October 15, 2001
Stockholm, Sweden, October 15, 2001 - Thomas Bennett, Senior Executive Vice President, Rental Service business area, will retire from this position effective December 31, 2001. He will continue to serve the Atlas Copco Group as an external board member of Rental Service Corporation.
“After almost 40 years of operations in this industry, I have decided to change role and spend more time with my family and private interests,” said Bennett, who has been considering this change for some time. “I am confident that through the merger of Prime and RSC, we established a solid foundation for a strong and efficient rental company. I look forward to participate in its development. ”
Giulio Mazzalupi, President and CEO of Atlas Copco AB, said, “Tom is a key player in the U.S. rental industry with incomparable experience. I am very pleased that he will serve on the Board of Directors of Rental Service Corporation.” In his new role, Bennett will continue to work with strategic issues, which has been his main focus during the past year. “Tom will also work with external relations on behalf of the company, and keep contacts with customers, suppliers and other business partners.”
Art Droege, a member of Atlas Copco’s Group management, continues in his position as President and Chief Operating Officer of Rental Service Corporation. With 25 years of experience from Atlas Copco’s operations in North America, Europe and Asia, Droege joined Rental Service in September 2000. He led the company’s reorganization earlier this year, which included reducing costs and restructuring into a flatter organization with fewer management layers.
Until a replacement is named, Mr. Mazzalupi will act as the Rental Service business area executive.
CONTACT: Thomas Bennett, Senior Executive Vice President, Rental Service Business Area
+1-281-647 5000, e-mail: [email protected]
Art Droege, COO and President, Rental Service Corporation
+1-480-905 3390, e-mail: [email protected]
Annika Berglund, Senior Vice President, Group Communications
+46-8-743 8070, e-mail: [email protected]
The Atlas Copco Group is a global industrial group of companies headquartered in Stockholm, Sweden. In 2000, the Group had revenues of US$5 billion, with 98 percent of revenues outside Sweden, and about 26,000 employees. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressed air equipment and generators, construction and mining equipment, assembly systems, and offer related services and equipment rental. More information is available on www.atlascopco-group.com. For more information about Rental Service, please look at www.rentalservice.com.