Ingersoll Rand Inc’s board of administrators has appointed Vicente Reynal as chairman of the corporate.
Reynal will assume the chairman position 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. เพรสเชอร์เกจ is a associate at KKR and is co-head of its private fairness business within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman role with the absolute confidence that Vicente is the best particular person to lead Ingersoll Rand into the subsequent part of its growth story,” said Stavros. “His expertise in transformative management and worthwhile growth, while specializing in worker ownership and engagement, might 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 city, I had a deep ardour to achieve success and assist others along the best way,” stated Reynal. “With the chairman role, I’m excited to hold ahead the shared philosophy Pete and I have that broad-based employee possession and being a function and worth pushed organisation are foundational elements of long-term performance and shareholder worth creation.”
Josh Weisenbeck, a partner in KKR’s private equity enterprise and leader of its Industrial team, has also retired from the Ingersoll Rand board.
William (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.