Tag Archives: RSC
Mobile Mini Announces Chief Operating Officer Transition
By Business Wirevia The Motley Fool
Filed under: Investing
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
HUFFPOST HILL – This Year In Jerusalem!
By The Huffington Post News Editors
Per the United Nations, today is the first International Day of Happiness, though we’re not sure if that’s possible on the ten-year anniversary of the war in Iraq while White House tours are suspended. The Tea Party Caucus has been inactive for months, though its members would prefer the lapse be considered a temporary reduction in the size of government. And the president’s limousine broke down in Jerusalem, meaning it’s only a matter of time until Uber becomes a government contractor. This is HUFFPOST HILL for Wednesday, March 20th, 2013:
SENATE PASSES CR, DELAYS GOVERNMENT SHUTDOWN FOR SUPER LONG TIME (SEPTEMBER!!!!) – Also, it’s a terrible piece of legislation. Mike McAuliff and Sabrina Siddiqui: “The U.S. Senate passed a bill Wednesday to keep the federal government running after March 27, approving a six-month spending bill that adds to the unpopular cuts of “sequestration.” The $984 billion “continuing resolution” passed 73 to 26. It makes additional across-the-board cuts of 1.9 percent to 2.5 percent to various categories of spending on top of the $85 billion in cuts mandated by the Budget Control Act of 2011 — the infamous deal that created the failed supercommittee and the resulting budget sequestration that slices $1.2 trillion over a decade. Lawmakers on all sides have hammered the blunt cuts as ‘stupid’ and ‘irresponsible’, yet resorted to the same strategy in this new funding measure because they have been unable to agree on anything else. A congressional source familiar with the negotiations — speaking freely on the condition of anonymity — explained that when the six-month bill was originally agreed to in principal last fall, all sides expected that the sequester would be replaced. But sequestration remains, and under the Budget Control Act, Congress had to spend less over the rest of this year than the original agreement contemplated.” The House is expected to vote tomorrow. [HuffPost]
Meanwhile in the House, shenanigans of the highest order: “Democrats voted present to force more Republicans to vote against the Republican Study Committee’s (RSC) budget. Democrats hoped that by getting their members to vote present instead of against the budget, it might be approved by the House. That would have allowed Democrats to train their campaign ads on the RSC budget, which would boost the Social Security age to 70 and cut Medicare benfits, including for people now 59 years old. The RSC blueprint would balance the budget in four years. Only 14 Democrats voted against the RSC budget, along with 118 Republicans.” [The HIll]
Mobile Mini Appoints Erik Olsson President & CEO
By Business Wirevia The Motley Fool
Filed under: Investing
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
House Conservative Leader Gives Al Jazeera Deal A Pass
Rep. Steve Scalise, a Republican from Louisiana who is the new chairman of the Republican Study Committee (RSC), believes Al Jazeera has a First Amendment right to expand its broadcasts in the United States and that a congressional investigation of Al Gore’s deal with the channel is not warranted.
Scalise, a self-described “staunch conservative,” is the new chairman of the RSC, which is the “caucus of House conservatives.” His action makes it increasingly unlikely that the House will exercise any oversight of Al Gore’s controversial sale of his Current TV channel to the mouthpiece of the Muslim Brotherhood.
The buyer is the Middle Eastern regime of Qatar, which owns Al Jazeera. The Qatar regime advertises itself as “America’s Strongest Partner in the Gulf” but has supported terrorist groups such as al Qaeda, Hezbollah, and Hamas. Osama bin Laden aide and 9/11 mastermind Khalid Sheikh Mohammed, who is currently in U.S. custody in Guantanamo Bay for acts of terrorism, lived and worked in Qatar but was allowed to leave for Pakistan as U.S. authorities were trying to apprehend him, according to the report of the 9/11 commission.
In Pakistan, Mohammed planned 9/11 and decapitated Wall Street Journal reporter Daniel Pearl, who was kidnapped while investigating the al-Qaeda networks in the Middle East.
Sarah E. Makin, Director of Conservative Coalitions and State Outreach at the House Republican Study Committee, told this journalist on Tuesday afternoon that she received an explanation of Scalise’s position on the Al Jazeera deal after consulting with aides to the congressman.
Conservatives had been asking Scalise to support an investigation on the grounds that a foreign-funded channel based in the Middle East, with a reputation for airing terrorist propaganda, should be examined for its ties to terrorist groups.
Foreigners are entitled to First Amendment protections in the United States, except when they run afoul of existing laws and engage in criminal or terrorist activities.
By offering the First Amendment excuse in favor of the deal, Scalise is ignoring the evidence that Al Jazeera is not a legitimate news operation but rather a conduit for propaganda from terrorist groups, with whom it has intimate and ongoing relations.
In the United States, it is against the law to provide material support to terrorists, with “material support” defined as including expert advice or assistance and communications equipment.
In World War II, Tokyo Rose and Axis Sally broadcast their anti-American diatribes from overseas and were apprehended by U.S. authorities after the war and sent to prison for treason. In the more shocking Al Jazeera case, the U.S. is officially still at war with global terrorism, but Al Gore is giving the channel a base of operations on American soil with access to 40-50 million homes.
Although it will be called “Al Jazeera America,” the channel will still be totally controlled and funded by the government of Qatar, which doesn’t permit freedom of the press in its own country.
Existing federal law requires that foreign propaganda broadcasts in the U.S. be labeled as such, a provision of the Foreign Agents Registration …read more
Source: FULL ARTICLE at Western Journalism
Innovations in soil science will grow the solutions to global food security
A report published by the RSC says that innovative research in soil science will be fundamental in overcoming the growing threat of global food and fuel crop shortages as the world’s population continues to increase.
Source: FULL ARTICLE at Phys.org