Hertz Names Three New Board Members With Icahn Ties

The three directors who stepped down from the board of Hertz Global Holdings Inc. to make room for three backed by activist investor Carl Icahn included two veteran members and one relative newcomer.

News-press.com

The three directors who stepped down from the board of Hertz Global Holdings Inc. to make room for three backed by activist investor Carl Icahn included two veteran members and one relative newcomer.

Henry C. Wolf, 71, and Barry H. Beracha, 72, had each served since November 2006, when Hertz became a publicly traded company.

Philippe P. Laffont, 46, had served on the board since 2013.

Wolf served as chief financial officer for Norfolk Southern Corp., a railway and transportation company, from 1993 until his retirement in July 2007. He has also served as a director of AGL Resources Inc., a publicly traded company in the natural gas industry and of MModal Inc., a medical technology company.

Beracha had served as executive vice president of Sara Lee Corp. and CEO of the Sara Lee Bakery Group prior to his retirement in June 2003. Beracha served on the board of Ralcorp Holdings Inc., a NYSE-listed food manufacturer and distributor and served on the board of Pepsi Bottling Group from 1999 to 2010, where he served as the non-executive chairman from March 2007 to October 2008.

Laffont is the founder and chief investment officer of Coatue Management, an investment management firm founded in 1999. He serves on the advisory board of the Robin Hood X Prize and is a trustee of the New York Presbyterian Hospital.

The three new directors are Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi.

For more about Icahn's choices for Hertz board members...

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