Hertz CFO steps down, finance VP Cheung takes on role

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Hertz Global Holdings Inc. said late Monday that Kenny K. Cheung, recently promoted to executive vice president of finance, took on the role of chief financial officer last week. Cheung succeeded R. Eric Esper, promoted to CFO in August. Esper resigned to pursue a new opportunity, the company said in a statement, and he will remain with Hertz as chief accounting officer until Nov. 1 to assist in the transition. Esper had succeeded Jamere Jackson, who took the reins in August 2018. The car-rental company filed for bankruptcy in May, hit by coronavirus-related travel and business restrictions and under the weight of previous debt. Hertz in June floated a plan to sell potentially worthless stock, but later backed off after the proposal drew scrutiny from securities regulators.
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