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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.
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 business within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman role with absolutely the confidence that Vicente is the proper particular person to lead Ingersoll Rand into the next phase of its growth story,” mentioned Stavros. “His expertise in transformative leadership and worthwhile development, while specializing in worker ownership 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 ardour to be successful and assist others alongside the way,” said Reynal. “With the chairman role, I’m excited to carry ahead the shared philosophy Pete and I actually have that broad-based employee possession and being a objective and worth driven organisation are foundational components of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a associate in KKR’s private equity enterprise and chief of its Industrial group, has additionally retired from the Ingersoll Rand board.
pressure gauge 2.5 นิ้ว (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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