Hertz Announces Donlen CEO Retirement
President & COO Tom Callahan Succeeds Gary Rappeport
PARK RIDGE, N.J., Oct. 29, 2012 /PRNewswire/ -- The Hertz Corporation today announced that Gary Rappeport, the CEO of Donlen, a leading fleet leasing and management company acquired by Hertz in 2011, will be retiring at the end of 2012. Rappeport will be succeeded by Donlen's current President and COO, Tom Callahan, on January 1, 2013. Tom will become Vice President, Hertz and President, Donlen and he will report directly to Hertz Chairman and CEO Mark P. Frissora.
Commenting on the Donlen leadership transition, Mr. Frissora said, "During the merger process last year, Gary indicated that he wanted to stay on board to ensure a smooth transition and to launch several new initiatives leveraging the respective strengths of Hertz and Donlen before retiring. Integration is 100% on track and already we have launched several new products and services made possible by our merger. Gary served Donlen, a highly successful company his father started in 1965, for 27 years, the last 15 as CEO, having developed a culture and management team that will take Donlen to new heights."
Mr. Frissora added, "Tom Callahan has been appointed Donlen's President after an extensive internal and external search conducted over the past several months. Tom has been with Donlen for seven years and has brought invaluable perspective and focus to Donlen. For example, he led efforts to implement new ways to measure and improve the company's approach to customer relationships, resulting in unprecedented year-over-year customer satisfaction and retention results. We look forward to the Donlen and Hertz teams implementing many of Tom's ideas to accelerate Donlen's growth."
About Donlen Corporation
A wholly owned subsidiary of The Hertz Corporation (NYSE: HTZ), Donlen (www.donlen.com), with headquarters in Northbrook, IL, is the fleet industry's most comprehensive and integrated provider of financing and asset management solutions. Since 1965, Donlen has offered its clients highly personalized and responsive customer service, and their workplace excellence has been recognized as one of Crain's Chicago Business "List of 20 Best Places to Work in Chicago" each year from 2009-2011, a Leader on "The Global Outsourcing 100®" list by the International Association of Outsourcing Professionals (IAOP) for six of the last seven years, and a National Association for Business Resources "101 Best and Brightest Places to Work For in Chicago" each year from 2007-2012. Donlen's innovation has been awarded with the Computerworld "2012 Honors Laureate for Economic Opportunity," the Stevie® "2012 Gold Award for Business Intelligence Solution," the Silver Award for "2012 Front Line Customer Service Team of the Year," and the "2011 Corporate Environmental Responsibility Program of the Year."
About The Hertz Corporation
Hertz, the largest worldwide airport general use car rental brand, operates from approximately 8,650 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe. Hertz is an inaugural member of Travel + Leisure's World's Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine's readers' as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat's 2012/13 U.S. Car Rental Survey, earning top honors in 14 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Choice, NeverLost®, and unique cars and SUVs offered through the Company's Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz On Demand car sharing business. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.
SOURCE The Hertz Corporation
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