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    Home > Finance > Hertz CEO says he is humbled by Bill Ackman's endorsement
    Finance

    Hertz CEO says he is humbled by Bill Ackman's endorsement

    Published by Global Banking & Finance Review®

    Posted on April 19, 2025

    2 min read

    Last updated: January 24, 2026

    Hertz CEO says he is humbled by Bill Ackman's endorsement - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Hertz CEO Gil West is humbled by Bill Ackman's endorsement as Pershing Square acquires a 19.8% stake, boosting Hertz's stock and future profitability.

    Hertz CEO Humbled by Endorsement from Bill Ackman

    (Reuters) - The CEO of Hertz said he feels humbled following comments by billionaire investor Bill Ackman, whose investment management company Pershing Square recently accumulated a 19.8% stake in the car rental firm.

    "I am humbled, and we should all feel encouraged by Bill Ackman’s comments and energized by the strong support shown by him," Hertz CEO Gil West said in a letter to employees, seen by Reuters.

    Ackman previously said in a post on X that he believes West and his management's efforts to increase unit revenue and reduce operating cost will significantly improve profit margin over the next several years. He added that the company's capital structure will enable shareholders to generate a highly attractive return on investment.

    "While the tariff announcements have created a near-term cloud over the travel industry – we have low expectations for Hertz’s Q1 and first half results – we believe that over the intermediate term, the company will generate sustainably higher profitability," Ackman added.

    Pershing's stake in Hertz makes it the second-largest shareholder in the company. Hertz shares soared 44.3% on Thursday. The stock has risen more than 125% since the start of 2025.

    (Reporting by Abhinav Parmar in Bengaluru; Editing by Matthew Lewis)

    Key Takeaways

    • •Hertz CEO Gil West feels humbled by Bill Ackman's endorsement.
    • •Pershing Square has taken a 19.8% stake in Hertz.
    • •Ackman supports Hertz's strategy to improve profit margins.
    • •Hertz shares rose 44.3% following the endorsement.
    • •Hertz's stock has increased over 125% since early 2025.

    Frequently Asked Questions about Hertz CEO says he is humbled by Bill Ackman's endorsement

    1What is the main topic?

    The article discusses Hertz CEO Gil West's reaction to Bill Ackman's endorsement and Pershing Square's investment in Hertz.

    2How much stake does Pershing Square hold in Hertz?

    Pershing Square holds a 19.8% stake in Hertz, making it the second-largest shareholder.

    3What impact did Ackman's endorsement have on Hertz?

    Ackman's endorsement led to a 44.3% rise in Hertz's stock and increased confidence in the company's future profitability.

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