RSC Equipment Rental, the operating entity for RSC Holdings, last week announced that Kevin Drumm, an experienced investment banker with considerable industrial experience gained during 13 years in investment banking, finance and corporate law, has joined the firm as senior vice president - strategic development, a newly created position.

“We are delighted to have Kevin join our management team in this important new role,” said Erik Olsson, president and CEO. “Kevin brings considerable experience working with management teams to grow their businesses and has strong capabilities in the development of growth strategies. He also brings important experience in the equipment rental industry and his industrial focus will be of great value as we expand our leadership in the attractive industrial markets.”

Drumm will assist RSC in achieving its long-term strategic goals through the identification, analysis and execution of potential acquisitions and partnerships that will enhance the company’s position in current and target markets. He will report to Olsson and will be based at the company’s corporate headquarters in Scottsdale, Ariz.

Drumm comes to RSC most recently from Bank of America Securities LLC, where he was a principal responsible for advisory and capital related banking as a member of the Diversified Industrials team. During his time at that firm, he had coverage responsibility for the equipment rental sector and served machinery and equipment, electrical products and general industrial clients.

RSC Equipment Rental is No. 2 on the RER 100.