Marinello joined GM in 2009 and has served on the board of directors since then. She will replace retiring CEO John Tague at Hertz while also sitting on GM and Volvo’s board.
“Kathy has a history as a proven CEO and I believe she is the right person to lead Hertz as we move forward,” Icahn, who has a 35.3 percent stake in Hertz, said in a statement issued by the company.
In the process, Hertz will also lose three of its longest-serving board members, effective January 2, 2017. It is unknown why the trio of directors decided to step down.