PEOPLE & EVENTS
62
ACT
DECEMBER 2013
2013
SC&RA Webinar
Dec 11, 2013
Construction Industry
Economic Outlook (with
emphasis on crane, rigging
and specialized transportation)
Chris Sleight, Editor,
International Construction
Magazine
2014
SC&RA Board and
Committee Meetings
Jan 5-8, 2014
Park City, UT
2014 AED Summit &
CONDEX
Jan 15-17, 2014
Hilton Americas Houston/
George R. Brown
Convention Center
Houston, TX
World of Concrete
Jan 21-24, 2014
Las Vegas, NV
ConExpo-Con/Agg
March 4-8, 2014
Las Vegas, NV
SC&RA 2014
Specialized
Transportation
Symposium
March 19-21, 2014
Houston, TX
SC&RA 2014 Annual
Conference
April 22-26, 2014
Boca Raton, FL
International Cranes
& Transport
Turkey Conference
May 8, 2014
Istanbul, Turkey
Essex Rental
president and
CEO Ronald
Schad to resign
Ron Schad has resigned as
president and CEO of Essex
Rental Corp. The board of
directors has begun the search
for a successor, and Schad
will remain as CEO until a
replacement is appointed.
In the search for a
replacement an executive
recruiting firm and the
Essex Board of Directors will
assess internal and external
candidates, the company said.
Schad will continue to serve
on Essex’s Board of Directors
and will remain a significant
stockholder of Essex, the
company said.
Schad joined Essex in 2000
and has served as the CEO for
more than 13 years. During
his tenure, Essex has expanded
both its market position
and product offerings in the
North American construction
industry, the company said.
“I am pleased with the
accomplishments of Essex
Rental Corp.,” Schad said. “I
am especially proud to have
worked with our dedicated
employees who are focused
on serving our customers
and building value for our
shareholders. As a public
company with a tremendous
foundation of people and
assets, we are uniquely
positioned to grow our
company’s offering to our
customers. It is with this in
mind that I have decided it
is an opportune time for me
to consider my next steps
and professional future. I see
great upside for this company,
and believe that the time is
right for a new CEO to build
upon the strategies we have
developed to drive our growth
opportunities.”
Schad’s resignation comes
after the release of down
third-quarter financial results
for Essex Crane Rental on
November 5. Equipment rental
segment revenue was $14.4
million for the three month
period ended September 30,
2013 versus $17.3 million
for the same period in 2012.
Equipment rental segment
revenue includes rental,
transportation and used rental
equipment sales.
The company said the
$2.9 million decrease is
primarily driven by a $1.9
million decrease in used
rental equipment sales and
an $800,000 decrease in
equipment rental revenue.
Used rental equipment sales
in the third quarter of 2012
included approximately
$300,000 associated with
aerial work platform units,
which Essex completed the
divestiture of in January 2013.
The decrease in equipment
rental revenues was driven
by a decrease in utilization
for rough terrain, boom
truck and tower crane fleets,
partially offset by an increase
in utilization of crawler crane
equipment, the company said.
For more on the financial
report and Schad’s resignation,
visit
■
EVENTS DIARY
■
The American Association
of State Highway and
Transportation Officials
Board of Directors voted at
its annual meeting to elect
Kentucky Transportation
Cabinet (KYTC) secretary
Mike Hancock
as the
association’s president.
John Cox
, director of the
Wyoming Department of
Transportation (WYDOT),
was elected AASHTO vice
president. As president,
Hancock will emphasize
three areas: Updating the
AASHTO Strategic Plan;
promoting innovation as it
relates to state DOT and
industry practices; and
participating directly in
AASHTO’s effort to pass the
next surface transportation
reauthorization bill.
■
Talbert Manufacturing
has hired
Jennifer
Koepke
as its sales
manager for its west region.
Koepke works directly
with Talbert dealers in the
western United States
and Canada to help them
market, specify and sell
Talbert trailers to meet
their customers’ application
needs. Koepke brings many
years of equipment and
trailer experience to her
new role, including positions
in business leadership,
management, sales,
marketing and economic
development. Most recently,
she was the general
manager at Sidump’r Trailer
in Plainview, NB.
■
Scott Powerline and Utility
Equipment has announced
the hiring of
Mick Gerber
as its account manager
for the Mid-Atlantic and
Northeastern portions of
the United States. Prior
to joining Scott Powerline,
Gerber was employed with
NESCO where he worked in
sales and rentals as well as
equipment procurement for
NESCO’s rental fleet.
HIGHLIGHTS
Ron Schad has resigned as
president and CEO of Essex
Rental Corp.
