Ingersoll Rand appoints Vicente Reynal as chairman

Ingersoll Rand Inc’s board of directors 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 companion at KKR and is co-head of its personal fairness enterprise within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman function with the absolute confidence that Vicente is the proper individual to guide Ingersoll Rand into the subsequent phase of its growth story,” mentioned Stavros. “His expertise in transformative management and profitable growth, while specializing in employee 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 be successful and assist others along the way,” stated Reynal. “With the chairman position, I’m excited to hold forward the shared philosophy Pete and I truly have that broad-based employee possession and being a purpose and value pushed organisation are foundational parts of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a companion in KKR’s private fairness enterprise 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. Recognized , 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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