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8-K - PRIMARY DOCUMENT - General Finance CORP | form_8k.htm |
EXHIBIT 99.1
General Finance Corporation to Promote Jody Miller to Chief
Executive Officer
PASADENA,
CA – June 15, 2017 – General Finance Corporation
(NASDAQ: GFN), a leading specialty rental services company offering
portable storage, modular space and liquid containment solutions in
North America and in the Asia-Pacific region of Australia and New
Zealand, today announced that effective January 1, 2018, Jody
Miller will become President and Chief Executive Officer of General
Finance Corporation (the “Company”). He will be
assuming responsibility for global operations, with Ronald F.
Valenta becoming the Company’s Executive Chairman of the
Board of Directors, primarily focused on strategy and growth. Mr.
Miller will also join the Board of Directors later in the year,
restoring the Company’s board to seven members. He had
initially been with the Company as a consultant for two years,
overseeing two of the Company’s subsidiaries. In July 2015,
Mr. Miller was promoted to Executive Vice President of the Company
and Chief Executive Officer of GFN North America Leasing
Corporation, and then last year as President of the
Company.
Mr.
Miller, age 50, will assume responsibility for the Company’s
worldwide operations, capital procurement and allocation, and will
report directly to Mr. Valenta.
“Having
known Jody for over a decade, I can unequivocally say he is a
tremendous asset to the Company, and this is a very well deserved
promotion,” said Mr. Valenta. “He has an extremely
successful track record in the portable services and equipment
rental sectors. Jody is well respected in the industry, in our
Company and even by our competitors. He has accumulated strong
global management expertise and is very disciplined and focused on
our strategic goals. We look forward to his continued commitment
and leadership.”
“I
have very much enjoyed my time at General Finance Corporation and
look forward to serving this exceptional Company, its shareholders
and its customers,” said Mr. Miller. “Together we have
built a great culture with a strong foundation positioned for
growth. Our dedicated and hard-working employees continue to
execute our time tested business model.”
Prior
to joining the Company, Mr. Miller spent over 25 years in the
equipment rental industry, including at Mobile Mini, Inc. as
Executive Vice President and Chief Operations Officer for five
years; at Mobile Storage Group, Inc. as Senior Vice President for
five years; and at RSC Holdings, Inc., as Regional Vice President
for seven years. Prior to that, he worked in smaller rental
businesses in various leadership roles. Mr. Miller is a 1990
graduate of Central Missouri State University.
About General Finance Corporation
Headquartered
in Pasadena, California, General Finance Corporation (NASDAQ: GFN,
www.generalfinance.com)
is a leading specialty rental services company offering portable
storage, modular space and liquid containment solutions.
Management’s expertise in these sectors drives disciplined
growth strategies, operational guidance, effective capital
allocation and capital markets support for the Company’s
subsidiaries. The Company’s Asia-Pacific leasing operations
in Australia and New Zealand consist of majority-owned Royal Wolf
Holdings Limited (www.royalwolf.com.au),
the leading provider of portable storage solutions in those
countries. The Company’s North America leasing operations
consist of wholly-owned subsidiaries Pac-Van, Inc. (www.pacvan.com)
and Lone Star Tank Rental Inc. (www.lonestartank.com),
providers of portable storage, office and liquid storage tank
containers, mobile offices and modular buildings. The Company also
owns Southern Frac, LLC (www.southernfrac.com),
a manufacturer of portable liquid storage tank containers and other
steel-related products in North America. Royal Wolf’s shares
trade under the symbol “RWH” on the Australian
Securities Exchange.
Investor/Media Contact
Larry
Clark
Financial
Profiles, Inc.
(310)
622-8223