Loading
NAPLES — Jeffrey Zimmerman, Hertz' executive vice president, general counsel and secretary, resigned on Friday, according to a company filing with the Securities and Exchange Commission.
Hertz gave no reason for Zimmerman's resignation in the filing, other than to say he plans to “pursue other interests.” The company will pay Zimmerman $1.6 million in cash and retain him as a consultant until June 30. The filing did not indicate who would be Zimmerman's replacement.
Zimmerman's resignation is the latest in a string of departures that started when Hertz Chairman and CEO Mark Frissora left the company in September following accounting and operational missteps.
In late November, Hertz named John Tague as president and CEO of the struggling car-rental giant, which moved its headquarters to Southwest Florida last year from New Jersey. Tague is the former president and chief operating officer of United Airlines.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
