Investment banker joins RSC

RSC Equipment Rental, Inc. in the US has appointed Kevin Drumm to the new position of senior vice president - strategic development. Mr Drumm has 13 years' experience in investment banking, finance, and corporate law.

He was most recently a principal with investment bank Bank of America Securities LLC, where he was responsible for advisory and capital related banking as a member of the Diversified Industrials team. At that firm, he covered the equipment rental sector and served machinery and equipment, electrical products and general industrial clients.

Mr Drumm will assist RSC in achieving its long-term strategic goals through the identification, analysis and execution of potential acquisitions and partnerships that will enhance the company's position in current and target markets. He will report to Erik Olsson, president and chief executive officer, and will be based at the company's corporate headquarters in Scottsdale, Arizona.

"We are delighted to have Kevin join our management team in this important new role," said Mr Olsson. "Kevin brings considerable experience working with management teams to grow their businesses and has strong capabilities in the development of growth strategies. He also brings important experience in the equipment rental industry and his industrial focus will be of great value as we expand our leadership in the attractive industrial markets."

Mr. Drumm's professional experience includes the founding of Fox Hollow Advisors, a firm that provided transactional and advisory services to small and mid-market clients. Previously, he was with Goldman, Sachs & Co. as an investment banker in London and New York and with Cravath, Swaine & Moore as a corporate lawyer in New York. Mr. Drumm is a business and economics graduate of Cornell University and a graduate of the Harvard Law School.