United Rentals Names Larry De Shon to Board of Directors

Rhea-AI Summary

United Rentals, Inc. (NYSE: URI) has appointed Larry De Shon to its board of directors, increasing the board size to 12 members, with 10 independent directors. De Shon brings over 40 years of experience in transportation services, including a tenure as CEO of Avis Budget Group. His diverse background is expected to align with United Rentals' strategy of delivering critical service-intensive solutions across various customer markets. Chairman Michael Kneeland emphasized De Shon's innovative thinking as a valuable asset to the company.

Positive

• Appointment of Larry De Shon enhances board expertise and diversity.
• De Shon brings over 40 years of relevant industry experience.

Negative

• None.

United Rentals, Inc. (NYSE: URI) today announced that Larry De Shon has joined the company’s board of directors, effective immediately. His appointment expands the composition of the board to 12 members, of which 10 are independent directors.

Michael Kneeland, chairman of United Rentals, said, “Larry De Shon is a strong addition to our board. He’s an innovative thinker whose credentials are directly relevant to United Rentals’ strategy and business model — critical, service-intensive solutions delivered at scale, with diverse customer markets. I’m delighted to welcome Larry as an independent director.”

Mr. De Shon’s career spans more than 40 years in transportation services, most recently as president and chief executive officer of Avis Budget Group, Inc. until his retirement in 2019. Earlier, he served as president of Avis Budget Group International, among other positions, with oversight of the Avis, Budget, Zipcar, Payless, Maggiore and Apex brands in Europe, the Middle East, Africa, Asia, Australia and New Zealand. Prior to Avis, he served in various executive roles during 28 years with UAL Corporation (now United Continental Holdings, Inc.), where he led United Airlines’ global airport operations, including safety, customer service, logistics, product development and internal communications. In addition to United Rentals, Mr. De Shon serves as a director on the boards of The Hartford Financial Services Group, Inc. and Air New Zealand Limited. He holds degrees in communications and sociology from the University of Missouri.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,275 rental locations in North America, 11 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 19,900 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 4,200 classes of equipment for rent with a total original cost of $15.06 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210811005812/en/

FAQ

Who is Larry De Shon and what is his background?

Larry De Shon is the newly appointed independent director on the board of United Rentals. He has over 40 years of experience in transportation services, including roles as CEO of Avis Budget Group and leadership positions with UAL Corporation.

Why was Larry De Shon appointed to United Rentals' board?

Larry De Shon was appointed to enhance the board's expertise and align with United Rentals' strategy of service-intensive solutions, leveraging his extensive experience in related industries.

What impact could Larry De Shon's appointment have on URI?

De Shon's appointment may positively impact URI by bringing innovative perspectives and strategic insights, potentially enhancing the company's service delivery and customer engagement.