Jeff Fenton, senior vice president of business development at United Rentals, will retire on June 30. He will be succeeded by Alfredo Barquin, who will lead the company’s M&A growth strategy as vice president of business development. Fenton will continue working with the company as a senior advisor through the end of the year.

Fenton joined United Rentals in his current position in 2012. Over the past decade, he has completed dozens of acquisitions and other transactions to expand the scale and depth of the company’s service offering and built a business development team to support growth.

“I want to personally thank Jeff for his many contributions to a landmark decade of growth for our company and wish him the very best in his retirement,” Matthew Flannery, CEO of United Rentals, said. “Jeff’s done an outstanding job of furthering our vision in line with our values. As Alfredo takes the reins in June, his strong track record with strategic expansions and our world-class team will ensure a smooth transition.”

Barquin joined United Rentals in January from SWM International, a global manufacturer of engineered industrial performance materials. He most recently served as chief growth officer of SWM, following roles as general manager and CEO of company subsidiaries and vice president of corporate development.

Previously, during an 11-year tenure with GE Energy (now GE Power), Barquin led M&A initiatives as managing director of global business development and, prior to that, managed development activities for Eaton Corporation.