Sometimes growth is associated with pain. That seems to be the case for Hertz, which has been beleaguered by recent quarterly losses, and its relatively new CEO, Gil West, who took over April 1.
West inherited Hertz’s significant electric vehicle selloff. The company had been a leader in investing in EVs, and West’s predecessor, Stephen Scherr, often touted that corporate customers were strong candidates for EV usage, but demand turned out not to meet supply. In January, Scherr announced the company was in the process of offloading 20,000 EVs from its U.S. fleet. After West’s arrival, an additional 10,000 EVs were to be cut.
The former COO of Delta Air Lines, West didn’t waste any time in revamping the executive suite with many…
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