United Rentals Inc. announced that Jessica Graziano, executive vice president and chief financial officer, will be leaving the company on July 29, 2022, for another opportunity. Graziano joined the United Rentals finance organization in 2014 and was named chief financial officer in 2018. She will remain in an active role with United Rentals through July 29 to ensure a smooth transition to Ted Grace, who has been appointed interim chief financial officer.
Graziano plans to join United States Steel Corp., which announced this week that she will join the company as senior vice president and chief financial officer effective August 8. Graziano will report directly to David Burritt, president and CEO, and have responsibility for all aspects of finance, including financial planning and analysis, corporate accounting, tax, treasury, pension investments and investor relations. She will also be instrumental in advancing the company’s “Best for All” strategy of “providing profitable steel solutions for people and planet.”
Grace joined United Rentals in 2016 as 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. Grace will continue to be the primary investor contact as interim chief financial officer and will serve in this dual role while the company undertakes an executive search process.
A seamless transition, Flannery says
“We expect this to be a seamless transition between two seasoned executives who have worked closely together for years, underpinned by a robust finance organization,” said United Rentals CEO Matthew Flannery. “Ted is well versed in areas of the business that relate to his expanded responsibilities as interim CFO. In addition, he will ensure that our investors have continuity of access to management. I want to thank Jess for her exemplary leadership during a period of significant growth for United Rentals, as well as intense macro disruption — all successfully navigated with a strong financial strategy and effective capital management. We wish Jess every success with her next opportunity."
United Rentals Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,301 rental locations in North America, 13 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company operates in 49 states and every Canadian province. Based in Stamford, Conn., United Rentals is No. 1 on the RER 100.