HERC Names Former KPMG Partner to Join Board Following Separation from Hertz Global

James Browning, retired partner at international professional services firm KPMG, has been named to the board of directors and will serve as audit committee chairman for the equipment rental business of Hertz, following the planned separation of that business as a stand-alone, publicly traded company later this year.

Browning retired from KMPG in 2009 and has been a partner since 1980. He served as Southwest area professional practice partner in the company’s Houston office, and also served as an SEC reviewing partner as well as partner in charge of KPMG’s New Orleans audit practice. Browning is currently board chairman of RigNet, a global provider of remote communications, and is on the board of Texas Capital Bancshares, a financial services company.

“We’re delighted that Jim has agreed to join our board and chair the audit committee,” said Larry Silber, president and CEO of Hertz Equipment Rental Corp. “His extensive and deep experience in public company matters will be extremely helpful as we commit to good corporate governance and advance the long-term interest of our shareholders.”

HERC, which plans to be known as Herc Rentals following its separation from Hertz Global Holdings, is No. 3 on the RER 100.