Ford to sell Hertz

Ford has agreed to sell its car rental subsidiary Hertz to a private equity consortium in a deal worth $15bn (&£8.2bn). Clayton Dubilier & Rice, Carlyle Group and Merrill Lynch’s private equity unit will pay $5.6bn (&£3.1bn) for Hertz and take on about $9.4bn (&£5.1bn) of debt.

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Viacom appoints names group account director

Marketing Week

Viacom Brand Solutions, the television sales house, has appointed Lucas Cridland as group account director. He joins from Walker Media, where he was director of television . Viacom has also appointed Andy Richardson, a former Sci-Fi Channel executive, as operations director.

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