Kathryn Vanstrom Marinello
President, CEO & Director
Thomas C. Kennedy
Senior EVP & CFO
President of Donlen Corporation
Hertz was founded in the year 1918. The company has been operational for almost 101 years now. The founder of the company was Walter L Jacobs. The former name of the company was Rent A Car Incorporated. The company started off with a dozen Model T Ford cars, and within the next five years, the company had expanded to almost 600 cars. During that time, the company was already generating nearly $1 million revenues as well. In the year 1923, the company was taken over Yellow Truck and Coach Manufacturing Company, and it was renamed to Hertz Drive-Ur-Self System. The company was again sold to General Motors Corporation in the year 1926, who had also purchased its parent company, known as General Motors Corporation, in the year 1943. The company had released its first car under the ownership of General Motors. The company had opened its first rental car location at Chicago's Midway Airport in the year 1932. The following year, the company had also introduced the first one-way rental plan. The company had expanded to Canada in the year 1938, along with Europe in 1950 and even South America in the year 1961.
The company was repurchased from General Motors by John Hertz in the year 1953. The company was renamed to The Hertz Corporation, and the company was also made a limited public entity as well. The company had also relocated its headquarters from Manhattan to New Jersey, USA, in the year 1988. The company also started truck leasing services as well, in the year 1954, with the help of almost 4,000 trucks. The company had also taken over Metropolitan Distributors, which had increased the company's number of trucks to over 15,500 trucks and more than 12,900 cars. In the year 1985, the rental car service was sold over UAL Corporation, for about $587.5 million. In the year 2000, the company started to introduce SiriusXM Satellite Radio in all of its rental cars and trucks as well. The company was the first rental company to launch its services in China. Then in the year 2007, the company started to provide vehicles that create less pollution with the Toyota Prius Hybrid. Two years later, the company had taken over a car sharing technology company known as Eileo SA. As of the year 2012, the total revenue generated by the company is more than $7.1 billion. The following year, the company had partnered up with China Auto Rental Company as well. The same year, the company also introduced rental for performance oriented cars too. As of the year 2016, the company had reached a market capitalisation of almost $3.7 billion. The headquarters of the company is based in 8501 Williams Road. The name of the place is Estero, while the name of the state is Florida, USA. The pin code of the area is 33928.
Hertz is an American company that focuses on providing various kinds of vehicles, including standard cars, performance cars, trucks, hybrid cars, etcetera, on rent to its customers and clients. The current CEO and president of the company are Kathryn V Marinello. As of the year 218, the total revenue generated by the company is more than $9.5 billion. Also, the number of employees working at the company, as of the year 2018 is more than 38,000. The company has over 10,200 franchisee as well as owned rental car store locations, across the globe. The company also provides its services to around 150 different countries too, including Australia, Asia, Africa, New Zealand, the Middle East, etcetera.
The primary services provided by the company include allowing customers to have a retail presence in order to rent or even lease a car or a vehicle, which includes a truck as well. The company is the second largest rental car retailer in the USA too.
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