Hertz Global CEO Gil West expressed confidence and enthusiasm about prominent investor Bill Ackman taking a significant position in the rental car company. Ackman’s Pershing Square Capital Management has built a 19.8% stake in Hertz, becoming its second-largest shareholder.
West described Ackman’s investment as a “significant” endorsement of Hertz’s progress and strategy. The CEO acknowledged that the journey ahead won’t be easy but remains bullish on the company’s core business and unique position in the market.
Hertz has been working to recover from financial struggles, including a $2.9 billion loss in 2024. The company shifted focus towards its ongoing business turnaround plan after a failed all-electric vehicle strategy. Ackman’s investment may provide additional support for Hertz’s efforts.
West encouraged employees to stay focused and committed to the company’s goals, which include achieving specific metrics such as DPU, RPU, and DOE. The CEO expressed gratitude to those supporting customers during the busy holiday season.
Source: https://www.cnbc.com/2025/04/18/hertz-ceo-encouraged-by-ackmans-significant-stake-in-the-company.html