STAMFORD, Conn.–(BUSINESS WIRE)–United Rentals, Inc. (NYSE: URI) today announced that Francisco J. Lopez-Balboa has joined the company’s Board of Directors, effective immediately. His appointment brings the composition of the Board to 11 members, including nine independent directors.
Michael Kneeland, President of United Rentals, said, “Frank brings deep financial, leadership and operational expertise to our Board of Directors. He understands the dynamics of scale and customer service in a large, growth-oriented, networked company. We look forward to his strategic perspective as Director of United Rentals.
Mr. Lopez-Balboa is a global finance executive with more than three decades of leadership experience. He has served as Executive Vice President and Chief Financial Officer of Cumulus Media Inc. since March 2020. Prior to Cumulus, Mr. Lopez-Balboa was Executive Vice President and Chief Financial Officer of Univision Communications Inc. (now TelevisaUnivision), the leading media company serving Hispanic America. Previously, he was Managing Director of Goldman Sachs for over 20 years, specializing in the telecommunications, media and technology sector. He began his career in investment banking at Merrill, Lynch & Co.
Mr. Lopez-Balboa holds an MBA from Harvard University and a bachelor’s degree in economics from Columbia University, and is a recipient of the Columbia College Alumni Association’s John Jay Award for Distinguished Professional Achievement. He is a Trustee Emeritus of the Columbia University Undergraduate College Board of Visitors and a Trustee and Treasurer of St. Mark’s School in Massachusetts.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,331 rental locations in North America, 13 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company does business in 49 states and all Canadian provinces. The company’s approximately 21,600 employees serve customers in construction and industry, utilities, municipalities, landlords and others. The company offers approximately 4,400 classes of equipment for rent at a total upfront cost of $16.57 billion. United Rentals is a member of the Standard & Poor’s 500 Index, Barron’s 400 Index and Russell 3000® Index and is headquartered in Stamford, Connecticut. Additional information about United Rentals is available at unitedrentals.com.