Tag Archives: Erik Olsson

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Mobile Mini Announces Chief Operating Officer Transition

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By Business Wirevia The Motley Fool

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Mobile Mini Announces Chief Operating Officer Transition

Phillip H. Hobson Appointed Executive Vice President, Operations

TEMPE, Ariz.–(BUSINESS WIRE)– Mobile Mini, Inc. (NASDAQ GS: MINI) today announced that Chief Operating Officer Jody Miller has decided to leave the Company at the end of April. The Company has appointed Phillip H. Hobson as Executive Vice President, Operations to succeed Mr. Miller. Mr. Hobson previously served as Senior Vice President, Operations-Northern Division at RSC Holdings Inc. until it was acquired by United Rentals, Inc. in April 2012.

Mr. Hobson, age 46, will assume responsibility for the Company’s North American operations as of April 11th and will report to Erik Olsson, President and Chief Executive Officer.

“Phil has a long and successful track record in the rental industry and we are very pleased he has accepted this crucial role with Mobile Mini,” said Mr. Olsson. “Phil has demonstrated experience in sharpening operating focus and achieving strong sustained financial growth, which has earned him a well deserved reputation for excellence. Combining his experience with the Company’s proven business model will produce significant opportunities for creating value for shareholders, servicing our customers, and engaging our employees.”

Mr. Hobson served as RSC’s Senior Vice President, Operations-Northern Division from 2009 until 2012, during which he was responsible for over $700 million in annual total revenues, 190 rental locations across the Northern U.S. and Canada, 1,800 employees and $1.1 billion in rental assets. From 2007-2009, Mr. Hobson was RSC’s Senior Vice President, Corporate Operations where his duties included responsibility for marketing, IT, purchasing, fleet management, its customer care call center, operational excellence, national accounts and M&A. Mr. Hobson joined RSC in 1998 and served in various financial roles of increasing responsibility until becoming involved in operations in 2005.

Mr. Hobson is an economics graduate of the University of California at Santa Cruz.

“We have assured a smooth transition by having Phil and Jody work side by side for a period of time. On behalf of the Company I want to thank Jody for all his hard work, dedication and strong contributions over the years at Mobile Mini,” said Mr. Olsson. “We wish him all the best as he pursues the next phase of his career.”

About Mobile Mini

Mobile Mini, Inc. is the world’s leading provider of …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Mobile Mini Reports Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)

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By Business Wirevia The Motley Fool

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Mobile Mini Reports Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)

TEMPE, Ariz.–(BUSINESS WIRE)– Mobile Mini, Inc. (NASDAQ GS: MINI) today announced that in accordance with NASDAQ rules regarding employment inducement awards, Mobile Mini has granted equity compensation awards to Erik Olsson in connection with his employment as the Company’s President and Chief Executive Officer. Details of this grant were also previously disclosed in the Company’s Form 8-K filing dated March 20, 2013.

Mr. Olsson’s inducement awards consist of stock options in three separate tranches. The first tranche of stock options grants Mr. Olsson the right to purchase 1,000,000 shares of common stock at the closing market price as of March 18, 2013 of $28.27 per share. The vesting of these options is subject to the achievement of certain EBITDA and net debt targets in 2013, 2014 and 2015. The second tranche of stock options grant Mr. Olsson the right to purchase 500,000 shares of common stock at a price of $32.51, which represents a 15% premium to the closing market price as of March 18, 2013. The third tranche of options grant Mr. Olsson the right to purchase 500,000 shares of common stock at a price of $36.75, which represents a 30% premium to the closing market price as of March 18, 2013. In addition to the performance criteria required the first tranche, each of these tranches will vest over three years.

In granting these stock options, the Board focused on a number of factors, particularly the performance nature of the options. Substantially all of the elements of Mr. Olsson’s equity compensation were issued above current market prices or have vesting criteria that require the achievement of certain performance objectives. Additionally, Mr. Olsson’s annual cash bonus opportunity will also be based on the achievement of performance criteria defined by the Board. Thus, the Board believes that Mr. Olsson’s overall compensation package is heavily performance based and thus aligns him well with the shareholders of the Company.

The Compensation Committee of the Company’s Board of Directors granted the above awards on March 18, 2013 in accordance with NASDAQ Listing Rule 5635(c)(4).

About Mobile Mini

Mobile Mini, Inc. is the world’s leading provider of portable storage solutions. Mobile Mini is included on the Russell 2000® and 3000® Indexes and the S&P Small Cap Index. For more information visit www.mobilemini.com.

This news release contains forward-looking statements, particularly regarding the momentum of our business and our expectations …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Mobile Mini Appoints Erik Olsson President & CEO

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By Business Wirevia The Motley Fool

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Mobile Mini Appoints Erik Olsson President & CEO

TEMPE, Ariz.–(BUSINESS WIRE)– Mobile Mini, Inc. (NASDAQ GS: MINI) today announced that Erik Olsson has been named President and Chief Executive Officer. He is also joining the Company’s Board of Directors, restoring the Board to eight members.

Most recently, Olsson, 50, was President, Chief Executive Officer and a Director of RSC Holdings Inc. from 2006 until the company’s acquisition by United Rentals, Inc. in April 2012.

“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.

About Mobile Mini

Mobile Mini, Inc. is the world’s leading provider of portable storage solutions. Mobile Mini is included on the Russell 2000® and 3000® Indexes and the S&P Small Cap Index. For more information visit www.mobilemini.com

This news release contains forward-looking statements, particularly regarding the momentum …read more
Source: FULL ARTICLE at DailyFinance