Hertz announced that it has named Stephen Scherr as CEO, to take effect Feb. 28. He had spent nearly 30 years at Goldman Sachs, departing as CFO at the end of 2021. According to an announcement, Scherr “will lead Hertz and its global workforce of nearly 25,000 in its continued transformation to deliver products and services to customers that meet their evolving needs.” The company, said an announcement, will execute on its core priorities of shared mobility, electrification and a digital-first customer experience by combining its expertise in fleet management with new technology and a history of innovation. Scherr said that Hertz is “an extraordinary brand and a resilient business that is perfectly positioned to reshape how people move about in a safe, convenient, affordable and more environmentally-friendly way." He said he is “thrilled to join Hertz and lead the team as we put our customers at the center of our business and partner with those who believe in our vision for the future of mobility. We are committed to giving our customers a world class experience deserving of Hertz's storied 103-year history." Last year, Hertz last year emerged from Chapter 11 bankruptcy after restructuring and receiving new funding from Knighthead Capital Management, Certares Opportunities and Apollo Capital Management.