United Rentals, Inc. has 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 August 25th. 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 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.