Canadian Equipment Rental Corp. president Austin Fraser has resigned his position effective immediately, the company announced. Going forward the responsibilities associated with the role of president will be absorbed by the existing management team.

“Mr. Fraser has agreed to provide certain consulting services through the first quarter of 2017 as needed,” the company said in a statement. Fraser succeeded former president Wayne Wadley as president early in 2016.

CERC did not give a reason for Fraser’s resignation.

The company also said that former chief operating officer Skip Kerr died Dec. 27 after battling various health ailments.