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Hertz boosts board size to 11 with two new members
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Hertz boosts board size to 11 with two new members
Aug 29, 2024 2:45 AM

Aug 27 (Reuters) - Car rental company Hertz said

on Tuesday it had elected Francis Blake and Lucy Clark Dougherty

to serve as directors on its board, increasing the size to 11

members from nine.

The appointments come at a time when Hertz has been

slimming down its business due to weak demand and clearing up

its EVs after higher-than-anticipated charges related to repairs

and overall fleet maintenance expenses.

Blake, formerly Home Depot ( HD ) CEO, was also

non-executive chairman at Delta Air Lines ( DAL ). Dougherty

previously worked at General Motors ( GM ).

The Estero, Florida-based company

named

former Delta and GM executive Gil West its top boss earlier

this year.

Shares of Hertz have fallen by about 67% this year.

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