Hertz CEO John Tague to step down in January

Features Reuters

(Copyright Reuters 2016)

U.S. car rental company Hertz Global Holdings Inc said on Tuesday that Chief Executive Officer John Tague will retire, effective Jan. 2.

Continue Reading Below

The company said Kathryn Marinello, a senior advisor of Ares Management LLC since March 2014, would replace Tague.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D'Souza)