Enterprise Holdings CEO Pamela Nicholson will retire at the end of the year. Her successor will be named after a meeting of the company's board of directors in December. 

Nicholson is the third CEO in the car rental company's 62-year history and the first from outside the Taylor family, which founded Enterprise in St. Louis in 1957. 

Nicholson has spent her entire professional career with Enterprise. She joined the company in 1981 after graduating from the University of Missouri. She was named COO in 2003, president in 2008 and CEO in 2013.

"Pam Nicholson is more than a dynamic and inspiring business leader. She is the quintessential Enterprise success story -- the personification of our company's promote-from-within culture," said Enterprise executive chairman Andrew Taylor. "She joined our company fresh out of college and rose from a management trainee behind the rental counter to our top leadership team through a combination of great management skills, keen business instincts and just plain hard work. She has played a critical role in taking Enterprise from a regional car rental company to a global provider of total transportation solutions." 

Enterprise is a $26 billion company with more than 10,000 rental locations. The company operates the Enterprise, Alamo and National brands.

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