William Plummer to Retire as Chief Financial Officer of United Rentals
July 02 2018 - 7:30AM
Business Wire
Jessica Graziano, Senior Vice President –
Controller and Principal Accounting Officer, to assume role of CFO
in October 2018
United Rentals, Inc. (NYSE: URI) today announced that William
Plummer will retire as executive vice president and chief financial
officer on October 12, 2018. Mr. Plummer is the company’s
longest-serving CFO, having joined United Rentals in 2008. He will
remain with United Rentals until January 31, 2019, in an advisory
capacity.
The United Rentals board of directors has appointed Jessica
Graziano as chief financial officer, effective October 12. Ms.
Graziano joined United Rentals in December 2014 as controller and
principal accounting officer and was promoted to her current role
in March 2017. In this role, she works closely with the senior
leadership team and oversees the company’s accounting, financial
planning and analysis and insurance departments. Ms. Graziano has
more than two decades of financial management experience,
previously serving as senior vice president, principal financial
officer, chief accounting officer and corporate controller for
Revlon Inc. Earlier, she held senior financial positions with UST
Inc. (now Altria Group), Sturm, Ruger & Company Inc. and KPMG
LLP.
Michael Kneeland, chief executive officer of United Rentals,
said, “We deeply appreciate Bill’s extraordinary contributions to
United Rentals over the last decade and the strong leadership he
has provided. He will remain available to the executive team in an
advisory capacity. On a personal note, I want to thank Bill for
being an incredible partner in transforming our company and serving
our shareholders. We all wish him the very best in his retirement
from the company.”
During his tenure at United Rentals, Mr. Plummer brought his
significant expertise to bear on behalf of the business. He has
been instrumental in helping the company execute a strategy of
strong organic growth and acquisitions, strengthening the company’s
capital structure, and improving profitability and free cash flow
that, combined, have created substantial shareholder value.
Mr. Plummer said, “It has been a privilege to provide financial
leadership to United Rentals during a pivotal 10 years of growth.
While I’m incredibly proud of the results we produced, I’m even
more proud of the team that delivered those results, and I know
they will continue to do so. Jessica and I have worked closely
together for more than three years, and I’ve seen her strengths
firsthand. I’m stepping down with the knowledge that, under her
leadership, the company will continue its focus on balancing growth
and returns.”
Mr. Plummer’s experience prior to United Rentals included
positions as chief financial officer of Dow Jones & Company and
treasurer of Alcoa, Inc. He is the recipient of numerous awards,
including recognitions as one of America’s Best CFOs by
Institutional Investor magazine, and one of the 100 Most Powerful
Executives in Corporate America by Black Enterprise magazine. He
serves on the boards of directors of John Wiley & Sons, Inc.
and Global Payments, Inc.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in
the world. The company has an integrated network of 1,002 rental
locations in 49 states and every Canadian province. The company’s
approximately 15,000 employees serve construction and industrial
customers, utilities, municipalities, homeowners and others. The
company offers approximately 3,400 classes of equipment for rent
with a total original cost of $11.39 billion. United Rentals is a
member of the Standard & Poor’s 500 Index, the Barron’s 400
Index and the Russell 3000 Index® and is headquartered in Stamford,
Conn. Additional information about United Rentals is available at
unitedrentals.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180702005456/en/
United Rentals, Inc.Ted Grace, 203-618-7122Cell:
203-399-8951tgrace@ur.com
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