Company, fighting off bankruptcy, names new president, CEO

In what company officials call part of an "ongoing succession planning process," Hertz Global Holdings, the struggling rental car giant, has named a new president and CEO. 

The Estero-based company, according to a statement, named Paul Stone, an executive vice president and head of North American retail operations, president and CEO. Stone, who began his career as a Sam's Club/Walmart manager, replaces Kathryn Marinello, who had been the top executive at Hertz since January 2017. Marinello, 63, will stay on with Hertz for a year in a consulting role, officials say in the statement.