Atlas Copco: Erik Olsson new President for Atlas Copco's Rental Service business area.STOCKHOLM, Sweden -- Effective today, Erik Olsson, Vice President Operations for the Rental Service Business Area and COO of Rental Service Corporation, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , has been appointed President for the Rental Service business area and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Rental Service Corporation. Erik Olsson, who replaces Tom Zorn, started his career in Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. in 1988, and has served the Atlas Copco Group in many positions, including senior financial positions in Sweden, Brazil, and the United States. He was divisional controller at Milwaukee Electric Tool Corporation before joining Rental Service as business area controller and CFO See Chief Financial Officer. in 2001. Olsson has been in his current position since March 2005. "Erik Olsson has contributed significantly to the tremendous development of the rental business during the past years. He is a strong and well-respected leader, with solid experience of doing business in the U.S.," says Gunnar Brock, President and CEO of the Atlas Copco Group. Erik Olsson has a B.Sc. in Business Administration and Economics from the University of Gothenburg, Sweden. The appointment of a new business area president has no bearing on Atlas Copco's decision earlier this year to divest the Rental Service business area. The process continues in line with all earlier communications. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2005, Atlas Copco had 27 000 employees and revenues of BSEK 53 (MEUR MEUR Million Euros 5 600). Learn more at www.atlascopco.com. Atlas Copco's Rental Service business area provides equipment rental and related services to customers in the construction, industrial manufacturing, and homeowner segments. Sales of used equipment, spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. , accessories, and merchandise support the business. The business area has two brands: RSC RSC Royal Society of Chemistry (UK) RSC Royal Shakespeare Company RSC Responsabilidad Social Corporativa (Spanish: corporate social responsibility) RSC Royal Society of Canada Equipment Rental serves the general equipment rental market for construction and industrial customers, while Prime Energy provides oil-free air, generator and temperature-control services to a broad range of industries. The business area has around 465 rental stores in the United States, Canada and Mexico. More information is available on www.rentalservice.com. This information was brought to you by Waymaker http://www.waymaker.net |
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