United Rentals Names Ted Grace Executive VP and CFO
United Rentals has named Ted Grace executive vice president and chief financial officer, effective November 3, 2022. Grace has served as interim chief financial officer of United Rentals since July 29 and as the company’s primary investor contact since 2016.
Matthew Flannery, CEO of United Rentals, said, "Following a thorough search process, it became clear that Ted is the right executive to lead our finance team and financial strategies as CFO. He’s a strong, collaborative partner to our functional teams, and has demonstrated a deep understanding of our operating environment and financial markets. I look forward to continuing to work closely with Ted in executing on the many opportunities we see ahead."
Before his appointment as CFO, Grace served six years as United Rentals’ vice president and head of investor relations and has been an integral leader across all aspects of the finance function during his tenure. He has built enduring relationships with the investment community over the course of his career, including two decades as an investment banker and research analyst with leading institutions.
United Rentals, No. 1 on the RER 100, is headquartered in Stamford, Conn.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.