Kathryn Marinello has resigned from GM’s Board of Directors following Marinello’s appointment as president and chief executive officer of *Hertz Global Holdings effective 3 January 2017. Marinello joined GM’s board in July 2009. Hertz also announced that John Tague will retire as President and Chief Executive Officer of the Companies on January 2, 2017.
Marinello has served as senior advisor of Ares Management LLC, a global asset manager, since rejoining the company in March 2014. Prior to that she served as chairman and chief executive officer of Stream Global Services, Inc., a global business process outsource service provider specializing in customer relationship management, since August 2010. Marinello served as senior advisor and consultant at Providence Equity Partners LLC, a private equity firm, and Ares from June to August 2010.
She served as chairman and chief executive officer of Ceridian Corporation, a human resources outsourcing company, from December 2007 to January 2010 and president and chief executive officer from 2006 to 2007. Prior to joining Ceridian, Marinello spent 10 years at General Electric Company, serving in a variety of senior roles, including president and chief executive officer of GM Fleet Services, a division of GE, from 2002 to 2006.
“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.”
*Hertz Global
Hertz Global operates the Hertz, Dollar and Thrifty vehicle rental brands through its operating company The Hertz Corporation and its subsidiaries, in approximately 10,000 corporate and franchisee locations throughout North America, Europe, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. Hertz Global is one of the largest worldwide airport general use vehicle rental companies, and the Hertz brand is one of the most recognized in the world. Product and service initiatives such as Hertz Gold Plus Rewards, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections set Hertz Global apart from the competition. Additionally, Hertz Global owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly vehicle rental business in international markets and sells vehicles through its Rent2Buy program.
