Estero-based Hertz filed for Chapter 11 bankruptcy

Art Levy | 6/25/2020

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Estero-based Hertz, which moved its headquarters to Florida six years ago on the promise of more than $12 million in state incentives, filed for Chapter 11 bankruptcy in late May — shortly after CEO Kathryn Marinello resigned — amid financial losses the rental car firm attributed to the coronavirus pandemic.

Paul Stone, previously the company’s executive vice president and chief retail operations officer for North America, replaced Marinello.

This story also features expert opinions, business briefs and people in the news: Moffitt Cancer Center; Marie Selby Botanical Gardens; Tampa Bay Water; Dominium

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