Mobile Mini appoints Erik Olsson as CEO
By Murray Pollok19 March 2013
US-based portable storage rental company Mobile Mini Inc has appointed former RSC chief executive officer Erik Olsson as its president and chief executive officer.
Mr Olsson was CEO of RSC from 2006 until April this year, when he left the company following its acquisition by United Rentals. He succeeds Steve Bunger, who stepped down as Mobile's CEO at the end of 2012 after almost 30 years with the company.
"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," said Mike 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."
Over the five years before its acquisition in 2012, RSC averaged double digit revenue growth and reported EBITDA margins in the mid-to-high 40s. Mr Olsson led RSC's 2007 IPO, and before becoming CEO served as RSC’s COO and CFO.
Mr Olsson said; “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 calibre employees. I look forward to working with the team to realise the key objectives of future growth and enhanced shareholder value."
Mobile Mini has a rental fleet of approximately 235000 portable storage and office units with 136 locations in the US, UK, Canada and The Netherlands. Its revenues for 2012 were US$381 million, an increase of 5.5% over 2011.