Herc Holdings Inc (HRI) News & EventsHRIHerc Holdings Inc

Herc Announces Aaron Birnbaum to Succeed as CEO

Herc announced that, as part of the Company's planned leadership succession, Aaron Birnbaum, currently president, will succeed Larry Silber as chief executive officer, effective Jan. 1, 2027. Birnbaum will also continue in his role as president and will join the Company's Board of Directors at that time. Silber, who has served as CEO since 2015 and a member of the Board since 2016, will transition to executive chairman of the Board. Concurrent with these leadership changes, also effective Jan. 1, 2027, Campbell will transition from chairman of the Board to independent director and will continue to serve as chairman of the Board's Audit Committee. Michael Kelly, currently an independent director, will assume the role of lead independent director and continue as chairman of the Board's Nominating and Governance Committee.

Tech Weakness Weighs on S&P 500 and Nasdaq

Fragile sentiment in the tech space weighed on broader indices as S&P 500 and Nasdaq Composite begin the final full week of August with a loss.  Semiconductors and memory stocks were the hardest hit on Monday as investors digest capital return announcement from Samsunglate last week, fret about press reports that Nvidiahas flagged price hikes, and also position for Nvidia earnings, PCE inflation, and Fed Chair Wash speech at Jackson Hole this week.  Technology and Industrials were the worst-performing sectors in the benchmark index.  In turn, Consumer Defensive names outperformed, with traders rotating into discount  retail giants that fell out of favor last week on disappointing results - Walmartwas up 2.7% and Costcowas up 2.5%.  Credit Services was also strong as Visaand Mastercardboth gained over 3% on Monday.In the opening hour of the evening session index futures are a little changed - S&P e-minis and Nasdaq 100 contracts are just above 7,670 and 29,100 respectively.   In commodities, WTI Crude Oil continues to trade in a narrow band in the mid-$80s.  Precious metals however have sustained their furious rebound - Gold prices were at 3-month highs near $4,740 and Silver is targeting a breach above $70 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Kura Oncologyup 6.3% after insider buyHerc Holdingsup 1.5% after insider buyVistraup 0.9% after insider buyBoeingup 0.4% after $131B USAF contractDOWN AFTER EARNINGS -Gorilla Technologydown 9.0%PicS N.V.down 2.7%ALSO LOWER -Daqo New Energydown 1.9% after Goldman Sachs downgradeTrade Deskdown 1.0% after mixed shelf offering

Herc Holdings Appoints Erik Olsson to Board of Directors

Herc Holdings announced the election of Erik Olsson, former CEO of Mobile Mini and RSC Holdings, to Herc Rentals' Board of Directors. Olsson will serve on the Board's audit committee. With this appointment, the Board will expand from eight to nine members.