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Business Observer Friday, Sep. 12, 2014 5 years ago

Hertz is here to stay

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Mark Frissora may be out of a job, but it appears that Hertz is here to stay.

Mark Frissora may be out of a job, but it appears that Hertz is here to stay.

Until he resigned Sept. 8, Frissora was chairman and CEO of car-rental giant Hertz Global Holdings. Frissora was the architect of the company's headquarters relocation from New Jersey to Southwest Florida last year.

The move was heralded with great fanfare in spring 2013 and Hertz relocated top executives to temporary office space late last year in Naples, where Frissora has a home.

That move is likely to be permanent despite Frissora's resignation. The company has suffered through accounting and operational difficulties lately, leading to the recent management shake-up.

The company is building an $85 million corporate campus in Estero, an area between Fort Myers and Naples. Construction crews overseen by New York City-based Turner Construction are busy building the 248,000-square-foot building on the 32-acre site fronting U.S. 41.

In a statement, Hertz says it has been recruiting employees since it announced the relocation last year. “In September, we had a local career fair that was attended by hundreds of people interested in Hertz's employment opportunities,” the company says. “From that fair we identified a number of candidates who had the qualifications we're looking for as we develop our talent base in the area.”

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