June 6 (Reuters) - Hertz Global Holdings Inc : * Hertz global holdings board of directors approves separation of car rental and equipment rental businesses and sets record date * On july 1, 2016 , new hertz global holdings will begin regular-way trading on nyse under existing htz symbol * Says emerging from transaction will be two companies: a new hertz global holdings inc and herc holdings inc * On july 1, 2016 , herc holdings will begin regular-way trading on nyse under symbol hri * Hertz global holdings inc says expected members of board of directors for herc holdings were named * Says Herc Holdings Board Will Be Led By Non-Executive chairman herbert henkel * Larry silber will be president and chief executive officer for herc holdings Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
Hertz Global Holding board of directors has approved the separation of its car rental and equipment rental business. The company said it will sell off all or part of its automotive business to a new independent company, which is expected to be formed by mid-2017.