Hertz Global has announced its chief financial officer, Elyse Douglas, has decided to step down from her current role for personal reasons.
Douglas will stay with the company through December 31st, 2013, helping complete several strategic projects and assisting in the transition of her responsibilities to her successor, but will leave her role at the start of October.
David Rosenberg, currently the chief financial officer of Hertz International will serve as chief financial officer on an interim basis while internal and external candidates are considered to fill the position.
Rosenberg has 20 years of diverse finance and accounting experience with multi-national corporations.
Before assuming his current role as chief financial officer of Hertz International in 2011, he was controller, global reporting, policies and procedures for the company from 2009 – 2011.
Prior to that, he held senior financial positions at Ralph Lauren Corporation.
Hertz announced on May 7th, 2013 that it would relocate its corporate headquarters from Park Ridge, New Jersey to Estero, Florida.
The company’s chairman and chief executive, Mark Frissora, and its board of directors, requested that key executives, including the chief financial officer, move with the company and establish residency Florida.
As of October 2013, the executive team will become the first group of Hertz employees to relocate to a temporary site in Naples, Florida, while the new headquarters is constructed in Estero.
Douglas has informed Frissora and the Hertz Board that, for personal reasons, she is unable to relocate from the metropolitan New York City area.