United Rentals Appoints Martin Welch as Interim Chief Financial Officer

Wayland Hicks, chief executive officer, said, "The appointment ofMarty Welch as interim CFO provides our company with strong financialleadership. He will play a crucial role in our organization as wecontinue to work expeditiously to complete our financial statementsfor 2004 and the first half of 2005. His proven track record as aneffective executive with extensive financial experience will allow himto contribute immediately."

Welch will serve in this interim capacity while the companyproceeds to fill the position left vacant by the termination ofpresident and chief financial officer John N. Milne in August.

Welch most recently served as director and business advisor to theprivate equity firm, York Management Services. Welch joined KmartCorporation as chief financial officer in 1995 and served in thatcapacity until 2001. During that time, he was instrumental inrestructuring the company's balance sheet and strengthening allaspects of the financial operations, including the successfulredeployment of financial resources in support of company goals.

Welch served as chief financial officer for Federal-MogulCorporation from 1991 until 1995. He held various finance positions atChrysler Corporation from 1982 to 1991, including chief financialofficer for Chrysler Canada.

Welch began his career in 1970 at Arthur Young (now Ernst &Young), and is a certified public accountant. He currently serves onthe boards of York portfolio companies Northern Group Retail Ltd. andPopular Club Plan. He holds a Bachelor of Science degree in accountingand a Masters of Business Administration in finance, both from theUniversity of Detroit Mercy.

About United Rentals

United Rentals, Inc. is the largest equipment rental company inthe world, with an integrated network of more than 730 rentallocations in 48 states, 10 Canadian provinces and Mexico. Thecompany's 13,200 employees serve construction and industrialcustomers, utilities, municipalities, homeowners and others. Thecompany offers for rent over 600 different types 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.