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 partner at KKR and is co-head of its non-public equity business in 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 right particular person to steer Ingersoll Rand into the subsequent section of its growth story,” said Stavros. “His experience in transformative leadership and profitable development, while focusing on 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.
pressure gauge 10 bar Coming from a small, rural Puerto Rican city, I had a deep passion to be successful and assist others along the way,” mentioned Reynal. “With the chairman position, I’m excited to hold forward the shared philosophy Pete and I even have that broad-based worker possession and being a function and worth driven organisation are foundational elements of long-term performance and shareholder value creation.”
Josh Weisenbeck, a partner in KKR’s personal fairness business and chief of its Industrial team, has additionally retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired executive vice president and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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