Herc Holdings, Inc. has announced the election of two new independent directors: John Olin, executive vice president and chief financial officer at Westinghouse Air Brake Technologies Corporation, and Patrick Shannon, former senior vice president and chief financial officer at Allegion plc. Their elections to the Company’s Board of Directors (the “Board”) are effective Jan. 1, 2026. Olin and Shannon will both serve on the Company’s audit committee.
“We are pleased to welcome John and Patrick to the Board,” said Patrick Campbell, chairman of the Board of Directors. “They each bring decades of relevant experience delivering growth as executives and directors of public companies. Their strategic and financial expertise will further strengthen the Board with complementary, value-additive skillsets.”
“We are excited to add John and Patrick to the Board,” said Chief Executive Officer Larry Silber. “Their insights and leadership will be very beneficial as the Board and management team continue to focus on accelerating sustainable, profitable growth and creating shareholder value.”
These elections are in connection with the Company’s Board succession planning process. James Browning, the current audit committee chair, will retire in May 2026 at the Company’s annual shareholders meeting in accordance with the Board’s director retirement policy.
With these appointments, the Board will temporarily expand from eight to 10 members. Following Mr. Browning’s retirement, the Board will be reduced to nine members.
Biographies
John Olin currently serves as executive vice president and chief financial officer at Westinghouse Air Brake Technologies Corporation, a global rail technology company. Before joining Wabtec, Olin served as senior vice president and chief financial officer of Harley-Davidson. His earlier leadership roles include serving as controller of Kraft Foods’ Cheese Division and more than a decade of financial management positions at Kraft, Oscar Mayer Foods and Miller Brewing Company. He also held positions with financial services and consulting firms, including Ernst & Whinney (now Ernst & Young). He currently serves on the Advisory Board of the New York Stock Exchange and previously served on the Board of Directors of the AutoTrader Group and Exide Technologies.
Olin earned a bachelor’s degree in accounting from Indiana University and a master’s degree in business administration from the University of Chicago. He is a certified public accountant.
Patrick Shannon formerly served as senior vice president and chief financial officer for Allegion, a global provider of security products and solutions, where he led the company’s global financial organization, including accounting, audit, business development, investor relations, tax and treasury. Previously, he served as vice president and treasurer for Ingersoll Rand. Earlier in his career, he was senior vice president and chief financial officer of OneCoast Network Corporation and held various domestic and international financial leadership roles at AGCO Corporation, ultimately serving as its senior vice president and CFO. Shannon began his career with Arthur Andersen LLP. He currently serves on the Board of Directors for Astec Industries, Inc. and MasterBrand, Inc.
Shannon earned a bachelor’s degree in accounting from the University of Georgia and a master’s degree in business administration from Mercer University.
