NEW YORK (TheStreet) -- Shares of Hertz Global Holdings (HTZ) - Get Report are up 5.45% to $23.99 after the car and equipment rental company hired John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the company plagued by an aging fleet and sloppy accounting, Bloomberg reports.

Tague, 52, who was formerly president and chief operating officer of United Airlines, will also become Hertz's president when he takes over today, the Naples, FL-based company said in a statement.

A 25-year veteran of the airline industry, Tague boosted United's revenue at a crucial juncture: just before it merged with Continental, Bloomberg noted.


STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Described by a former employee as a "customer-focused" executive, he was most recently CEO of transportation provider Cardinal Logistics Holdings, Bloomberg said.

HTZ data by YCharts

Image placeholder title

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Tags
terms:
Markets