Hertz Global Holdings Inc. HTZ said Monday that Chief Financial Officer Kenny Cheung was leaving the company, after about 2 1/2-years in the role. The car rental company appointed Chief Accounting Officer Alexandra Brooks as interim CFO, effective April 1, and has initiated a formal search for a permanent CFO. Cheung, who was appointed CFO in September 2020, is leaving to pursue “another professional opportunity in a different industry.” Hertz’s stock, which rose 1.4% in premarket trading, has gained 3.0% over the past three months through Friday, while the S&P 500 SPX has tacked on 3.7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.