Kathryn V. Marinello

Kathryn V. Marinello (born June 2, 1956) is an American businesswoman, and the former president and chief executive officer (CEO) of The Hertz Corporation.[1][2]

Kathryn V. Marinello
Born (1956-06-02) June 2, 1956
NationalityAmerican
EducationState University of New York at Albany
Hofstra University
OccupationBusinesswoman
TitleFormer CEO, The Hertz Corporation
TermJanuary 2017 - May 2020
SuccessorPaul Stone
Spouse(s)Paul Marinello

Background and education

Kathryn Marinello was born on June 2, 1956.[3] She studied at Lund University in Sweden, before receiving a bachelor's degree from the State University of New York at Albany in 1978, and a Masters of Business Administration from Hofstra University in Hempstead, New York in 1983.[4][2]

Career

Marinello's senior positions have varied among companies - ranging from automotive, consumer marketing, banking, business services, technology and executive management.[5][6] She was named president and CEO of the Electronic Payments Group at First Data Corporation in 1995, which provided electronic banking, commerce, and debit and commercial processing to the financial services industry.[6][7] Marinello has served in senior financial leadership positions at US Bank, Chemical Bank (now JPMorgan Chase), Citibank and Barclays Bank.[6]

General Electric

Marinello joined General Electric in 1997 as president of GE Capital Consumer Financial Services and executive vice president of GE Card Services in Cincinnati, Ohio. She managed three of GE's business units, including Consumer Finance (1997-1999), Consumer Insurance, which includes Direct Marketing, Auto & Home Insurance, Auto Warranty and Life Insurance (1999 to 2002), and Fleet Commercial Finance (2002 to 2006).[5][8] Marinello's role as president and CEO of GE Fleet Services included managing over 3,000 employees in 20 countries.[5]

Stream Global Services

Upon leaving Ceridian, Marinello was elected chairman and CEO of Stream Global Services in Eagan, Minnesota from August 2010 to 2014, succeeding founder R. Scott Murray, who intended to pursue other business interests.[9][10][11]

Ares Management LLC

After four years in the business outsourcing industry, Marinello gained experience in asset management with Ares Management LLC. She served as a senior advisor and consultant from March 2014 to the fall of 2015.[12][11]

Hertz Global Holdings, Inc.

It was announced in December 2016 that Marinello would take over as President and CEO of Hertz Global Holdings, Inc. following John P. Tague's retirement.[12][13] Her executive role and placement on the rental car company's board of directors officially began on January 3, 2017. (26) Marinello's three-year employment agreement with Hertz includes an annual base salary of $1.45 million.[12][13] Marinello oversees 9,700 corporate and franchise rental car locations in 150 countries.[14]

Marinello led Hertz Global Holdings, Inc. and various subsidiaries including:

In May 2020, Marinello resigned and was replaced by Paul Stone as president and CEO of Hertz, with immediate effect.[18]

Board memberships
  • MasterCard's U.S. board from 1996 to 2002[19]
  • Ceridian Board of Directors from 2006 to 2010[5]
  • General Motors Board of Directors - July 2009-January 2017[20]
  • Independent member of AB Volvo's Board of Directors since April 2014[21]
  • Thrivent Financial Board of Directors in August 2014[4]
  • Member of the Supervisory Board at The Nielsen Company from 2014 to 2017[13]
  • RealPage, Inc. from 2015 to 2017[12]

Awards and recognition
  • 2006 - Named “Industry Leader” by The Minneapolis/St Paul Business Journal at its 9th annual Women in Business awards event.[22]
  • 2006 - 20th highest-paid woman in a CEO position (US$8.5 million)[23]
  • 2007 - Featured in Fortune Magazine's ranking of America's leading businesswomen[23]
  • 2008 - Member of The Business Roundtable[24]
  • 2016 - One of Fortune 500's 24 female chief executives[12]
  • 2017 - Added to Fortune 500's list of women CEOs - coming in at number 20 in 2017.[25]
  • 2018 - Listed in Fortune's list of Most Powerful Women[26]

Personal life

She resides in Bonita Springs, Florida with her husband, Paul.[4]

gollark: We should probably be clearer about human values as moral intuitions versus what you consciously/deliberatively think are the right ones.
gollark: You *probably* can't just switch your moral intuitions over to "I like murder now". If you can, probably don't try that.
gollark: I don't think it's true.
gollark: Interesting view.
gollark: Not everyone actually acts ethically, so clearly not.

References
  1. "Hertz Names Kathryn Marinello CEO". The Wall Street Journal. December 13, 2016. Retrieved September 7, 2017.
  2. "Kathryn V. Marinello". AB Volvo Group. 2017. Retrieved September 7, 2017.
  3. "Kathryn V. Marinello, President & Chief Executive Officer at Hertz Global Holdings, Inc". Relationship Science. 2017. Retrieved September 8, 2017.
  4. "Kathryn V. Marinello" (PDF). Thrivent Financial. 2017. Retrieved September 8, 2017.
  5. "Ceridian Corporation Names Kathryn V. Marinello CEO and President". HRO Today. October 9, 2006. Retrieved September 8, 2017.
  6. "Hertz names Marinello as CEO; Tague to retire in January". Naples Daily News. December 13, 2016. Retrieved September 8, 2017.
  7. "Hertz Global names Kathryn V. Marinello new President and CEO". eTurbo News. December 14, 2016. Retrieved September 8, 2017.
  8. "Ceridian Corporation Names Kathryn V. Marinello President and Chief Executive Officer". Ceridian. October 9, 2006. Retrieved September 8, 2017.
  9. "Stream Global Services Names Kathryn Marinello Chief Executive Officer". Business Wire. August 20, 2010. Retrieved September 8, 2017.
  10. "Convergys acquires Sergeant Bluff call center in Stream deal". Sioux City Journal. March 5, 2014. Retrieved September 8, 2017.
  11. "GM Announces Kathryn Marinello to Resign From Board of Directors". General Motors. December 19, 2016. Retrieved September 8, 2017.
  12. "Carl Icahn Is 'Excited' About New Hertz CEO Kathryn Marinello". Fortune. December 14, 2016. Retrieved September 8, 2017.
  13. "HERTZ GLOBAL HOLDINGS, INC. FORM 8-K". UNITED STATES SECURITIES AND EXCHANGE COMMISSION. December 13, 2016. Retrieved September 8, 2017.
  14. "2016 U.S. CAR RENTAL MARKET Fleet, Locations, and Revenue". Auto Rental News. December 13, 2016. Retrieved September 8, 2017.
  15. "No mystery anymore: Hertz moving HQ to Estero". NBC 2 News. May 7, 2013. Retrieved September 8, 2017.
  16. "Hertz Wins Bid to Buy Dollar Thrifty". The Wall Street Journal. August 27, 2012. Retrieved September 8, 2017.
  17. "Donlen Company Information". Donlen. 2017. Retrieved September 8, 2017.
  18. Thapa, Anuz (18 May 2020). "Hertz Names Its New CEO". The Street. Retrieved 19 May 2020.
  19. "Kathryn "Kathy" Marinello". Bloomberg. 2017. Retrieved September 8, 2017.
  20. "GM Announces Kathryn Marinello to Resign From Board of Directors". General Motors. 2016. Retrieved September 8, 2017.
  21. "Kathryn V. Marinello". Volvo Group. 2017. Retrieved September 8, 2017.
  22. "Ceridian Corporation names Kathryn V Marinello President and Chief Executive Officer". SD Worx. October 11, 2006. Retrieved September 8, 2017.
  23. "25 Highest-paid women". Fortune. September 29, 2008. Retrieved September 8, 2017.
  24. "Economic Rescue Plan" (PDF). Business Roundtable. October 1, 2008. Retrieved September 8, 2017.
  25. "These Are the Women CEOs Leading Fortune 500 Companies". Fortune. June 7, 2017. Retrieved September 8, 2017.
  26. "These Are the Women CEOs Leading Fortune 500 Companies". Fortune. September 2018. Retrieved October 2, 2018.
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