Change at board level at McGrath

Photo: McGrath RentCorp via mobilemodularcontainers.com

US-based equipment rental company McGrath RentCorp has announced that Elizabeth A. Fetter is to leave her role on the board of directors. Fetter relinquished her role on August 1.

The company said Fetter, who joined the company in 2014, is leaving for personal reasons having served over ten years on the board.

Bradly M. Shuster, chairman of the board, said, “Liz was the first female independent director of the McGrath board and her insights as an experienced CEO brought fresh perspective to board discussions.

“She served as chair of the compensation committee for many years, actively worked to further diversify our board and contributed to the HR and compensation functions of our board. On behalf of the board and the company, I would like to thank Liz for her long service to McGrath and we wish her the best in her future pursuits.”

Fetter added, “I am proud to have served as a director of McGrath for more than a decade while working to help grow the company alongside my respected board peers, talented management team and dedicated employees. I have witnessed the company’s remarkable achievements and am excited for its future.”

The news of Fetter’s resignation comes just months after the company announced that it is to be acquired by its major competitor WillScot Holdings Corp (formerly WillScot Mobile Mini) in a US3.8 billion deal.

McGrath Rentcorp’s revenues in the 12 months to September last year were more than $770 million, while WillScot was a $2.3 billion revenue business in 2023. The deal is expected to close at some point in the fourth quarter of 2024