Hertz Global Holdings Inc on Monday appointed Paul Stone as its chief executive officer days after the U.S. car rental company raised going-concern doubts following a bigger quarterly loss.
FILE PHOTO: A Hertz rental car location is pictured in Pasadena, California U.S., February 28, 2017. REUTERS/Mario Anzuoni
Hertz, backed by billionaire investor Carl Icahn, has suffered a “sudden and dramatic negative impact” on its business due to the coronavirus crisis, which has crushed demand for rental cars as people cancel travel and stay at home.
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