Hertz interim CFO lands permanent gig

Dive Brief:

Hertz Global Holdings said Wednesday that it promoted Alexandra Brooks from interim to permanent CFO of the vehicle rental company, effective immediately.
Brooks was tapped in March to become interim CFO, while also remaining in the role of chief accounting officer. She replaced Kenny Cheung, who left the company and is now serving as finance chief of food distributor Sysco, according to his LinkedIn profile.
"In her role as Chief Accounting Officer and, more recently, Interim Chief Financial Officer, Alex has demonstrated the financial acumen, leadership skills and deep grounding in the Hertz business necessary to help lead an era of transformation at Hertz," Hertz CEO Stephen Scherr said in a press release.

Dive Insight:

The Estero, Florida-based company’s total revenues for the second quarter reached $2.4 billion, an increase of about 20% compared with the previous quarter and 4.1% compared with a year earlier, according to results released Thursday.

“We believe the strong results in the second quarter, and the early momentum in July, position us for a strong second half of the year,” Brooks said during a Thursday earnings call, according to a transcript.

Brooks joined Hertz in 2020 as a chief accounting officer. Prior to that, she was a senior finance executive at Aptiv, a global technology company, from 2015 to 2020. She also previously served in financial roles at General Electric and General Motors.

Kelly Galloway, who has served in finance and accounting roles with Hertz for almost nine years, has been promoted from controller to chief accounting officer, according to the company’s Wednesday press release.

Hertz is one of several companies to look in-house as means of handling CFO churn in recent months.

Last week, online pet food supplier Chewy named chief accounting officer Stacy Bowman as its interim CFO, replacing outgoing finance chief Mario Marte. In another example, zero emission vehicle maker Nikola announced in March that it promoted Anastasiya “Stasy” Pasterick from the role of controller to CFO.