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 personal equity business in 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 best individual to lead Ingersoll Rand into the following section of its development story,” said Stavros. “His expertise in transformative leadership and worthwhile progress, whereas specializing in employee possession and engagement, shall be instrumental to the company’s future success.”
Reynal 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 passion to achieve success and help others along the way in which,” mentioned Reynal. “With the chairman role, I’m excited to carry forward the shared philosophy Pete and I truly have that broad-based worker ownership and being a objective and value pushed organisation are foundational parts of long-term performance and shareholder value creation.”
Josh Weisenbeck, a partner in KKR’s non-public fairness enterprise and leader of its Industrial staff, has additionally retired from the Ingersoll Rand board.
เกจ์วัดแรงดันน้ำ (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired govt vice chairman and chief monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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