Kathryn Marinello Begins Stint as Hertz CEO, Resigns from GM Board
General Motors CEO Mary Barra announced last month the resignation of Board of Directors member Kathryn Marinello. Marinello, who had served on the board since July 2009, left in order to fulfill her duties as the newly-appointed president and chief executive officer of Hertz Global Holdings, a position she began serving in effect on January 3rd.
“On behalf of the board and the entire GM family, I’d like to personally thank Kathy for her many contributions to our company over the last seven years,” Barra said. “She brought us valuable insight and counsel in many areas, from automotive financing and IT to the voice of the customer. Kathy will definitely be missed, and we wish her all the best with her exciting new opportunity.”
Marinello has been the senior advisor of Area Management LLC since March 2014, a role preceded by an August 2010-March 2014 stint as the Chairman, President and CEO of Stream Global Services, Inc. Prior to that, she briefly served as a senior advisor and consultant at Provident Equity Partners LLC and Ares. From December 2007 to January 2010, she served as the chairman and CEO of Ceridian Corporation, prior to which she served as Ceridian’s president and CEO.
Additionally, Marinello spent a decade with General Electric Company in a number of senior roles, up to and including a 2002-06 run as president and CEO of GM Fleet Services.
Marinello replaces former Hertz CEO John Tague, whose retirement was made official on January 2nd.
“I am honored to have been selected to lead Hertz to its full potential at a time of unprecedented opportunity for [Hertz],” said Marinello. “I look forward to partnering with Hertz employees as we work to earn sustained industry leadership for the benefit of our shareholders, customers and team members.”