Shareholder slams Hertz relocation

NAPLES — Investment firm Jana Partners urged Hertz to hire former Dollar Thrifty CEO Scott Thompson to lead the car-rental giant, saying the company's relocation from New Jersey to Southwest Florida has been disruptive.

Jana Partners is now Hertz' second-largest shareholder with control of 7% of the company's shares. The firm is second to activist investor Carl Icahn.

Mark Frissora, who engineered Hertz' corporate headquarters relocation from New Jersey to Naples while a new $85 million corporate headquarters is being built in nearby Estero, resigned as chairman and CEO of Hertz in September after a string of accounting and operational problems. The board appointed Brian McDonald as interim CEO while it searches for a replacement.