Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the company.
Reynal will assume the chairman position 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 partner at KKR and is co-head of its private fairness business within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman function with absolutely the confidence that Vicente is the best person to steer Ingersoll Rand into the following section of its progress story,” stated Stavros. “His expertise in transformative leadership and profitable growth, while focusing on 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.
เกจ์วัดแรงดัน Coming from a small, rural Puerto Rican town, I had a deep ardour to obtain success and help others along the way in which,” mentioned Reynal. “With the chairman position, I’m excited to hold ahead the shared philosophy Pete and I have that broad-based worker possession and being a function and value driven organisation are foundational components of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a companion in KKR’s non-public fairness enterprise and chief of its Industrial group, 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.