United Rentals board recognized
Equipment-rentals giant United Rentals, which has the most women board members among Connecticut Fortune 500 companies, has earned national recognition for its female leadership.
Board Chairwoman Jenne Britell and fellow board members Terri Kelly, Kim Harris Jones and Gracia Martore were named this week to the 2018 Most Influential Corporate Directors list of WomenInc., a multimedia platform focused on women in business.
Among the 16 Connecticut firms that made this year’s Fortune 500, Stamford’s United, Synchrony and The Hartford are the only three with one- third female representation on their boards.
United and Norwalk’s Frontier Communications are the only two of the 16 to have a chairwoman.
Britell, an adviser with Manhattan-based Brock Capital Group and former executive vice president at GE Capital, has served as United’s chairwoman since 2008.
Jones and Kelly joined the board this year; Martore was elected last year.
“A board with diversity has an expanded perspective, and it enhances the tendency to foster di- versity throughout an organization,” Britell said in a recent interview. “A diverse board is going to encourage a company’s leadership to ask different kinds of questions, such as why there aren’t more women and minorities in a company, especially in leadership positions.”
United’s third- quarter profits soared 67 percent, to $ 333 million, reflecting the U.S. tax reform passed last year that lowered the company’s corporate tax rate from 35 percent to 21 percent.
Revenues for the past three months reached $ 2.1 billion, up about 20 percent from the same period in 2017.
Acquisitions are crucial to the growth of United, which is based in the First Stamford Place office complex in the city’s Waterside section.
In September, it announced it would buy equipment-rental company, BlueLine, for $ 2.1 billion. In July, the company acquired liquidmanagement firm BakerCorp International Holdings for $ 715 million.
Jenne Britell is chairwoman of the United Rentals Board of Directors.