Hertz replaces CEO for the third time in 17 months

ESTERO — Mark Fields, former president and CEO of Ford Motor Co., has been named interim CEO of The Hertz Corp., the third person to hold the title at the troubled rental car giant in the past two years and the seventh in the past six years.

Fields, 60, has taken over immediately according to a filing with the Securities and Exchange Commission. Paul Stone, who’d had the job since last year, assuming the role just days before the company filed for bankruptcy, will remain as president and COO. Stone also lost his seat on the Lee County-based company’s board.