Mike Watts, founder and leader of Sunstate Equipment for 40 years, announced he will retire in 2017. Ownership partner Sumitomo Corp. will assume full ownership of the company, and it will be led by Watts’ son Chris Watts as CEO. Mr. Michael L. Watts has been appointed as Chairman of the Board of Mobile Mini Inc., effective December 23, 2012. Mr. Watts has been a Mobile Mini Director since 2002 and its lead director since 2005. He currently serves on the Audit, Compensation and Governance & Nominating Committees. He founded Sunstate Equipment Co. in 1977, the second independently owned construction equipment leasing company in the U.S. with 54 locations across nine states, where he currently serves as Executive Chairman. Mr. Watts is also co-owner of Water Movers and Underground Safety Equipment, both specialty rental businesses operating in the southwestern U.S. He was a founder and Chairman of Trench Safety Equipment Company, a specialty equipment rental company, from 1987 until the company was sold in 1998.