Hertz Equipment names chairman

ESTERO — Herbert Henkel, retired chairman and CEO of Ingersoll Rand, has been named non-executive chairman of the equipment-rental business of Hertz Global Holdings.

Hertz is preparing to separate Hertz Equipment Rental Corp. as a stand-alone, publicly traded company later this year. The equipment-rental division is one of the largest in North America, primarily serving the construction, industrial, oil, gas, entertainment and government sectors.

“Herb Henkel has had a long and distinguished career in the equipment business. His experience, insight and guidance will be invaluable to HERC as it continues to transform its business,” says John Tague, Hertz president and CEO, in a statement. “As a result of his executive roles and prior board positions at several Fortune 500 corporations, Herb will provide broad strategic oversight as board chairman as well as a deep understanding of board responsibilities and a focus on creating shareholder value.”