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Hertz shuffles exec suite


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  • | 10:00 a.m. January 15, 2015
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It hasn't taken long for newly appointed Hertz President and CEO John Tague to shake things up at the car-rental giant.

The company has struggled with accounting and operational issues since it moved its headquarters from New Jersey to Southwest Florida in 2013. Mark Frissora, who engineered the move, resigned in September.

Tague is the former president and chief operating officer of United Airlines and he's reached back to the airline to recruit new talent to the executive suite since he was named the chief executive at Hertz Nov. 21. Among those he recruited was Jeffrey Foland, who was the chief marketing and strategy officer at United Airlines.

Tague also recruited a new information technology executive, naming Tyler Best as executive vice president and chief information officer. Best previously held senior positions at Vanguard Car Rental (Alamo and National brands) and Budget Rent-a-Car.

Tague is likely to make more changes in the upper ranks Hertz as he seeks to restore the company's confidence with investors.

 

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