26.01.2011

Hertz Equipment president retires

Hertz Equipment Rental has announced the sudden departure of its president Gerry Plescia.

Chief executive Mark Frissora will take over until a successor is named following an internal and external search which is expected to take around 90 days.Plescia, 55, has retired after 32 years with the company.
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Gerald Plescia

Frissora said: "During his 32-year Hertz career, Gerry has made many significant contributions to our car and equipment rental businesses, serving as president of HERC for the past 14 years. Gerry helped lead HERC through two deep recessions during the past decade and he leaves the business with an improved internal organization which is realizing significant revenue growth opportunities.”

“As a result, HERC has made a solid contribution to our fourth quarter 2010 results and we expect HERC to generate double-digit revenue growth and achieve a Corporate EBITDA margin of 42 percent for the full year 2011."