Stephen Scherr

Stephen Scherr is the Chief Executive Officer of Hertz and a member of the company’s Board of Directors since February 2022.[1]

Career

Prior to joining Hertz, Scherr spent 28 years at Goldman Sachs in several different strategic and operational leadership roles.[2] Before leaving Goldman Sachs, Scherr served as the Chief Financial Officer from 2018 to 2021.[3]

In 2016, Scherr led Goldman Sachs’ launch of consumer banking, branded as Marcus.[2] He also served as CFO during the firm’s launch of AppleCard, in partnership with Apple, Inc., in 2019.[4][5]

Scherr was named Goldman Sachs’ Chief Strategy Officer in 2014, appointed to the Goldman Sachs Management Committee in 2012, became head of Goldman Sachs’ Latin American operations in 2011 and served as the company’s Global Head of Financing.[6][7][8]

Scherr joined Goldman Sachs in 1993 as an investment banker, coming from practicing law at Cravath, Swaine & Moore.[9]

Affiliations

Scherr serves on the board of the New York Stem Cell Foundation and the Jewish Museum in New York.[10] He is also a member of The Council on Foreign Relations.[11]

Education

Scherr received his Juris Doctor at Harvard Law School. Before that he attended Woodrow Wilson School of Public and International Affairs at Princeton University where he obtained a bachelor of arts degree.[9]

References
  1. Natarajan, Sridhar; Welch, David (February 4, 2022). ""Hertz Names Goldman Ex-Finance Chief Stephen Scherr as CEO"". Bloomberg.
  2. Hoffman, Liz. "Goldman Sachs CFO Stephen Scherr to Retire". WSJ. Retrieved 2022-10-31.
  3. "Scherr Named Goldman CFO in Big Reshuffle". CFO. 2018-09-14. Retrieved 2022-10-31.
  4. Rooney, Kate. "Goldman's Main Street transformation including the upcoming Apple card is costing it big money". CNBC. Retrieved 2022-11-03.
  5. Green, Rachel. "Goldman Sachs' CEO said he expects the firm to become a frontrunner in consumer banking — and it's a sign that Apple Card is just the beginning". Business Insider. Retrieved 2022-11-03.
  6. "Goldman creates new role in growth push". Financial Times. 2014-06-02. Retrieved 2022-11-03.
  7. "Goldman's head of Latin American business retires". Reuters. 2011-11-01. Retrieved 2022-11-03.
  8. Moyer, Liz (2012-01-20). "Goldman's Donald Mullen, Global Head Of Credit, To Retire". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-11-03.
  9. "Selling to America: the radical makeover of Goldman Sachs". Financial Times. 2018-04-19. Retrieved 2022-11-03.
  10. "Stephen Scherr". American Banker. Retrieved 2022-10-31.
  11. "Council on Foreign Relations". Council on Foreign Relations. Retrieved 2022-10-31.
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