leadership
confidence high
sentiment neutral
materiality 0.70
Hertz appoints Mark Kosman as Chief Accounting Officer; General Counsel Katherine Lee Martin resigns
HERTZ GLOBAL HOLDINGS, INC
- On July 31, 2025, Hertz entered into an offer letter with Mark Kosman, former Ford executive, to serve as SVP and Chief Accounting Officer, starting by September 1, 2025.
- Kosman will receive a $450,000 base salary, 50% short-term incentive target, 80% long-term equity target, a one-time $300,000 cash award, and $800,000 sign-on RSUs.
- Katherine Lee Martin, EVP, General Counsel and Secretary, resigned effective August 15, 2025, to pursue another opportunity; an interim GC will be appointed.
- Kosman also receives $50,000 relocation assistance and a company vehicle, with repayment required if he leaves within two years.
item 5.02