Ingersoll Rand Inc’s board of administrators has appointed Vicente Reynal as chairman of the corporate.
Reynal will assume the chairman function along with his roles of president and CEO of Ingersoll Rand.
เพรสเชอร์เกจ succeeds Pete Stavros, who retires from the Ingersoll Rand board after serving as chairman since 2013. Stavros is a companion at KKR and is co-head of its non-public fairness business 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 proper particular person to lead Ingersoll Rand into the next phase of its development story,” said Stavros. “His expertise in transformative leadership and worthwhile development, while specializing in employee ownership and engagement, shall be instrumental to the company’s future success.”
Reynal joined the corporate 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 city, I had a deep passion to be successful and help others along the means in which,” mentioned Reynal. “With the chairman role, I’m excited to carry forward the shared philosophy Pete and I really have that broad-based worker ownership and being a objective and value driven organisation are foundational elements of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a companion in KKR’s personal equity business and leader of its Industrial group, has also retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired executive vp and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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