United Rentals announced that Jeff Fenton, Senior Vice President, business development, will retire on June 30. He will be succeeded by Alfredo Barquin, who will lead the company’s M&A growth strategy as vice president, business development. Fenton will continue working with the company as a senior advisor through December 31, 2022.

Fenton joined United Rentals in his current position in 2012. Over the past decade, he has been instrumental in the successful completion of dozens of acquisitions and other transactions to expand the scale and depth of the company’s service offering and built a high-performing business development team to support strategic growth.

“I want to personally thank Jeff for his many contributions to a landmark decade of growth for our company, and wish him the very best in his retirement,” said Matthew Flannery, United Rentals CEO. “Jeff’s done an outstanding job of furthering our vision in line with our values. As Alfredo takes the reins in June, his strong track record with strategic expansions and our world-class team will ensure a smooth transition.”

Barquin joined United Rentals in January from SWM International, a global manufacturer of engineered industrial performance materials. He most recently served as chief growth officer of SWM, following roles as general manager and CEO of company subsidiaries and vice president, corporate development. Previously, during an 11-year tenure with GE Energy (now GE Power), he led M&A initiatives as managing director, global business development, and earlier managed development activities for Eaton Corp. Barquin holds a bachelor’s degree in finance from the University of South Florida and a master’s degree in international business from Thunderbird School of Global Management.