PARK RIDGE, N.J. -

Late Monday, Hertz Global Holdings announced that senior executive vice president and chief financial officer Elyse Douglas decided to step down from her current role for personal reasons.

The move is effective as of Oct. 1, but the company said Douglas will stay with Hertz through Dec. 31 to help to complete several strategic projects and assist in the transition of her responsibilities to her successor.

The company also indicated that David Rosenberg, currently the CFO of Hertz International, will serve as the company’s CFO on an interim basis while internal and external candidates are considered to fill the CFO position permanently.

Hertz announced back on May 7 that it would relocate its corporate headquarters from Park Ridge, N.J., to Estero, Fla.

The company’s chairman and chief executive officer, Mark Frissora, and its board of directors, requested that key executives, including the CFO, move with the company and establish residency in the state of Florida.

As of October, Hertz said the executive team will become the first group of Hertz employees to relocate to a temporary site in Naples, Fla., while the new headquarters is constructed in Estero. 

The company said Douglas informed Frissora and the Hertz board that for personal reasons she is unable to relocate from the metropolitan New York City area.

“Elyse Douglas has been a valued member of the Hertz senior management team since she assumed the CFO role in August 2007,” Frissora said.

“Elyse and her finance team helped lead us through the financial crisis in 2008–2009, transform our balance sheet in the aftermath of the recession,  and engineer key acquisitions including Donlen and Dollar Thrifty, and our recent investment in China Auto Rental,” Frissora continued.

“Speaking for the entire senior team and the board, Elyse’s contributions to our success have been outstanding, and she will be missed by all of us,” he went on to say. “We understand that her situation makes a move to Florida impossible and we support her decision to step down.”

Reflecting on her time with the company, Douglas said, “Being CFO of Hertz has been a fantastic professional experience and it’s disappointing that I’m not able to join the senior team in Florida.

“The company has tremendous growth opportunities, and has a great culture based on transparency and integrity.  I look forward to watching Hertz capitalize on its strengths and new initiatives,” she added.

In the interim, Hertz highlighted that Rosenberg has 20 years of diverse finance and accounting experience with multi-national corporations.

Before assuming his current role as CFO of Hertz International in 2011, he was controller of global reporting, policies and procedures for the company from 2009—2011.

Prior to that post, Rosenberg held senior financial positions at:

—Ralph Lauren Corp. (vice president and corporate assistant controller from 2006–2009)

—Coty (vice president and corporate assistant controller from 2001–2006)

—Nabisco (director of financial planning and analysis during 2000–2001)

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