Southwest Florida Roundup
Estero-based Hertz filed for Chapter 11 bankruptcy
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.
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