Hertz names ex-Ford CEO Mark Fields as interim CEO

Hertz rental cars are parked in a rental car park near the Detroit Metropolitan Airport in Romulus, Michigan.

Rebecca Cook | Reuters

Shares in Hertz Global up as much as 13.3% on Tuesday after the car rental company named former Ford CEO Mark Fields as interim CEO.

fields, who led Ford from 2014 to 2017, joined Hertz’s board of directors in June. He is a senior advisor to TPG Capital and a CNBC employee.

Hertz said Fields will succeed Paul Stone, who will become president and chief operations officer.

The appointments are effective immediately, according to the company.

Hertz is in an important phase after the bankruptcy in June. The company’s business was devastated last year Forced by the coronavirus pandemic to restructure and reduce debt.

“Hertz’s unmatched global presence is combined with forward-looking investments that completely change the face of travel and mobility,” Fields said in a statement. “The world will hear a lot more from Hertz in the coming weeks and months.”

Hertz stock rose 11.4% to $ 22.45 at 11:15 a.m. on Tuesday.

In May, Hertz announced that a group of investors including Knighthead Capital Management, Certares Opportunities and Apollo Capital Management were funding the company’s exit from Chapter 11 bankruptcy $ 6 billion turnaround plan.

Fields isn’t exactly known as a turnaround expert. He spent 22 years at Ford before being ousted from the automaker’s leadership in 2017 due to the company’s lagging stock price and lack of a solid vision for the automaker regarding electric and autonomous vehicles.

At Ford he succeeded earlier Boeing Alan Mulally, CEO of Commercial Airplanes, credited with turning the automaker’s operations and saving it from bankruptcy during the Great Recession.

Farmers can become profitable from crop fields already harvested | Information

FRANKFORT- Farmers can now earn up to $ 10,000 by leasing their harvested fields for public pigeon hunting.

The Kentucky Department of Fish and Wildlife Resources is now offering two programs that pay farmers to provide access to public pigeon hunting.

The division’s new Voluntary Public Access (VPA) Dove Fields program differs from the existing Cooperative Dove Field Program, which pays farmers to grow crops that attract pigeons and manage the fields for public pigeon hunting.

The VPA Dove Fields program seeks landowners willing to register harvested fields with enough seeds and grain by-products to attract pigeons. Kentucky Fish and Wildlife is interested in leasing these fields for public pigeon hunting.

Wildlife biologist Wes Little said the agency is always trying to increase hunting opportunities in ways that are relevant to local communities.

“With these new pigeon fields we can close the gaps,” he said. “There is a lot of land for hunting in the state WMAs (Wildlife Management Areas), but these are not always close to where our pigeon hunters live and work. Once included in the program, the harvested fields would be accessible for pigeon hunting like a WMA. “

Specific lease payments are based on the number of hectares registered, the type of crop and the number of days a landowner plans to participate in the program. The VPA Dove Fields program is aimed at hemp growers, both because of the burgeoning industry in Kentucky and because of the attractiveness of the crop to pigeons.

“Hemp grown for fiber or seed crops attracts as many pigeons as the best sunflower forage plots,” said Little.

Federal regulations prohibit hunting pigeons over areas where bait has been placed, but agricultural fields are a convenient and legal way to attract the birds. Other crops eligible for the program are silage crops such as corn, millet or milo and wheat intercrops grown in tobacco fields, all of which are known to attract pigeons. In certain situations, wheat seeds can also be sown as catch crops via the program.

The habitat surrounding a suitable arable field can also receive an additional payment per hectare if the landowner’s maximum has not been reached, but only if the hectares offered provide hunter parking or additional hunting land that improves the quality of public pigeon hunting access.

The pigeon hunting season starts on September 1st and is most popular on the opening day, weekends and public holidays. Landowners have several planning options to choose from when it comes to opening their land to the public. In addition, there are some requirements such as accessibility, location, proximity to cities and overall potential for success.

Kentucky has an applicable recreational use law (CRS 411.190). Landowners should consult their attorneys to better understand how this law applies to them.

For more information on either of the two pigeon field leasing programs, email Little at wes.little@ky.gov, or call 800-858-1549.