Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the corporate.
Reynal will assume the chairman role along with 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 position with the absolute confidence that Vicente is the proper particular person to steer Ingersoll Rand into the subsequent phase of its development story,” mentioned Stavros. “His expertise in transformative management and worthwhile growth, whereas focusing on worker possession and engagement, might be instrumental to the company’s future success.”
เกจวัดแรงดันไอน้ำ 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 city, I had a deep ardour to obtain success and assist others along the means in which,” mentioned Reynal. “With the chairman role, I’m excited to carry ahead the shared philosophy Pete and I actually have that broad-based employee ownership and being a function and value pushed organisation are foundational parts of long-term performance and shareholder worth creation.”
Josh Weisenbeck, a companion in KKR’s non-public equity enterprise and chief of its Industrial team, has additionally retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired executive vice chairman and chief monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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