Hertz Global (HTZ) Stock Higher Today After Hiring New CEO

NEW YORK (TheStreet) -- Shares of Hertz Global Holdings (HTZ) 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.


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

HTZ Chart HTZ data by YCharts

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