Michael Kneeland Named President and CEO of United Rentals
United Rentals zu myNews hinzufügen Was ist das?
United Rentals, Inc. (NYSE: URI) today announced that Michael J.
Kneeland has been unanimously elected by the Board of Directors as
President and Chief Executive Officer, and as a director of the company,
effective immediately. Mr. Kneeland has served as interim Chief
Executive Officer of United Rentals since June 2007.
Jenne K. Britell, Ph.D., Chairman of the Board of United Rentals, said, "We
are delighted that Michael Kneeland has become the permanent CEO of
United Rentals. Following a thorough search process, it became clear
that Michael is the ideal executive to lead United Rentals into the
future. Michael is a seasoned executive with exceptional knowledge of
the rental industry, gained through his successful thirty-year career.
He has demonstrated strong leadership and extensive operating skill
throughout his tenure, especially during a challenging period in the
company’s history. We are confident that,
under his guidance, United Rentals will continue to achieve its growth
objectives, enhance operating efficiency and create long-term
shareholder value.”
Mr. Kneeland said: "I am grateful to the Board
of Directors for demonstrating its confidence in me. United Rentals
accomplished a great deal in the past year and our task now is to
capitalize on our exceptional market positions, strong customer
relationships and considerable growth potential. I look forward to
continuing to work with Dr. Britell and the Board, our management team
and the people of United Rentals to build on our many achievements.”
Mr. Kneeland joined United Rentals as a district manager in 1998 upon
the acquisition of Equipment Supply Co., and was subsequently named vice
president-aerial operations, and then vice president-southeast region.
From 2003 to 2007 he served as Executive Vice President of Operations
and was appointed Chief Operating Officer in 2007. Mr. Kneeland's thirty
years of experience in the equipment rental industry includes a number
of senior management positions with Freestate Industries Inc. and
Equipment Supply.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the
world, with an integrated network of over 670 rental locations in 48
states, 10 Canadian provinces and Mexico. The company's approximately
10,400 employees serve construction and industrial customers, utilities,
municipalities, homeowners and others. The company offers for rent over
2,900 classes of rental equipment with a total original cost of $4.2
billion. United Rentals is a member of the Standard & Poor's MidCap 400
Index and the Russell 2000 Index® and is
headquartered in Greenwich, Conn. Additional information about United
Rentals is available at www.unitedrentals.com.
Safe Harbor Statement Regarding Forward-Looking Statements Certain statements in this press release are forward-looking
statements within the meaning of the "safe
harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements can generally be
identified by words such as "believes,” "expects,” "plans,” "intends,” "projects,” "forecasts,” "may,” "will,” "should,” "on track” or "anticipates,”
or the negative thereof or comparable terminology, or by discussions of
vision, strategy or outlook. Our businesses and operations are subject
to a variety of risks and uncertainties, many of which are beyond our
control, and, consequently, actual results may differ materially from
those expected by any forward-looking statements. For a description of
factors that could cause actual results to differ from those expected,
please refer to our Annual Report on Form 10-K for the year ended
December 31, 2007, as well as to our subsequent filings with the SEC.
Our forward-looking statements contained herein speak only as of the
date hereof, and we make no commitment to update or publicly release any
revisions to forward-looking statements in order to reflect new
information or subsequent events, circumstances or changes in
expectations.