Durante Rentals announced that Tony Piombino has joined the company as its chief financial officer. He will replace Chris Jones, one of the original founders and Durante’s CFO since its inception in 2009. Jones will remain on the company’s board of directors.
Piombino comes to Durante Rentals with 15 years of CFO experience and 25 years of financial management experience in the manufacturing, service, and medical device sectors. Most recently, Piombino was the CFO of a medical products and services company where he strategically implemented initiatives to reduce costs, improve efficiencies and increase profitability. His professional background includes executive financial positions with both privately held and private equity invested portfolio companies.
“I am thrilled to be joining the Durante team,” said Piombino. “Chris has created a solid foundation and assembled a group of hardworking employees that I can quickly leverage with few changes. I look forward to working with him during this transition. I am confident in this leadership team, our brand and our value proposition. We will be making strategic investments in fleet and information technology in the immediate future. This will allow Durante to grow market share and further improve the customer experience by offering a best-in-class product and excellent service at a fair price.”
Piombino will report directly to CEO Anthony Durante and will lead the finance, accounting, human resources and information technology departments. At the same time, he will work closely with sales and operations in order to support the growth of the company while improving profitability and reducing working capital.
“Tony is a perfect addition to our executive team and has a great blend of financial, operational and strategic experience,” said Durante. “We are actively looking for new locations and acquisitions from Boston to Washington, D.C., and Tony will play an integral role with these initiatives as we look to double the size of our company within the next 18 months.”
Piombino has a B.S. in Accounting from the University of Scranton and an M.B.A. from Centenary College.
Based in Mt. Vernon, N.Y., Durante Rentals is No. 85 on the RER 100.
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.