Icahn backs new Hertz CEO

NAPLES — Carl Icahn, the activist investor who is the largest shareholder of Hertz, says he's encouraged by the fact that the car-rental giant's new pick for CEO was a key player in the turnaround of United Airlines.

On Thursday, Hertz named John Tague as president and CEO of the struggling car-rental company that moved its global headquarters to Southwest Florida last year. Tague is the former president and chief operating officer of United Airlines.

In September, former CEO Mark Frissora resigned after accounting and operational problems surfaced. Frissora engineered the company's relocation from New Jersey to Southwest Florida last year, where it is building an $85 million corporate campus in Estero.