Ingersoll Rand Inc’s board of administrators has appointed Vicente Reynal as chairman of the company.
Reynal will assume the chairman function 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 companion at KKR and is co-head of its personal fairness enterprise within the Americas and co-chair of its Inclusion and Diversity Council.
“ pressure gauge am retiring from the chairman role with absolutely the confidence that Vicente is the best individual to lead Ingersoll Rand into the next part of its progress story,” stated Stavros. “His expertise in transformative management and profitable development, while focusing on employee ownership and engagement, will 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 town, I had a deep passion to obtain success and help others alongside the finest way,” mentioned Reynal. “With the chairman function, I’m excited to carry forward the shared philosophy Pete and I have that broad-based employee ownership and being a function and worth pushed organisation are foundational components of long-term performance and shareholder value creation.”
Josh Weisenbeck, a companion in KKR’s private fairness enterprise and chief of its Industrial staff, has also retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired government vp and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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