---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-011716"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2022-02-04T23:59:59+00:00"
generated_at: "2026-06-27T11:06:07.075702+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hertz appoints Stephen M. Scherr (ex-Goldman Sachs CFO) as CEO, effective Feb 28, 2022

## Summary
- Stephen M. Scherr named CEO effective Feb 28, 2022; previously Goldman Sachs CFO (2018-2021).
- Base salary $1.5M, target bonus 160%; equity: 2.8M time-based RSUs, 6.5M+3.1M performance RSUs tied to stock price.
- Mark Fields steps down as interim CEO but remains on Board; will advise for up to two weeks post-start.
- Strategic priorities: shared mobility, electrification, digital-first customer experience.
- Scherr also appointed to the Board effective upon starting.

## SEC filing metadata
- accession: 0001104659-22-011716
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2022-02-04T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000110465922011716/0001104659-22-011716-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000110465922011716/tm225521d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-011716
- JSON: https://secwatch.observer/filing/0001104659-22-011716.json
- Plain text: https://secwatch.observer/filing/0001104659-22-011716.txt

## Key facts
- Executive change
  Mark Fields changed role as Interim Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
  - Action: stepped down
  - Role: Interim Chief Executive Officer
  source text: Mark Fields will step down from his role as Interim Chief Executive Officer, effective as of Mr. Scherr's start date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465922011716/0001104659-22-011716-index.htm
- Executive change
  Stephen M. Scherr was appointed as Director at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed
  - Role: Director
  source text: Mr. Scherr will also be appointed to the Board effective upon his commencing employment with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465922011716/0001104659-22-011716-index.htm
- Executive change
  Stephen M. Scherr was appointed as Chief Executive Officer at HERTZ GLOBAL HOLDINGS, INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: appointed Stephen M. Scherr as Chief Executive Officer of the Company, effective as of February 28, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000110465922011716/0001104659-22-011716-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.