Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 12, 2018, United Rentals, Inc. (the “Company”) announced the appointment of Andrew Limoges as the Company’s Vice President, Controller and Principal Accounting Officer. Mr. Limoges will succeed Jessica T. Graziano as the Company’s principal accounting officer, effective immediately. Ms. Graziano assumed the role of Executive Vice President and Chief Financial Officer of the Company on October 12, 2018, as previously announced on the Company’s Current Report on Form8-K filed July 2, 2018.
Mr. Limoges, age 37, has served as the Company’s Director of Accounting and Finance since April 2017. Prior to joining the Company, Mr. Limoges was Group Controller of DMGT US from August 2016 to April 2017 and worked within the financial audit practice of Ernst & Young from July 2003 to July 2016, where he led teams that served a wide variety of public and private companies. Mr. Limoges, who is a certified public accountant, received a degree in business administration from the University of Vermont.
In connection with his appointment, the Company entered into an employment agreement with Mr. Limoges, effective October 12, 2018. If Mr. Limoges is terminated without “cause” (as defined in his employment agreement), he will be entitled to receive salary continuation payments for one year following his termination. Mr. Limoges is subject to indefinite confidentiality andnon-disparagement restrictions and12-month post-terminationnon-competition andnon-solicitation covenants.
The foregoing summary of Mr. Limoges’ employment agreement does not purport to be complete and is qualified in its entirety by reference to the agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form10-Q for the quarter ended September 30, 2018.
Mr. Limoges does not have any family relationships with any of the Company’s directors or executive officers and is not party to any transactions listed in Item 404(a) ofRegulation S-K.