Ingersoll Rand Inc’s board of administrators has appointed Vicente Reynal as chairman of the company.
Reynal will assume the chairman role 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 partner at KKR and is co-head of its personal equity 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 lead Ingersoll Rand into the following section of its growth story,” said Stavros. “His expertise in transformative leadership and profitable 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 ardour to achieve success and help others alongside the method in which,” stated Reynal. “With the chairman role, I’m excited to carry ahead the shared philosophy Pete and I even have that broad-based employee possession and being a purpose and worth driven organisation are foundational components of long-term performance and shareholder value creation.”
Josh Weisenbeck, a partner in KKR’s private fairness business and chief of its Industrial staff, has additionally retired from the Ingersoll Rand board.
ขนาดpressuregauge (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.
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