s 2013/14 U.S. Car Rental Survey, earning top honors in 10 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and services such as Hertz Gold Plus Rewards, NeverLost®, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz On Demand car sharing business. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 19, 2013 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) announces the expansion of its Give + Go rental program, which enables customers to support their local communities through Hertz 24/7 hourly car rentals. The goal of the program is to make everyday activities, like renting a car or running errands, contribute to healthier, happier communities; Hertz Give + Go donates the proceeds from the first hour of every Hertz 24/7 Give + Go rental to Operation Support Our Troops. Through the partnership, more than 10,000 pounds of care packages will be delivered to U.S. troops overseas. Each Hertz 24/7 rental in a Give + Go car will provide four deployed U.S. troops with personalized care packages from home.

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"Hertz launched its Hertz for Heroes program to honor and support the nation’s military personnel, those brave men and women whose personal mission is to protect our country," said Mark Frissora, Hertz Chairman and Chief Executive Officer. "This year, we’re excited to partner with Operation Support our Troops America, a dedicated group that aims to provide military personnel and their families with support while deployed as well continued assistance once back home. By donating the first hour of every Hertz Give + Go rental to Operation Support our Troops, we will deliver more than 10,000 pounds of care packages to those serving overseas."

Operation Support Our Troops (OSOT) provides Care and Comfort Packages to active duty military through its volunteer, partnership and donations efforts. Packages contain 25 pounds of comfort items that troops either cannot get from their PX or that are just not the same as what’s available state-side. In addition, each package contains letters from people in the local community expressing their support of our military. Launched in 2003 by a couple of army moms, the program, today, operates from two warehouses in the Chicago area. Items for the packages are collected from business partners, church groups, schools, and community organizations and the program provides a way for the average citizen to show support for military members.

"Operation Support Our Troops is dedicated to supporting ‘America’s Sons and Daughters’ while they serve overseas and also upon return to the states," said Deb Rickert, Founder, Operation Support Our Troops. "To date, we’ve delivered more than 1.3 million pounds of goods to troops deployed around the world and we’ve grown to be one of the largest volunteer based military support organizations in the country. We provide tens of thousands of service members with care and comfort packages from home annually through volunteer efforts, donations and partnerships with companies like Hertz."

Hertz 24/7 Give + Go partnership with Operation Support Our Troops was selected by local Chicago residents and customers via online and event voting, more than 16,000 online votes were cast. Give + Go vehicles are selected with sustainable mobility in mind. Every car is fuel efficient (38+ MPG), hybrid or alternative fuel (CNG or clean diesel). The Hertz Give + Go OSOT car is available at 2828 N. Clark Street Chicago, IL. Hertz launched Give + Go earlier this year during NBA Green Week in partnership with the Oklahoma City Thunder to support the Regional Food Bank of Oklahoma.

Hertz for Heroes, a project initiated by Hertz employees with military backgrounds, was formerly launched in 2011 when the company donated 40,000 free weekend rentals to vets returning home from overseas. Hertz for Heroes was expanded when the Company joined the White House’s Veteran’s Hiring Initiative, Joining Forces, led by the First Lady and Dr. Jill Biden. In support of Joining Forces, Hertz launched a military hiring portal, http://hertz.jobs/military that allows veterans and their family members to view and apply for available Hertz jobs across all company divisions. To date, Hertz has hired more than 300 veterans, meeting its commitment to the Joining Forces initiative.

For more information or reservations, visit www.Hertz247.com.

About Operation Support Our Troops America
Our mission is to support the morale and wellbeing of American forces by providing comfort, resources and education to them and their families both while they are deployed in harm’s way and after their return. As a volunteer based non-profit organization, we provide the opportunity for our community members to express their appreciation and also offer support for our troops. http://www.osotamerica.org/

About Hertz
Hertz operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,400 corporate, licensee and franchisee locations 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 8,800 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in approximately 80 countries. Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine’s readers as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat’s 2013/14 U.S. Car Rental Survey, earning top honors in 10 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and services such as Hertz Gold Plus Rewards, NeverLost®, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz On Demand car sharing business. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 18, 2013 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) today announced building plans for its new global headquarters campus in Estero, Florida, at the intersection of US Route 41 and Williams Road. The world-class, LEED-certified headquarters building design incorporates the key elements of Hertz’s global rebranding initiative. Several campus structures and details incorporate Tuscan and Mediterranean elements, as a result of collaboration with community leaders.

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"The new headquarters will be a highly sustainable and efficient world-class building, enabling us to create a best-in-class work environment for our employees. We believe the building will help us recruit top talent locally and nationally, while supporting cultural change at Hertz," said Mark P. Frissora, Chairman and Chief Executive Officer. "The campus design will be the primary example of our global rebranding program, and also reflects input from Estero community leaders. The Estero campus, when completed, will achieve our original goal of bringing together Hertz, Dollar and Thrifty headquarters employees in one location. Additionally, we believe our headquarters campus will help Southwest Florida realize its long-term economic development aspirations," Frissora added.

A highlight of Hertz’s global rebranding effort is the company commitment to minimizing its environmental footprint through efficiency improvements, resource management and renewable energy production. The new headquarters facilities will use best practices in sustainable design and construction targeted to achieve LEED Gold certification – from energy-efficient lighting and equipment, and recycled building materials and finishes, to the installation of solar panels and water-saving fixtures.

Hertz worked with local community groups to ensure their feedback and participation in the design process. The headquarters will incorporate Mediterranean influence for plantings, pavers and security features, as well as other structures on the campus. The building height is 10 percent lower than allowed by zoning. A bus stop has been added per resident request, and resident impact has been minimized as a result of the main entrance location on Williams Road.

The building design focuses on quality and collaborative workspaces, natural day lighting and leading edge office design consistent with industry best practices.

In May, Hertz announced its decision to relocate its headquarters to Estero following its November 2012 acquisition of the Dollar Thrifty Automotive Group, headquartered in Tulsa, Oklahoma. Consolidating the corporate offices to one location will allow for increased efficiencies and cost synergies across the company and Estero proved to be the right location to blend Hertz and Dollar Thrifty head office employees.

Hertz will bring approximately 700 jobs to the area, estimating that 400 headquarter jobs could be filled locally, with approximately 300 positions being filled by Hertz employees relocating to the area. The company selected a site at the intersection of U.S. 41 and Williams Road in Estero, Florida for the location of its new headquarters building. As of October 2013, Hertz established a temporary headquarter operations in Naples, Florida, while the Estero building is under construction.

About Hertz
Hertz Global Holdings, through its subsidiary The Hertz Corporation ("Hertz," the "Company" or "we"), operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,460 corporate, licensee and franchisee locations 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 8,960 corporate and licensee locations in approximately 150 countries. Our Dollar and Thrifty brands have approximately 1,500 corporate and franchisee locations in 85 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company‑operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at 120 major airports in Europe where we have company‑operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by overall reported revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 340 branches in the United States, Canada, France, Spain, China and Saudi Arabia, as well as through our international licensees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

SOURCE The Hertz Corporation

LONDON, Nov. 15, 2013 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), the world’s leading general use car rental brand, has announced that Hertz UK has extended its nationwide Van Supersite network to the Newcastle area. The 84,500 square foot facility based at Industrial Road, Washington, Tyne & Wear will serve businesses in the north east of England. The full range of vans on offer includes Luton box vehicles, tippers, crew cabs and customised vehicles.

(Photo: http://photos.prnewswire.com/prnh/20131115/NY17979)

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As with all Hertz Van Supersites, the Newcastle facility will support both bespoke and standard van rental requirements. Customers will have access to commercial vehicle expertise, service and maintenance support, and efficient repairs of both warranty and non-warranty vehicles. In addition, Hertz Van Supersites provide innovative fleet management services that enable fleet managers to streamline vehicle usage, cut down pool fleet numbers, and effectively reduce administration costs.

Michel Taride, Group President of Hertz International, said: "Van rental offers a compelling alternative to vehicle ownership. It reduces the financial commitment of purchasing, breakdown cover, insurance, and getting a fleet taxed and ready for the road. The trend for van fleet rentals instead of purchases is increasing, which has created a requirement for our van rental business to expand even further."

"Hertz works with thousands of large and small van operators, from self-employed van drivers to large operators with 500+ van fleets," added Neil Cunningham, General Manager, Hertz UK. "We are excited to be investing and expanding in the local area and also increasing the number of people we employee locally."

The opening of the Newcastle Van Supersite is part of Hertz’s long term plan to supersize its Van Supersite network in the UK, which now features 21 locations strategically placed throughout the country. The Supersites have the capacity to rent over 1,000 vehicles and have been specifically built to meet the demands of fleet managers who operate large commercial fleets. Located to enable quick and easy access to motorways, the network enables a rapid response to the needs of fleet managers across a large operating area.

Hertz Van Supersites can also provide body conversions, welfare vehicles or specialist vehicle wrapping. Customers can also benefit from a comprehensive list of services that covers everything from exterior wrap/livery, interior racking and shelving and tow bars, to beacons, cages, speed limiters, flood lights, hand wash units and reversing cameras/sensors.

Across the UK, Hertz operates a 5,000+ strong van fleet with vehicles of up to 3.5 tonnes. Vans available at the Newcastle location include:

• Small vans such as Fiat Fiorino, Ford Connect, VW Caddy and Vauxhall Combo
• Medium Vans such as Ford Transit 280 and VW Transporter
• Large Vans such as Ford Transit LWB, ELWB and Mercedes Sprinters
• Box Vans such as Ford Transit Luton and Curtain Siders
• Single and Crew Cab Tippers and Drop Sides
• Minibus (9 and 17 seater)
• Double/Single Cab 4×4

Hertz is a member of the BVRLA and Freight Transport Association and is the FTA Van Excellence Industry Partner for rental which promotes a voluntary code of practice for the safe and efficient operation of vans.

Notes to editors:

About Hertz
The Hertz Corporation (www.hertz.com) operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 10,400 corporate, licensee and franchisee locations 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 8,800 corporate and licensee locations in 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in 80 countries.

Hertz is in its 95th year of delivering quality car rental solutions to leisure and corporate customers. Product and service innovations such as Hertz #1 Club Gold, Worldwide Online Check-in, specially designed NeverLost® satellite navigation systems, and unique cars offered through the company’s Prestige, Family, Fun/Adrenaline and Green Collections, set Hertz apart from the competition.

Hertz Press Contact
Nicola Hanley
Ketchum
T: +44 (0) 207 611 3597
E: nicola.hanley@ketchum.com

Ian Savage
Ketchum
T: +44 (0) 207 611 3774
E: ian.savage@ketchum.com

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 14, 2013 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" together with its subsidiaries, the "Company" or "we") announced that Philippe P. Laffont has been elected by the Board of Directors of Hertz and The Hertz Corporation as director.

(Logo: http://photos.prnewswire.com/prnh/20130620/NY35609LOGO)

Mr. Laffont is the Founder and Chief Investment Officer of Coatue Management ("Coatue"), an investment management firm founded in 1999. Mr. Laffont serves on the Advisory Board of the Robin Hood X Prize and is a Trustee of the New York Presbyterian Hospital. He is a founder and member of the Executive Board of the Dreamland Theater in Nantucket. Prior to founding Coatue, Mr. Laffont worked at Tiger Management as a research analyst from 1996 to 1999. Mr. Laffont began his career as an analyst in management consulting for McKinsey & Co. in Madrid, Spain, where he worked from 1992 to 1994, and then worked as an independent consultant until starting at Tiger. Mr. Laffont graduated from the Massachusetts Institute of Technology in 1991 with a B.S. and M.S.C. in Computer Science.

"We are fortunate to add a new member to the Hertz Board who has a strong background in identifying and capitalizing on long term technology trends based on fundamental research," said Mark P. Frissora, the Chairman and Chief Executive Officer of Hertz. "Philippe Laffont founded and serves as Chief Investment Officer of Coatue Management which, for the past 14 years, has successfully specialized in technology, internet and media investments. Philippe’s experience and advice will be instrumental as Hertz introduces additional customer-focused, technology-based innovations to further transform the rental experience," Frissora added.

ABOUT HERTZ
Hertz is the largest worldwide airport general use car rental brand, operating from approximately 10,460 corporate and licensee locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest airport general use car rental brand, operating from approximately 8,960 corporate and licensee locations in approximately 150 countries. Our Dollar and Thrifty brands have approximately 1,500 corporate and franchise locations in 85 countries. Hertz is the number one airport car rental brand in the U.S. and at 120 major airports in Europe. Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine’s readers as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat’s 2012/13 U.S. Car Rental Survey, earning top honors in 14 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

SOURCE The Hertz Corporation