Hertz Global Appoints John Tague As CEO

(RTTNews) - Hertz Global Holdings, Inc. (HTZ) said that its has appointed John Tague as President and Chief Executive Officer and to the company's Board of Directors, effective November 21.

Tague's appointment follows an extensive search conducted by the Hertz Board of Directors. The search process was overseen by the Board's CEO Search Committee, which is comprised of five independent directors including two recently appointed as part of an agreement with Carl C. Icahn, with the assistance of a leading executive search firm.

Hertz's former CEO Mark Frissora stepped down in early September for personal reasons. The company had appointed Brian MacDonald as interim CEO, who was then serving as president and chief executive officer of Hertz Equipment Rental Corp.

Tague, a travel and transportation industry veteran, is a former President and Chief Operating Officer of United Airlines. Most recently, he served as Chairman and Chief Executive Officer of Cardinal Logistics Holdings, a transportation and logistics provider and private-equity backed company.