United Rentals board rec­og­nized

Stamford Advocate - - Business - By Paul Schott [email protected] scni.com; 203-964-2236; twit­ter: @ paulschott

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.

Ted Horowitz / Con­trib­uted photo

Jenne Britell is chair­woman of the United Rentals Board of Di­rec­tors.

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