Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the company.
Reynal will assume the chairman role 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 associate at KKR and is co-head of its personal fairness enterprise in the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman role with absolutely the confidence that Vicente is the best individual to guide Ingersoll Rand into the following part of its progress story,” stated Stavros. “His experience in transformative management and profitable growth, while focusing on employee possession and engagement, shall be instrumental to the company’s future success.”
pressure gauge 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 ardour to obtain success and assist others along the best way,” stated Reynal. “With the chairman role, I’m excited to carry forward the shared philosophy Pete and I actually have that broad-based employee possession and being a function and worth driven organisation are foundational components of long-term performance and shareholder value creation.”
Josh Weisenbeck, a associate in KKR’s non-public equity business and chief of its Industrial team, 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 monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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