RSC Holdings Inc. (NYSE:RRR) announced today that it has appointed David Mathieson to the position of Senior Vice President and Chief Financial Officer. Mr. Mathieson is expected to assume his duties on January 2, 2008, and succeeds Keith Sawottke, who has resigned to pursue other opportunities.
“We appreciate Keith’s contribution to RSC and the role he played over the past six years as we transitioned from a private company to a public company. We wish him all the best in his future endeavors, and we are pleased that he will assist the Company in making a smooth transition,” said Erik Olsson, President and CEO of RSC.
Mr. Mathieson, 53, brings to RSC more than 30 years of diversified financial management experience, encompassing public offerings, reporting, compliance, investor relations and mergers and acquisitions. Most recently, he was Senior Vice President and Chief Financial Officer of Milwaukee-based Brady Corporation (NYSE:BRC), a position he has held since 2003. Prior to joining Brady in 2001, Mr. Mathieson had a 20 year career with Honeywell International Inc. (NYSE:HON), in the U.S. and in several European countries, last serving as Vice President and Chief Financial Officer, Honeywell EMEA in Brussels, Belgium.
“David is a seasoned CFO with an impressive track record, combining a distinguished career in public company finance and accounting with operational, strategic planning, and mergers and acquisitions experience. We believe David’s proven leadership skills will enhance our ability to take advantage of the significant potential we see in our markets, where customer demand remains strong and our business model continues to drive growth,” commented Mr. Olsson. “We look forward to welcoming David to both our excellent finance organization as well as our talented senior management team.”
Mr. Mathieson is a Fellow of the Chartered Management Accounting Institute in the U.K. and studied for this qualification at Glasgow College of Commerce and Glasgow Caledonian University. He is a member of the Board of Directors of Tennant Company (NYSE:TNC).
About RSC Holdings Inc. (NYSE:RRR) and RSC Equipment Rental, Inc.
Based in Scottsdale, Ariz., RSC Holdings Inc. is the holding company for the operating entity, RSC Equipment Rental, Inc., which is one of the largest equipment rental providers in North America servicing the non-residential construction and industrial markets with an original equipment fleet cost of $2.7 billion. RSC offers superior levels of equipment availability, reliability and service to customers through an integrated network of more than 470 rental locations across 39 states in the United States and in four Canadian provinces. With more than 5,400 employees committed to continuous safety and 24x7 customer care, RSC delivers the loyal customer support needed to build the future. Additional information about RSC is available at www.RSCrental.com.
Forward-Looking Statements
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 and are subject to uncertainty and changes in factual circumstances. The forward-looking statements herein include statements regarding the company’s future financial position, business strategy, plans and objectives of management for future operations. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “will,”“remains,” “intend,”“estimate,” “anticipate,”“believe” or “continue” or the negative thereof or variations thereon or similar terminology. Actual results and developments may therefore differ materially from those described in this release.
The Company cautions you therefore that you should not rely unduly on these forward-looking statements. You should understand the risks and uncertainties discussed in “Risk Factors” and elsewhere in the Company’s final prospectus dated May 22, 2007 on Form 424B4, relating to the initial public offering of its common stock, as filed with the United States Securities and Exchange Commission, or the “SEC,” could affect the Company’s future results and could cause those results or other outcomes to differ materially from those expressed or implied in the Company’s forward-looking statements.
Contacts:
Investor/Analyst Contact:
Lynn Morgen/Betsy
Brod, 212-750-5800
Media Contact:
Chenoa Taitt, 212-223-0682
