Kim Harris Jones
UNITED RENTALSAbout Kim Harris Jones
Kim Harris Jones (age 65) has served on the United Rentals (URI) board since 2018 and is currently independent, chair of the Audit Committee and a member of the Compensation Committee . She is a former senior finance executive: SVP & Corporate Controller at Mondelez (2012–2015) and Kraft Foods (2009–2012), following 17 years at Chrysler (SVP & Corporate Controller, 2008–2009), and earlier roles at General Motors; she holds a BBA in accounting and an MBA in finance from the University of Michigan . The board has designated her an “audit committee financial expert” and she meets NYSE independence and the company’s categorical independence standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Mondelez International | SVP & Corporate Controller | 2012–2015 | Senior finance leadership during global operations |
| Kraft Foods Inc. | SVP & Corporate Controller | 2009–2012 | Oversight of accounting/reporting pre-spin into Mondelez |
| Chrysler LLC | Various leadership roles; SVP & Corporate Controller | 17 years; SVP 2008–2009 | Led finance amid significant corporate change |
| General Motors | Finance roles | 6 years | Early financial management experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| TrueBlue, Inc. | Director | Current | Public company board |
| Caesars Entertainment, Inc. | Director | Current | Public company board |
| Fossil Group, Inc. | Director | Oct 2019–Jul 2024 | Prior public board |
| Ethiopian North American Health Professionals Association | Board member | Current | Non-profit |
| Consortium for Graduate Study in Management | Finance committee | Current | Non-profit |
| Harris-Jones Charitable Gift Foundation | President/Chairman | Current | Non-profit |
Board Governance
- Committee assignments: Audit Committee Chair and Compensation Committee member ; AC met 6 times in 2024, CC met 4 times .
- Independence: Determined independent under NYSE and URI categorical standards; designated audit committee financial expert .
- Attendance: Board met 7 times in 2024; the company reported 100% attendance for each director except one unnamed director (88%); independent directors held 4 executive sessions .
- Lead Independent Director: Role exists; broader governance framework summarized in proxy .
Fixed Compensation
| Component | 2024 Amount | Details |
|---|---|---|
| Annual director retainer (cash) | $120,000 | Non-management director standard cash retainer |
| Audit Committee Chair fee (cash) | $25,000 | Chair premium for Audit Committee |
| Total cash fees (earned in 2024) | $145,000 | Fees earned/paid in cash for 2024 |
| Annual equity grant (RSUs) | $175,059 | 254 fully vested RSUs granted May 9, 2024, priced at $689.21; settlement deferred (generally after 3 years) |
| Director ownership guidelines | 5× annual cash retainer; all directors in compliance as of 12/31/2024 | No hedging or pledging allowed |
Performance Compensation
Directors do not have performance-tied pay; equity is granted as fully vested RSUs with deferred settlement.
| Grant Date | Instrument | Shares/Units | Fair Value / Price | Vesting / Settlement |
|---|---|---|---|---|
| May 9, 2024 | Fully vested RSUs | 254 | $175,059 total; $689.21 grant-date price | Fully vested at grant; settlement typically in 2027 (or earlier upon separation/change in control; subject to deferral) |
| May 8, 2025 | Stock Award (Form 4) | 284 | $670.00 per unit; $190,280 total | Reported on Form 4; standard non-employee director award |
Other Directorships & Interlocks
- Current public company boards: TrueBlue, Inc.; Caesars Entertainment, Inc. .
- Compensation Committee interlocks: None among current CC members (no cross-committee/officer interlocks disclosed for 2024) .
- Related-party transactions: URI’s related-party policy requires Audit Committee review; 2024 independence review disclosed immaterial relationships for other directors (Aramark, Johnson Controls) but none for Jones; no material related-party transactions involving Jones disclosed .
Expertise & Qualifications
- Financial credentials: Former Corporate Controller at Mondelez/Kraft; extensive automotive consumer finance experience .
- Education: BBA (Accounting), MBA (Finance), University of Michigan . Recognitions include CFO Magazine “25 Women to Watch” and Savoy Magazine “2024 Most Influential Corporate Directors” .
- Audit competency: Designated audit committee financial expert; financially literate per NYSE standards .
Equity Ownership
| As-of Date | Shares Outstanding | RSUs Outstanding | % of Shares Outstanding | Notes |
|---|---|---|---|---|
| Dec 31, 2024 | 3,489 shares | 1,315 RSUs | <1% | RSUs are fully vested but typically deferred for settlement |
| Mar 14, 2025 | 4,804 shares | N/A | <1% | Beneficial ownership per Rule 13d-3 |
- Ownership guidelines: 5× annual cash retainer; Jones was in compliance as of Dec 31, 2024 .
- Hedging/pledging: Prohibited for directors .
Governance Assessment
- Board effectiveness: Jones brings deep public company finance and controller experience, enhances Audit Committee rigor and Compensation Committee oversight; designated financial expert supports strong financial reporting oversight .
- Alignment: Director pay mix favors equity with deferred settlement, plus robust ownership guidelines and anti-hedging/pledging—supports shareholder alignment .
- Independence and conflicts: Determined independent; no disclosed related-party transactions or interlocks; complies with overboarding policy per annual review .
- Attendance/engagement: Board and committee cadence (Board 7, AC 6, CC 4); independent directors held 4 executive sessions—supports active oversight; company reported near-universal attendance (one director at 88% not named) .
- Red flags: None disclosed—no hedging/pledging, no related-party transactions, stable director compensation structure, and independent consultant advising compensation .