Jenne Britell Elected Chairman of United Rentals
Greenwich, CT - Jul 20, 2008
United Rentals, Inc. (NYSE: URI) today announced that Jenne K. Britell, Ph.D. has been unanimously elected Chairman of the company's Board of Directors. Dr. Britell, a Director since 2006, is Chairman and Chief Executive Officer of Structured Ventures, Inc., advisors on financial services and product strategy to U.S. and foreign companies.
Dr. Britell said: "I am honored to be elected Chairman of the Board of United Rentals and thank my fellow directors for their confidence. United Rentals is well-positioned for success in its markets and has many attractive opportunities for growth. The coming years will be exciting as we pursue a strategic path towards creating long-term value for our shareholders."
Howard Clark, Chairman of the Board's Nominating and Corporate Governance Committee, said, "The Board of Directors is delighted to have elected Jenne Britell its Chairman. In her years as a director, Jenne has demonstrated exceptional business acumen and judgment, from which we will continue to benefit as she assumes additional responsibilities. The Board looks forward to Jenne's leadership as we work together to ensure a successful future for United Rentals."
Dr. Britell has been Chairman and Chief Executive Officer of Structured Ventures, Inc. since 2001. From 1996 to 2000 she was a senior executive of GE Capital where she most recently was Executive Vice President of Global Consumer Finance and President of Global Mortgage and Consumer Banking, and also served as President and Chief Executive Officer of GE Capital, Central and Eastern Europe. From 1993 to 1996, Dr. Britell was Executive Vice President, Chief Lending Officer and General Manager, Mortgage Banking at Dime Bancorp, Inc., and also held significant leadership positions with Citicorp and Republic New York Corporation. In 1992, she was the founding Chairman and Chief Executive Officer of the Polish-American Mortgage Bank in Warsaw, the first American to be approved by the National Bank of Poland to run a Polish bank.
Dr. Britell is a director of three other NYSE-listed companies — Crown Holdings, Inc., Quest Diagnostics Incorporated and West Pharmaceutical Services, Inc. — a Sustaining Trustee of the Fox Chase Cancer Center and a director of the U.S.—Russia Foundation for Economic Advancement and the Rule of Law. She was previously a director of Lincoln National Corporation and Aames Investment Corporation, and a trustee of TIAA-CREF.
Dr. Britell holds BA (cum laude) and MA degrees from Harvard University, and MS and Ph.D. degrees from Columbia University. She is married to Dan Jacobson and has two grown daughters and two grandsons.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of over 670 rental locations in 48 states, 10 Canadian provinces and Mexico. The company's approximately 10,500 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent over 2,900 classes of rental equipment with a total original cost of $4.2 billion. United Rentals is a member of the Standard & Poor's MidCap 400 Index and the Russell 2000 Index® and is headquartered in Greenwich, Conn. Additional information about United Rentals is available at www.unitedrentals.com.
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