Source. (the-pipeline.org)
The catastrophic tenure of Stephen Scherr as CEO of Hertz has come to an end, with the announcement that he is stepping down after just two years in the position. A confluence of business, environmental, cultural, and management pathologies came together under his leadership, leaving a bloodbath of red ink, a crashing stock price, and a growing number of dissatisfied customers.
At the center of the Hertz debacle was its poorly thought-out commitment to electric vehicles. With Scherr at the helm, Hertz acquired 60,000 EVs, with a goal of putting over 300,000 into service. A CEO who understood his product and his customers would have understood what a calamitous mistake Hertz was making. Mr. Scherr, however, was not such a CEO. Customers didn’t want to rent the EVs, counter agents struggled to lease them, and make-ready crews struggled to keep them charged and road-ready.
[Source.](https://the-pipeline.org/hertz-no-longer-no-1-for-a-good-reason/)
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The catastrophic tenure of Stephen Scherr as CEO of Hertz has come to an end, with the announcement that he is stepping down after just two years in the position. A confluence of business, environmental, cultural, and management pathologies came together under his leadership, leaving a bloodbath of red ink, a crashing stock price, and a growing number of dissatisfied customers.
>
At the center of the Hertz debacle was its poorly thought-out commitment to electric vehicles. With Scherr at the helm, Hertz acquired 60,000 EVs, with a goal of putting over 300,000 into service. A CEO who understood his product and his customers would have understood what a calamitous mistake Hertz was making. Mr. Scherr, however, was not such a CEO. Customers didn’t want to rent the EVs, counter agents struggled to lease them, and make-ready crews struggled to keep them charged and road-ready.
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