Ingersoll Rand Inc’s board of directors 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 associate at KKR and is co-head of its private equity enterprise within the Americas and co-chair of its Inclusion and Diversity Council.
“ เกจวัดอาร์กอน am retiring from the chairman position with the absolute confidence that Vicente is the best particular person to guide Ingersoll Rand into the subsequent part of its progress story,” stated Stavros. “His expertise in transformative management and worthwhile development, whereas specializing in worker 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 passion to obtain success and help others along the method in which,” mentioned Reynal. “With the chairman function, I’m excited to hold ahead the shared philosophy Pete and I even have that broad-based employee ownership and being a objective and value driven organisation are foundational components of long-term efficiency and shareholder worth creation.”
Josh Weisenbeck, a companion in KKR’s non-public equity business and chief of its Industrial staff, has also retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired government vice president and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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