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April 2006 issue of
Rental Management
United names Welch as new CFO
04/01/2006
United Rentals, Greenwich, Conn., has appointed Martin Welch as executive vice president and chief financial officer. Welch has served as interim CFO since September.

“Immediately upon joining us in 2005, Marty Welch delivered strong financial leadership,” said Wayland Hicks, United CEO. “His talents for establishing robust finance organizations and effective controls continue to be crucial as we work expeditiously to complete our financial statements for 2004 and 2005.”

Welch has spent more than three decades in financial management for public and private companies. Prior to United Rentals, he most recently served as director and business advisor to the private equity firm, York Management Services. Welch joined Kmart Corp. as CFO in 1995 and served in that capacity until 2001.

Welch served as chief financial officer for Federal-Mogul Corp. from 1991 until 1995. He held various finance positions at Chrysler Corp. from 1982 to 1991, including chief financial officer for Chrysler Canada.

Welch began his career in 1970 at Arthur Young (now Ernst & Young), and is a certified public accountant. He holds a Bachelor of Science degree in accounting and a Master of Business Administration in finance, both from the University of Detroit Mercy, where he also serves as a member of the board of trustees.

The previous CFO, John Milne, had been fired from the company for refusing to answer questions posed by a special committee conducting an internal review of past accounting practices.





 

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