Hertz appoints new CEO Stephen Scherr shaping new era in mobility

Hertz has named Stephen M. Scherr as Chief Executive Officer and board member, effective Feb. 28, 2022. He will lead the iconic rental car company as it helps shape the next era in global mobility and travel.

Hertz CEO Stephen M. Scherr

A former CFO of Goldman Sachs, Scherr will lead Hertz and its global workforce of nearly 25,000 in its continued transformation to deliver products and services to customers that meet their evolving needs. Hertz will execute on its core priorities of shared mobility, electrification and a digital-first customer experience by combining its expertise in fleet management with new technology and a history of innovation.

“Hertz is an extraordinary brand and a resilient business that is perfectly positioned to reshape how people move about in a safe, convenient, affordable and more environmentally friendly way,” said Scherr. “I am thrilled to join Hertz and lead the team as we put our customers at the center of our business and partner with those who believe in our vision for the future of mobility. We are committed to giving our customers a world class experience deserving of Hertz’s storied 103-year history.”

Scherr spent nearly three decades at Goldman Sachs leading a range of strategic and operational functions, departing the firm as Chief Financial Officer at the end of last year. He was a principal architect and leader of the bank’s new consumer business, helping to build Marcus by Goldman Sachs and leading the launch of AppleCard. In addition to his experience starting up a digital consumer business, Scherr brings to Hertz deep experience in building business partnerships, which will be particularly valuable to Hertz as the company strengthens its relationships and alliances across a range of industries.

Stay in the know,
even on the go

Never want to miss a thing?

We'll get you the latest news, trends, insights and BCD news right in your inbox.