Hertz CEO Resigns after EV Purchase Push Backfires Big Time

The CEO of Hertz Global Holdings Inc., one of the four largest car rental companies globally, will step down from his position as Chief Executive Officer and Board of Directors member effective on March 31. The company announced the news, which comes after just two years of Mr. Scherr’s leadership, on Friday, March 15. The news comes after Hertz reversed course on betting on electric vehicles.

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