Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the company.
Reynal will assume the chairman position 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 companion at KKR and is co-head of its private equity enterprise within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman position with absolutely the confidence that Vicente is the best particular person to lead Ingersoll Rand into the subsequent section of its growth story,” said Stavros. “His experience in transformative leadership and profitable development, whereas focusing on worker possession and engagement, might 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 town, I had a deep passion to be successful and assist others along the way,” mentioned Reynal. “With the chairman position, I’m excited to carry forward the shared philosophy Pete and I truly have that broad-based worker ownership and being a function and worth driven organisation are foundational parts of long-term efficiency and shareholder worth creation.”
Josh Weisenbeck, a associate in KKR’s personal fairness business and leader of its Industrial team, has additionally retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. เกจวัดแรงดันออกซิเจน , retired govt vp and chief monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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