New CEO for Hertz Equipment Rental Corp

From 1978–2008, Silber worked for Ingersoll Rand in a number of roles including leading its Utility Equipment, Rental and Remarketing and Equipment and Services businesses. Earlier in his career at Ingersoll Rand he led sales, marketing and operations functions in the company’s Power Tool Division and Construction and Mining Group.

Silber also headed up swimming pool equipment manufacturer Hayward Industries as COO from 2008 until 2012.

Since 2014, he has been an executive advisor at Court Square Capital Partners LLP. Silber is also a board member of SMTC Corp, a provider of end-to-end electronics manufacturing services, and for a time served as the company's interim president and CEO.

John Tague, president and CEO of HERC’s parent company Hertz Global Holdings Inc, said they were confident that Silber’s leadership and experience would reenergize HERC’s performance on the topline and in dollar value utilization.

Hertz Global Holdings is planning to separate its equipment and car rental businesses into two publicly traded companies.

“Given his deep set of experiences in the heavy equipment sector, we are excited to have Larry Silber lead HERC’s business transformation, while also helping us navigate through the HERC separation process,” added Tague.

“It’s an honour to join the Hertz team at this critical time in HERC’s history as it prepares for a future as an independent company,” said Silber. “We will position HERC for stronger, more diversified growth with the most efficient cost structure possible. HERC’s customers and investors should be confident that the company will be a long-term competitive and reliable force in the market.”