Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the corporate.
Reynal will assume the chairman function in addition to his roles of president and CEO of Ingersoll Rand.
He succeeds Pete Stavros, who retires from the Ingersoll Rand board after serving as chairman since 2013. Stavros is a associate at KKR and is co-head of its non-public fairness enterprise within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman function with the absolute confidence that Vicente is the right particular person to steer Ingersoll Rand into the following part of its growth story,” mentioned Stavros. “His expertise in transformative management and worthwhile development, whereas focusing on worker ownership and engagement, shall be instrumental to the company’s future success.”
Reynal joined the company in 2015 as CEO of the Gardner Denver Industrials Segment, and was named president and CEO in 2016. He has served as president and CEO of Ingersoll Rand since March 2020, when he led the merger between Gardner Denver and the Industrials Segment of Ingersoll-Rand plc.
“Coming from a small, rural Puerto Rican town, I had a deep ardour to be successful and help others along the way,” stated Reynal. “With the chairman position, I’m excited to carry ahead the shared philosophy Pete and I have that broad-based employee ownership and being a purpose and worth driven organisation are foundational parts of long-term performance and shareholder worth creation.”
Josh Weisenbeck, a companion in KKR’s personal fairness business and chief of its Industrial staff, has additionally retired from the Ingersoll Rand board.
weksler pressure gauge ราคา (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired government vp and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.