Monday, equipment rental company United Rentals, Inc. (URI) said it elected Michael Kneeland as its president, chief executive officer and as a director, with immediate effect.
Kneeland has served as interim chief executive officer of United Rentals since June 2007. Kneeland came to United Rentals in 1998 as a district manager following the acquisition of Equipment Supply Co. He took the role of executive vice president of Operations in 2003 and became the chief operating officer in 2007.
Jenne Britell, chairman, stated, "Michael is a seasoned executive with exceptional knowledge of the rental industry, gained through his successful thirty-year career. He has demonstrated strong leadership and extensive operating skill throughout his tenure, especially during a challenging period in the company's history. We are confident that, under his guidance, United Rentals will continue to achieve its growth objectives, enhance operating efficiency and create long-term shareholder value."
URI closed Friday's trading session at $16.26, up $0.24, on a volume of 611K shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.