Summary
United Rentals, Inc. (URI) announced a significant leadership change in its finance department via an 8-K filing on July 2, 2018. Executive Vice President and Chief Financial Officer, William B. Plummer, will retire effective October 12, 2018, after a transition period extending to January 31, 2019, where he will provide advisory services. Ms. Jessica T. Graziano, currently Senior Vice President – Controller and principal accounting officer, has been appointed to succeed Mr. Plummer as the new Chief Financial Officer. The filing includes details on Mr. Plummer's retirement benefits, specifically accelerated vesting of certain restricted stock units. Investors should note that Ms. Graziano's background and qualifications are incorporated by reference from the Company's 2018 Proxy Statement.
Key Highlights
- 1William B. Plummer, EVP & CFO, to retire on October 12, 2018.
- 2Jessica T. Graziano appointed as the new Chief Financial Officer, succeeding Mr. Plummer.
- 3Mr. Plummer will continue in an advisory capacity until January 31, 2019.
- 4Accelerated vesting of certain restricted stock units for Mr. Plummer upon retirement.
- 5Ms. Graziano's qualifications are referenced from the Company's 2018 Proxy Statement.
- 6No disclosed family relationships or significant transactions (Item 404(a)) involving Ms. Graziano and current officers/directors.
- 7An amendment to the 8-K will be filed to disclose any material agreements related to Ms. Graziano's appointment.