01—Abstract
Summary
Summary of the 8-K filed June 14, 2022. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) has filed an 8-K report on June 14, 2022, to announce a significant executive transition.
Jessica Graziano will be stepping down as Executive Vice President and Chief Financial Officer (CFO) on July 29, 2022. This departure marks a change in leadership for the company's financial operations. In response to Ms. Graziano's resignation, Ted Grace, currently the Vice President and Head of Investor Relations, will assume the role of interim CFO effective July 29, 2022.
Mr. Grace will continue to manage investor relations concurrently while the company initiates a search for a permanent CFO. This interim appointment aims to ensure continuity in financial leadership during the transition period.
02—Key points
Key Highlights
- Jessica Graziano resigns as Executive Vice President and Chief Financial Officer (CFO) effective July 29, 2022.
- Ted Grace, VP and Head of Investor Relations, appointed interim CFO, effective July 29, 2022.
- Mr. Grace will continue to serve as Head of Investor Relations while acting as interim CFO.
- The company is initiating an executive search process for a permanent CFO.
- The announcement was made via a press release furnished as Exhibit 99.1 to the 8-K filing.
- No undisclosed arrangements or transactions are noted for Mr. Grace's appointment.
03—Questions
Frequently Asked Questions
Why is the current CFO, Jessica Graziano, leaving United Rentals?
The 8-K filing states that Jessica Graziano will resign as Executive Vice President and Chief Financial Officer. Specific reasons for her departure are not detailed in this filing.
Who will be the interim CFO and what is their background?
Ted Grace, the current Vice President and Head of Investor Relations, will serve as the interim CFO. He joined United Rentals in 2016 and has a background in investor relations.
Will Ted Grace continue to manage investor relations while he is interim CFO?
Yes, the filing explicitly states that Mr. Grace will continue to serve in his current role as Head of Investor Relations while also acting as interim CFO.
What is the timeline for finding a permanent CFO?
The filing indicates that the company will undertake an executive search process to find a permanent CFO, but it does not provide a specific timeline for the completion of this search.
04—Continue