Erik Olsson

Former RSC CEO Olsson Named CEO of Mobile Mini

March 19, 2013
Former RSC president and CEO Erik Olsson is the new president and CEO of Mobile Mini. He also joins the company’s board of directors.

Mobile Mini announced today that Erik Olsson, former president and CEO of RSC Equipment Rentals, has been named president and CEO. Olsson will also be joining the board of directors, restoring Mobile Mini’s board to eight members. Olsson was president, CEO and a director of RSC Holdings from 2006 until the company’s acquisition by United Rentals in April of last year.

Former RSC president and CEO Erik Olsson is the new president and CEO of Mobile Mini. He also joins the company’s board of directors.
During the five years prior to RSC’s acquisition by United Rentals, the company averaged double-digit revenue growth, delivering EBITDA margins in the mid-to-high 40s and generated strong free cash flow resulting in more than $1 billion in debt reduction. Olsson also led RSC’s 2007 IPO and sale in 2012, creating gains in shareholder value. Before becoming CEO, Olsson served as RSC’s chief operating officer and chief financial officer.

“Olsson is a tremendous addition to Mobile Mini,” said the company’s chairman Mike Watts. “His proven track record in the equipment rental industry, strong global management experience and disciplined focus on operational excellence are aligned with our strategic goals. We are very pleased to welcome him and look forward to his leadership as we position the business for long-term success.”

“I am honored to join Mobile Mini and its employees to serve the company, shareholders and customers in this new role,” said Olsson. “Mobile Mini is a world-class organization with a solid foundation for future growth. This is a testament to a great business model and dedicated high-caliber employees.”

Olsson, 50, began his career at Atlas Copco Group, where he held several senior financial management positions in Sweden, Brazil, and the United States, including chief financial officer for Milwaukee Electric Tool Corp. from 1998 to 2000. He holds a degree in business administration and economics from the University of Gothenburg, in Sweden.