Ingersoll Rand Inc’s board of administrators has appointed Vicente Reynal as chairman of the corporate.
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 fairness business in 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 right person to guide Ingersoll Rand into the next phase of its development story,” stated Stavros. “His expertise in transformative leadership and worthwhile development, whereas specializing in employee possession and engagement, shall 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 town, I had a deep passion to be successful and help others along the best way,” mentioned Reynal. “With the chairman role, I’m excited to hold forward the shared philosophy Pete and I even have that broad-based worker ownership and being a purpose and value driven organisation are foundational elements of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a partner in KKR’s private fairness business and leader of its Industrial group, has also retired from the Ingersoll Rand board.
เกจวัดแรงดันอากาศ (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.
Share