Hertz Global Holdings (NASDAQ: HTZ) announced that its board of directors appointed Joseph R. Hinrichs as a Class I director, effective October 9, 2026.

Hinrichs will serve on the board's Audit and Risk Committee. As a non-employee board member, he will receive annual compensation consisting of restricted stock units valued at $175,000 and a cash retainer of $100,000, subject to his continued service.

Hinrichs has entered into an indemnification agreement with the company. The board stated there is no arrangement or understanding between Hinrichs and any other person related to his election as a director.