12.04.2006 19:32:00
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Keith Wimbush Appointed to United Rentals Board of Directors; Lead Director Named; Interim Reports for 2005 Filed
Mr. Wimbush has held numerous legal executive positions includingsenior vice president and general counsel for Diageo North America andits predecessor businesses; and vice president and corporate counselfor Johanna Dairies, a division of John Labatt Limited. In addition,he twice served with the U.S. Department of Justice. Mr. Wimbushrecently retired as senior client partner and group co-practice leaderfor Korn/Ferry International. He is a member of the governing board ofBrunswick School, where he chairs the Diversity Committee. Mr. Wimbushholds a J.D. from Harvard Law School.
Mr. Gross has been a director of United Rentals since January1999. He is one of the founding partners of Apollo Advisors L.P. andhas been a partner of that company since its formation in 1990. Mr.Gross serves as chairman of the board of directors of ApolloInvestment Corporation, a closed-end investment company of which he isa founder. He is a director of Saks Incorporated; a founding member ofthe Youth Renewal Fund; the chairman of the board of the Mt. SinaiChildren's Center Foundation; a trustee of Trinity School; and amember of the corporate advisory board of the University of MichiganBusiness School.
Bradley Jacobs, chairman of United Rentals, said, "We aredelighted to welcome Keith Wimbush to our board and look forward tobenefiting from his considerable legal expertise and corporateexperience. Keith's appointment brings the company's board ofdirectors to 12 members, of whom nine are independent directors. Thedesignation of Michael Gross as lead director recognizes hisexperience and continued contribution to the board. We welcome hisexpanded involvement."
2005 interim reports filed
The company also announced it has filed its quarterly reports onForm 10-Q for the interim periods of the year ended December 31, 2005,with the Securities and Exchange Commission. United Rentals has nowfiled all Exchange Act reports which had been delayed and all reportsrequired under its senior debt facility and other indebtedness. Thecompany is now eligible to use short form registration statements forits employee stock plans. As a result, employees will be able toexercise vested options and rights under these plans and to sell theshares purchased into the open market, subject to company policies andapplicable law.
The previously announced SEC inquiry is ongoing, and the companycontinues to cooperate fully with the SEC.
About United Rentals
United Rentals, Inc. is the largest equipment rental company inthe world, with an integrated network of more than 750 rentallocations in 48 states, 10 Canadian provinces and Mexico. Thecompany's 13,400 employees serve construction and industrialcustomers, utilities, municipalities, homeowners and others. Thecompany offers for rent more than 20,000 classes of equipment with atotal original cost of $3.9 billion. United Rentals is a member of theStandard & Poor's MidCap 400 Index and the Russell 2000 Index(R) andis headquartered in Greenwich, Conn. Additional information aboutUnited Rentals is available at unitedrentals.com.
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United Rentals Inc. | 808,20 | -2,18% |
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S&P 400 MidCap | 1 854,40 | -0,45% |