Mobile Mini appoints Erik Olsson president and CEO
By Mobile Mini
May 10, 2013–Mobile Mini has announced that Erik Olsson has been named president and CEO. He is also joining the company’s board of directors, restoring the board to eight members. Most recently, Olsson, 50, was president, CEO and a director of RSC Holdings from 2006 until the company’s acquisition by United Rentals in April 2012.
By Mobile Mini
May 10, 2013 – Mobile Mini has announced that Erik
Olsson has been named president and CEO. He is also joining
the company’s board of directors, restoring the board to eight members. Most
recently, Olsson, 50, was president, CEO and a director of
RSC Holdings from 2006 until the company’s acquisition by United Rentals in
“Erik Olsson is a tremendous addition to Mobile Mini. His proven track record
in the equipment rental industry, strong global management experience and
disciplined focus on operational excellence are aligned with our strategic
goals,” stated Michael Watts, board chairman of Mobile Mini. “We are very
pleased to welcome him and look forward to his leadership as we position the
business for long-term success.”
During Olsson’s tenure as CEO, RSC became a premier provider of rental
equipment in North America, servicing the industrial and non-residential
construction markets. Over the five years prior to its acquisition in 2012, the
company averaged double digit revenue growth, delivered EBITDA margins in the
mid-to-high 40s and generated strong free cash flow resulting in more than $1
billion in debt reduction. Olsson also led RSC’s 2007 IPO and successful sale
in 2012 creating significant gains in shareholder value.
Previously, Olsson served as RSC’s COO and CFO.
“I am honored to join Mobile Mini and its employees to serve the company, shareholders
and customers in this new role,” said Olsson. “Mobile Mini is a world class organization
with a solid foundation for future growth. This is a testament to a great business
model and dedicated high caliber employees. I look forward to working with the
team to realize the key objectives of future growth and enhanced shareholder value.”
Olsson began his career at Atlas Copco Group, where he held several senior
financial management positions in Sweden, Brazil and the United States,
including chief financial officer for Milwaukee Electric Tool Corporation from
1998 to 2000. He holds a degree in business administration and economics from
the University of Gothenburg.