Hertz Global Holdings, Inc. Stockholders Approve Company Proposals at Annual Meeting

David Barnes Joins Board of Directors, Will Chair Technology Committee

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May 18, 2016, 04:00 ET

ESTERO, Fla., May 18, 2016 /PRNewswire/ -- David Barnes, who recently announced his retirement from United Parcel Service, Inc. (UPS), where he served as senior vice president, chief information and global business services officer, was elected as a new member of the Hertz Global Holdings, Inc. (NYSE: HTZ) Board of Directors during the company's annual meeting of stockholders, which was held today in Estero, Florida. In addition to Mr. Barnes, stockholders re-elected Ms. Linda Fayne Levinson, chair of the Board of Directors since September 2014. Ms. Carolyn Everson and Messrs. Carl Berquist, Henry Keizer, Samuel Merksamer, David Ninivaggi and Chief Executive Officer John Tague were also re-elected as directors.

Barnes, 60, is continuing with UPS until June 30, 2016, in a transitional capacity. In his role as senior vice president and chief information and global business services officer, he was responsible for all aspects of UPS technology used around the world. He also chaired the UPS Information Technology Governance Committee, which is responsible for overseeing the direction of UPS technology investments. Technology developed under Barnes' leadership at UPS includes a wide range of innovative solutions such as the Delivery Information Acquisition Device (DIAD) carried by UPS drivers, advanced package flow technologies, UPS My Choice® mobile solutions, and telematics programs that provide real time updates on UPS vehicles. Barnes joined UPS in 1977 and progressed through roles in operations, finance and information systems during this career there.

Barnes will chair a new Technology Committee that was formed by the Hertz Global Holdings' Board to assist with oversight and fostering of the company's strategy and investments in innovation and technology, both of which are expected to be key value creators for Hertz Global.

In addition to the election of directors, stockholders also approved three other company proposals at today's meeting, including the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2016.

About Hertz Global

Hertz Global Holdings operates the Hertz, Dollar, Thrifty and Firefly car rental brands in approximately 9,980 corporate and licensee locations throughout approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings is the largest worldwide airport general use car rental company with approximately 1,635 airport locations in the U.S. and more than 1,320 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections set Hertz Global Holdings apart from the competition. Additionally, Hertz Global Holdings owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business in international markets and sells vehicles through its Rent2Buy program. The Company also owns Hertz Equipment Rental Corporation ("HERC"), one of the largest equipment rental businesses with approximately 280 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz Global Holdings, visit: www.hertz.com.

SOURCE Hertz Global Holdings, Inc.