Patricia Chiodo Appointed Interim CFO While an External Search is Conducted
SCOTTSDALE, Ariz., Apr 01, 2010 (BUSINESS WIRE) --RSC Holdings Inc. (NYSE: RRR) today announced that David Mathieson, Senior Vice President and Chief Financial Officer, is leaving the company to pursue other opportunities. Patricia Chiodo, currently the Company's Vice President and Controller, will serve as interim Chief Financial Officer while the Company conducts a search for his successor. The transition is effective immediately; in addition, Mr. Mathieson will be available to assist in transition matters as needed.
"I'd like to thank David for his contributions to RSC, including his assistance on several important debt offerings and cost reduction efforts that helped the Company effectively navigate through the recent difficult economic environment," said Erik Olsson, President and Chief Executive Officer. "With our business performing in line with the guidance we provided in February and the environment recovering as anticipated, the Company is positioned to emerge from the recession with the strongest possible team."
The Company has commenced a nationwide search for a new Chief Financial Officer who will continue to build out a best-in-class finance function and work collaboratively with the rest of senior management to set corporate strategy and support the operations of the business toward generating superior shareholder value.
"We are fortunate to have a first-rate finance team in place which will assure the seamless operation of our department during this interim period and pleased that David will be available to assure a smooth transition," Mr. Olsson concluded.
About RSC Holdings Inc.
RSC Holdings Inc. (NYSE: RRR), based in Scottsdale, Arizona, is the holding company for the operating entity RSC Equipment Rental, Inc. ("RSC"), which is a premier provider of rental equipment in North America, servicing the industrial, maintenance and non-residential construction markets with $2.3 billion of equipment at original cost. RSC offers superior equipment availability, reliability and 24x7 service to customers through an integrated network of 457 branch locations across 40 states in the United States and three provinces in Western Canada. Customer solutions to improve efficiency and reduce cost include the proprietary Total Control(R) rental management software, Mobile Tool Rooms(TM) and on-site rental locations. With 4,150 employees committed to safety and sustainability, RSC delivers the best value and industry leading customer service. All information is as of December 31, 2009. Additional information about RSC is available at http://www.RSCrental.com.
This press release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current expectations, are subject to uncertainty and changes in factual circumstances, are not guarantees of future performance, speak only as of the date hereof, and except as required by law, we disclaim any obligation to update these forward-looking statements to reflect future events or circumstances.
SOURCE: RSC Holdings Inc.
RSC Holdings Inc.
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