Greenwich, Conn.-based United Rentals last week announced that Keith Wimbush joined the company's board of directors and that the board designated Michael Gross as lead director.
Wimbush has held numerous legal executive positions including senior vice president and general counsel for Diageo North America and its predecessor businesses; and vice president and corporate counsel for Johanna Dairies, a division of John Labatt Limited. In addition, he twice served with the U.S. Department of Justice.
Gross has been a director of United Rentals since January 1999. He is one of the founding partners of Apollo Advisors L.P. and has been a partner of that company since its formation in 1990. Gross serves as chairman of the board of directors of Apollo Investment Corp., a closed-end investment company of which he is a founder. He is a director of Saks Incorporated; a founding member of the Youth Renewal Fund; the chairman of the board of the Mt. Sinai Children's Center Foundation; a trustee of Trinity School; and a member of the corporate advisory board of the University of Michigan Business School.
"We are delighted to welcome Keith Wimbush to our board and look forward to benefiting from his considerable legal expertise and corporate experience,” said Brad Jacobs, chairman of United Rentals. “Keith's appointment brings the company's board of directors to 12 members, of whom nine are independent directors. The designation of Michael Gross as lead director recognizes his experience and continued contribution to the board. We welcome his expanded involvement."
In other news, the company also announced it filed its quarterly reports on Form 10-Q for the interim periods of the year ended Dec. 31, 2005, with the Securities and Exchange Commission. United Rentals has now filed all Exchange Act reports, which had been delayed and all reports required under its senior debt facility and other indebtedness. The company is now eligible to use short form registration statements for its employee stock plans. As a result, employees will be able to exercise vested options and rights under these plans and to sell the shares purchased into the open market, subject to company policies and applicable law.
The previously announced SEC inquiry is ongoing.
United Rentals is No. 1 on the RER 100.
