12/15/2021 Business Wire
Written by Business Wire
Herc Holdings Inc., a leading North American equipment rental supplier operating through Herc Rentals Inc., announced that its Board of Directors has elected MechSE alumnus Rakesh Sachdev (MSME ’81) to serve as a director on the board, effective December 2, 2021.
Sachdev is former chief executive officer of two publicly held corporations: Platform Specialty Products, a global specialty chemicals business, and Sigma Aldrich, an S&P 500 life sciences and biotechnology firm. Currently a senior advisor with New Mountain Capital, Sachdev also served in the past as a board member and chairman of the Federal Reserve Bank of St. Louis. Sachdev’s career also includes nearly two decades of global finance and operating leadership roles in industrial businesses Arvin Meritor, Inc. (now Meritor, Inc.) and Cummins Inc.
Sachdev serves as the chairman of the board of Regal Rexnord Corporation and also serves on the boards of Axalta Coating Systems, LLC, and Edgewell Personal Care LLC. He holds a bachelor’s degree in mechanical engineering from the Indian Institute of Technology; a Master of Science degree in mechanical engineering from the University of Illinois; and an MBA from Indiana University.
“I am pleased to welcome Rakesh to Herc Holdings’ board,” said Patrick D. Campbell, chairman of the board. “Rakesh brings extensive leadership experience across a diverse range of businesses and outstanding expertise in finance, strategy and operations. We look forward to his immediate contributions to the company’s success.”
About Herc Holdings Inc.
Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is one of the leading equipment rental suppliers with approximately 300 locations in North America. With over 55 years of experience, it is a full-line equipment rental supplier offering a broad portfolio of equipment for rent. Its classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction and lighting. Herc Holdings’ 2020 total revenues were approximately $1.8 billion.