Ingersoll Rand Inc’s board of administrators has appointed Vicente Reynal as chairman of the company.
Reynal will assume the chairman function 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 companion at KKR and is co-head of its personal fairness business within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman position with absolutely the confidence that Vicente is the proper particular person to lead Ingersoll Rand into the following section of its progress story,” mentioned Stavros. “ เกจวัดแรงดันคือ in transformative management and worthwhile progress, while focusing on employee 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 passion to be successful and help others along the way,” mentioned Reynal. “With the chairman role, I’m excited to hold ahead the shared philosophy Pete and I actually have that broad-based worker ownership and being a purpose and value pushed organisation are foundational parts of long-term efficiency and shareholder worth creation.”
Josh Weisenbeck, a associate in KKR’s non-public equity enterprise and leader of its Industrial group, has additionally retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired govt vp and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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