MINNEAPOLIS, October 9, 2006 – Ceridian Corporation (NYSE: CEN) today announced that it has appointed Kathryn V. Marinello President and Chief Executive Officer, effective October 20, 2006. Ms. Marinello, most recently President of General Electric Fleet Services, will succeed Ronald L. Turner. She will be elected to the Ceridian Board of Directors at the next meeting of the Board.
“We are extremely pleased that Kathy has accepted the opportunity to lead Ceridian,” said L. White Matthews, III, Ceridian’s Chairman. “She has excellent leadership skills. Throughout her career with several great companies, she has consistently produced both top-line growth and substantial margin improvement. We believe she will produce the same results at Ceridian. Her background in technology-based and enterprise-focused solutions businesses will be an outstanding asset to the organization.”
Marinello, 50, brings a consistent history of operational excellence and revenue generation to Ceridian.
Marinello joined GE in 1997 with extensive experience in financial services marketing and operations, including positions at First Data Corporation, First Bank System, Chemical Bank and Citibank. She also served as President of GE Capital’s Consumer Financial Services business.
Her most recent role as President and CEO of GE Fleet Services included overseeing over 3,000 employees in 20 countries around the world, a division that by itself is among the top 20 Minnesota companies by revenue.
Her many accomplishments included being recognized as an Industry Leader by The Minneapolis/St. Paul Business Journal at its ninth annual Women in Business awards event this year. She is on the board of directors of the Greater Twin Cities United Way and the Minnesota Business Partnership.
Marinello holds a Bachelor’s degree in Liberal Arts from the State University of New York at Albany and a Master’s degree in Business from Hofstra University.
Ceridian Corporation (www.ceridian.com) is an information services company serving businesses and employees in the United States, Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee advisory programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States.