Herc Holdings Hires Luis Machado as Chief Legal Officer
The equipment rental company named Machado to lead its legal function, drawing on more than three decades of corporate legal experience.
Updated on Nov. 4, 2026 in People
Herc Holdings Inc. hired Luis Machado as senior vice president, chief legal officer, and secretary, with the hiring announced on a Tuesday. Machado most recently served as vice president, general counsel, and secretary of TopBuild Corp.
Why it matters
The appointment places a senior legal executive with a long public-company background at the head of Herc's legal function, which covers all legal matters for the equipment rental company. Herc was spun off from Hertz Global Holdings Inc. approximately a decade ago.
Machado brings more than three decades of corporate legal experience to the role, while Herc has operated as an independent company for approximately a decade since its spin-off from Hertz Global Holdings Inc. The announcement does not disclose his start date or compensation.
The players
Herc Holdings Inc.
Herc Holdings Inc. is an equipment rental company that was spun off from Hertz Global Holdings Inc. approximately a decade ago.
Luis Machado
Luis Machado is a corporate attorney with more than three decades of legal experience across public companies in several industries, most recently serving as general counsel of TopBuild Corp.
The details
Machado will lead all aspects of Herc Holdings' legal function. He previously worked at public companies across the construction, manufacturing, automotive, retail, and food and beverage industries.
Timeline
Tuesday, November 4, 2026: Herc Holdings announces the hiring of Luis Machado.
Market Landscape
Herc Holdings was separated from Hertz Global Holdings Inc. roughly a decade ago and now operates as a standalone equipment rental company. Adding a senior legal executive with public-company experience reflects the build-out of corporate functions that an independent firm must maintain on its own.
For customers renting equipment from Herc, this leadership change does not alter current rental pricing, availability, or service terms as described in the announcement. The appointment concerns internal corporate governance rather than day-to-day customer transactions.
The takeaway
Leadership changes at newly independent companies often signal how a firm intends to handle governance and legal oversight as it matures, and Herc's choice of a veteran public-company counsel reflects that priority.
Further reading
Explore more in People coverage of executive moves across the U.S. business landscape.
Source note: This article includes information reported by Bloomberglaw.
