Corporate report

CHARLOTTE-LEE-COLLIER
Hertz Equipment names chairman
Herbert Henkel, retired chairman and CEO of Ingersoll Rand, has been named non-executive chairman of the equipment-rental business of Hertz Global Holdings.

Hertz is preparing to separate Hertz Equipment Rental Corp. as a standalone, publicly traded company later this year. The division is one of the largest equipment rental businesses in North America, primarily serving the construction, industrial, oil, gas, entertainment and government sectors.

“Herb Henkel has had a long and distinguished career in the equipment business,” says John Tague, Hertz president and CEO, in a statement. “His experience, insight and guidance will be invaluable to HERC as it continues to transform its business.”