New Hertz CEO on His First 30 Days on the Job
Photo Credit: Hertz will buy up to 65,000 electric cars from Sweden's Polestar. Hertz
Skift Take
Stephen Scherr, the former Goldman Sachs chief financial officer, has already put a stake in the ground with a new order for 65,000 electric cars from Sweden's Polestar. But can he help fix Hertz so soon after its exit from bankruptcy?
Stephen Scherr, the new CEO of car-rental firm Hertz, has downplayed the challenge of taking over the helm of a company that only recently exited bankruptcy.
Hertz filed for Chapter 11 bankruptcy protection in May 2020, and came out of that process in June last year after a drawn-out bidding war. It emerged with a $6 billion reorganization plan funded by travel investor Certares as well as Knighthead and Apollo.
Speaking to Skift on Monday, as the company revealed a new order for up to 65,000 electric cars from Sweden's Polestar, Scherr said it was the brand’s legacy that attracted him to the role. The former Goldman Sachs chief financial officer has been touring offices across the U.S. and said employees were excited and motivated by Monday's news, as well a
