On Friday, rental car company Hertz announced the appointment of Gil West as its new chief executive officer, effective April 1.
West, previously the chief operating officer of Delta Airlines and GM’s Cruise unit, will take over from Stephen Scherr, who has chosen to step down as CEO and board member.
This leadership transition occurs amidst challenges faced by Hertz, including increased repair expenses and subdued demand for its electric vehicle rental offerings.
Earlier this year, Hertz revealed plans to sell approximately 20,000 electric vehicles, including Teslas, from its U.S. fleet, opting instead for gas-powered vehicles.
Following the announcement, shares declined by 2% to $7.43 in extended trading.
