Hertz Appoints Tyler Best Executive Vice President & Chief Information Officer

NAPLES, Fla., Jan. 7, 2015 /PRNewswire/ -- Hertz Global Holdings, Inc. HTZ ("Hertz" or "the Company") today announced that Tyler Best has been appointed Executive Vice President and Chief Information Officer (CIO), effective January 26, 2015.  In his role at Hertz, Mr. Best will oversee the Company's global Information Technology (IT) functions.  Mr. Best previously held senior IT roles at Vanguard Car Rental (Alamo and National brands) and at Budget Rent-a-Car.  He has also served in senior executive IT roles at YP (formerly Yellow Pages) and Ally Financial, Inc. (formerly General Motors Acceptance Corporation or GMAC).  Mr. Best worked for Vanguard, GMAC and YP while each company was owned by Cerberus, a leading private equity firm.  Mr. Best succeeds David Trimm who is leaving Hertz to pursue other professional opportunities.

John Tague, Hertz President and Chief Executive Officer, said, "Tyler Best has a proven track record as a car rental IT leader, having spearheaded Vanguard's and Avis/Budget's integration efforts, and he has consistently delivered bottom-line improvement throughout his career.  Under Tyler's leadership, Hertz will elevate IT to the forefront of its shareholder value creation strategies to generate superior customer experiences, incremental revenues and highly efficient processes."

Mr. Best said, "I am excited to return to the car rental industry and take on the opportunity to leverage technology as a competitive advantage for Hertz.  IT improvements will help employees deliver better service to our customers who, in turn, will have greater control of the rental process.  Additionally, IT at Hertz will become a more powerful enabler of revenue growth and further efficiencies across the organization."

About Tyler Best
Tyler Best has been serving as CIO at YP (formerly Yellow Pages), a local marketing solutions provider in the U.S., a role he assumed in November 2012.  Previously, Tyler served from 2008-2012 as Chief Technology Officer at Ally Financial, Inc., (formerly General Motors Acceptance Corporation or GMAC) an automotive financial services company.  Prior to joining Ally Financial, Tyler was Senior Vice President and Chief Information Officer at Vanguard Car Rental (Alamo and National Brands).  During his four years at Vanguard, Tyler led IT initiatives to integrate Alamo's and National's systems, including combining their counter systems.  Vanguard, GMAC and YP were all owned by the private equity firm Cerberus during his years of employment.  Prior to that, he led the IT integration of Avis and Budget, which merged in 2001, after holding positions of increasing seniority at several corporations and public institutions.  Tyler holds an undergraduate degree in Computer Science from Michigan State University.

ABOUT HERTZ
Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 11,000 corporate and licensee locations throughout 140 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 company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections 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 Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 355 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this release, and in related comments by the Company's management, include "forward-looking statements." Forward-looking statements include information concerning the Company's liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as "believe," "expect," "project," "potential," "preliminary," "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 it believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company's actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on SEC Forms 10-K, 10-Q and 8-K. Some important factors that could affect the Company's actual results include, among others, the thorough review of the Company's internal financial records that is being conducted, additional time that may be required to complete the review, the ability of the Company to remediate any material weakness in its internal control over financial reporting, the ability of the Company's lenders to exercise any remedies under the Company's indebtedness, the final results of the SEC's inquiry or any other governmental inquiries or investigations and those that may be disclosed from time to time in subsequent reports filed with the SEC and those described under "Risk Factors" set forth in Item 1A of the annual report on Form 10-K/A for the year ended December 31, 2013 of the Company.  You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its 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.

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SOURCE The Hertz Corporation