McGrath RentCorp Appoints COO Philip B. Hawkins As President, CEP, Succeeding Joseph F. Hanna

McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that its Board of Directors has appointed Executive Vice President and Chief Operating Officer Philip B. Hawkins as President and Chief Executive Officer of McGrath and a member of the McGrath Board. Mr. Hawkins succeeds President and Chief Executive Officer Joseph F. Hanna, who plans to retire on April 3, 2026 and will remain as a director on the McGrath Board. Mr. Hawkins's appointment as President and Chief Executive Officer will become effective at Mr. Hanna's retirement date in April.