Former Golden Sachs executive named new Hertz CEO

ESTERO — The Hertz Corp. has named former Goldman Sachs executive Stephen Scherr as its new CEO, the fourth person to hold that title in the past three years and the eighth in the past seven years.

Scherr takes over for Mark Fields, who took over as interim CEO shortly after the company exited bankruptcy last year.

“Stephen is the leader Hertz needs to grow our business and to have a formidable position in the future of mobility and fleet management,” says Greg O'Hara, the chair of Hertz’s board and founder and senior managing director at Certares, in a statement announcing the hiring. “He is a proven strategist, innovator and leader with a track record of earning customer loyalty.”