Kathryn V. Marinello
{{Short description|American businesswoman}}
{{Infobox person
| name = Kathryn V. Marinello
| image =
| image_size = 150px
| caption =
| birth_name =
| birth_date = {{birth date and age|1956|6|2}}
| birth_place =
| death_date =
| death_place =
| education = State University of New York at Albany
Hofstra University
| nationality = American
| occupation = Businesswoman
| title = President and CEO, PODS
| term = January 2021- present
| successor =
| spouse = Paul Marinello
}}
Kathryn V. Marinello (born June 2, 1956) is an American businesswoman, and president and chief executive officer (CEO) of PODS, a moving and storage company.
Previously, she was president and CEO of Hertz Global Holdings.{{Cite web|title =Hertz Names Kathryn Marinello CEO.|url =https://www.wsj.com/articles/hertz-names-kathryn-marinello-ceo-1481668479|accessdate = September 7, 2017|publisher = The Wall Street Journal.|date =December 13, 2016}}{{Cite web|title =Kathryn V. Marinello.|url =http://www.volvogroup.com/en-en/investors/corporate-governance/board-of-directors/kathryn-v-marinello.html|accessdate = September 7, 2017|publisher = AB Volvo Group.|date =2017}}
Early life
Kathryn Marinello was born on June 2, 1956.{{Cite web|title =Kathryn V. Marinello, President & Chief Executive Officer at Hertz Global Holdings, Inc.|url =https://relationshipscience.com/kathryn-v-marinello-p3567667|accessdate = September 8, 2017|publisher = Relationship Science.|date =2017}} 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.
Career
Marinello's senior positions have varied among companies - ranging from automotive, consumer marketing, banking, business services, technology and executive management.{{Cite web|title =Ceridian Corporation Names Kathryn V. Marinello CEO and President.|url =http://www.hrotoday.com/news/enabling-technology/ceridian-corporation-names-kathryn-v-marinello-ceo-and-president/|accessdate = September 8, 2017|publisher = HRO Today.|date =October 9, 2006}}{{Cite web|title =Hertz names Marinello as CEO; Tague to retire in January.|url =http://www.naplesnews.com/story/money/business/local/2016/12/13/hertz-names-marinello-ceo-tague-retire-january/95397598/|accessdate = September 8, 2017|publisher = Naples Daily News.|date =December 13, 2016}} 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.{{Cite web|title =Hertz Global names Kathryn V. Marinello new President and CEO.|url =https://eturbonews.com/76226/hertz-global-names-kathryn-v-marinello-new-president-and-ceo|accessdate = September 8, 2017|publisher = eTurbo News.|date =December 14, 2016}} Marinello has served in senior financial leadership positions at US Bank, Chemical Bank (now JPMorgan Chase), Citibank and Barclays Bank.
=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).{{Cite web|title =Ceridian Corporation Names Kathryn V. Marinello President and Chief Executive Officer.|url =http://www.ceridian.ca/news/2006/1009-kathryn-marinello-named-president-ceo.html|accessdate = September 8, 2017|publisher = Ceridian.|date =October 9, 2006}} Marinello's role as president and CEO of GE Fleet Services included managing over 3,000 employees in 20 countries.
=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.{{Cite web|title =Stream Global Services Names Kathryn Marinello Chief Executive Officer.|url =http://www.businesswire.com/news/home/20100820005231/en/Stream-Global-Services-Names-Kathryn-Marinello-Chief|accessdate = September 8, 2017|publisher = Business Wire.|date =August 20, 2010}}{{Cite web|title =Convergys acquires Sergeant Bluff call center in Stream deal.|url =http://siouxcityjournal.com/news/local/convergys-acquires-sergeant-bluff-call-center-in-stream-deal/article_07efa166-615f-5da4-8e28-4d7f31df7a8d.html|accessdate = September 8, 2017|publisher = Sioux City Journal.|date =March 5, 2014}}{{Cite web|title =GM Announces Kathryn Marinello to Resign From Board of Directors.|url =http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2016/dec/1219-board.html|accessdate = September 8, 2017|publisher = General Motors.|date =December 19, 2016}}
=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.{{Cite web|title =Carl Icahn Is 'Excited' About New Hertz CEO Kathryn Marinello.|url =http://fortune.com/2016/12/14/carl-icahn-hertz-new-ceo-marinello/|accessdate = September 8, 2017|publisher = Fortune.|date =December 14, 2016}}
=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.{{Cite web|title =HERTZ GLOBAL HOLDINGS, INC. FORM 8-K.|url =https://www.sec.gov/Archives/edgar/data/1657853/000089882216000524/body.htm|accessdate = September 8, 2017|publisher = UNITED STATES SECURITIES AND EXCHANGE COMMISSION.|date =December 13, 2016}} 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. Marinello oversees 9,700 corporate and franchise rental car locations in 150 countries.{{Cite web|title =2016 U.S. CAR RENTAL MARKET Fleet, Locations, and Revenue.|url =http://www.autorentalnews.com/fileviewer/2451.aspx|accessdate = September 8, 2017|publisher = Auto Rental News.|date =December 13, 2016}}
Marinello led Hertz Global Holdings, Inc. and various subsidiaries including:
- The Hertz Corporation in Estero, Florida{{Cite web|title =No mystery anymore: Hertz moving HQ to Estero.|url =http://www.nbc-2.com/story/22179420/hertz-moving-headquarters-to-estero-florida|accessdate =September 8, 2017|publisher =NBC 2 News.|date =May 7, 2013|archive-date =August 5, 2017|archive-url =https://web.archive.org/web/20170805100435/http://www.nbc-2.com/story/22179420/hertz-moving-headquarters-to-estero-florida|url-status =dead}}
- Dollar Thrifty Automotive Group, Inc. - which separates into Thrifty Car Rental and Dollar Rent A Car.{{Cite web|title =Hertz Wins Bid to Buy Dollar Thrifty.|url =https://www.wsj.com/articles/SB10000872396390444230504577613770986917472|accessdate = September 8, 2017|publisher = The Wall Street Journal.|date =August 27, 2012}}
- Donlen Corporation in Bannockburn, Illinois{{Cite web|title =Donlen Company Information.|url =http://www.donlen.com/donlen-company-information.html|accessdate = September 8, 2017|publisher = Donlen.|date =2017}}
In May 2020, Marinello resigned and was replaced by Paul Stone as president and CEO of Hertz, with immediate effect.{{cite news |last1=Thapa |first1=Anuz |title=Hertz Names Its New CEO |url=https://www.thestreet.com/video/hertz-names-ceo-paul-stone |accessdate=19 May 2020 |work=The Street |date=18 May 2020}}
=PODS=
Board memberships
- MasterCard's U.S. board from 1996 to 2002{{Cite web|title =Kathryn "Kathy" Marinello.|url =https://www.bloomberg.com/profiles/people/15132507-kathryn-v-marinello|accessdate = September 8, 2017|publisher = Bloomberg.|date =2017}}
- Ceridian Board of Directors from 2006 to 2010
- General Motors Board of Directors - July 2009-January 2017{{Cite web|title =GM Announces Kathryn Marinello to Resign From Board of Directors.|url =http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2016/dec/1219-board.html|accessdate = September 8, 2017|publisher = General Motors.|date =2016}}
- Independent member of AB Volvo's Board of Directors since April 2014{{Cite web|title =Kathryn V. Marinello.|url =http://www.volvogroup.com/en-en/investors/corporate-governance/board-of-directors/kathryn-v-marinello.html|accessdate = September 8, 2017|publisher = Volvo Group.|date =2017}}
- Thrivent Financial Board of Directors in August 2014
- Member of the Supervisory Board at The Nielsen Company from 2014 to 2017
- RealPage, Inc. from 2015 to 2017
Awards and recognition
- 2006 - Named “Industry Leader” by The Minneapolis/St Paul Business Journal at its 9th annual Women in Business awards event.{{Cite web|title =Ceridian Corporation names Kathryn V Marinello President and Chief Executive Officer.|url =https://www.sdworx.co.uk/news/ceridian-corporation-names-kathryn-v-marinello-president-and-chief-executiv|accessdate =September 8, 2017|publisher =SD Worx.|date =October 11, 2006|archive-date =September 8, 2017|archive-url =https://web.archive.org/web/20170908200736/https://www.sdworx.co.uk/news/ceridian-corporation-names-kathryn-v-marinello-president-and-chief-executiv|url-status =dead}}
- 2006 - 20th highest-paid woman in a CEO position (US$8.5 million){{Cite web|title =25 Highest-paid women.|url =https://money.cnn.com/galleries/2007/fortune/0709/gallery.women_highest_pay.fortune/20.html|access-date = September 8, 2017|publisher = Fortune.|date =September 29, 2008}}
- 2007 - Featured in Fortune Magazine's ranking of America's leading businesswomen
- 2008 - Member of The Business Roundtable{{Cite web|title =Economic Rescue Plan.|url =http://businessroundtable.org/sites/default/files/letters/2008.10.01%20BRT%20Letter%20to%20Congress%20on%20Economic%20Rescue%20Plan%20%281%29.pdf|accessdate = September 8, 2017|publisher = Business Roundtable.|date =October 1, 2008}}
- 2016 - One of Fortune 500's 24 female chief executives
- 2017 - Added to Fortune 500's list of women CEOs - coming in at number 20 in 2017.{{Cite web|title =These Are the Women CEOs Leading Fortune 500 Companies.|url =http://fortune.com/2017/06/07/fortune-500-women-ceos/|accessdate = September 8, 2017|publisher = Fortune.|date =June 7, 2017}}
- 2018 - Listed in Fortune's list of Most Powerful Women{{Cite web|title =These Are the Women CEOs Leading Fortune 500 Companies.|url =http://fortune.com/most-powerful-women/kathryn-marinello-50/|accessdate =October 2, 2018|publisher =Fortune.|date =September 2018|archive-date =September 30, 2018|archive-url =https://web.archive.org/web/20180930170413/http://fortune.com/most-powerful-women/kathryn-marinello-50/|url-status =dead}}
Personal life
She resides in Bonita Springs, Florida with her husband, Paul.{{Cite web|title =Kathryn V. Marinello.|url =https://www.thrivent.com/governance/files/N.1_Marinello.pdf|accessdate =September 8, 2017|publisher =Thrivent Financial.|date =2017|archive-date =September 8, 2017|archive-url =https://web.archive.org/web/20170908201444/https://www.thrivent.com/governance/files/N.1_Marinello.pdf|url-status =dead}}
References
{{Reflist}}
{{DEFAULTSORT:Marinello, Kathryn}}
Category:People from Apple Valley, Minnesota
Category:University at Albany, SUNY alumni
Category:Hofstra University alumni
Category:Lund University alumni
Category:General Electric people
Category:American women in business
Category:American chief executives of Fortune 500 companies
Category:American women chief executives