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 associate at KKR and is co-head of its private equity enterprise in the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman position with absolutely the confidence that Vicente is the right individual to steer Ingersoll Rand into the next section of its growth story,” said Stavros. “His expertise in transformative leadership and worthwhile progress, whereas specializing in employee possession and engagement, will 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 town, I had a deep ardour to be successful and help others along the finest way,” mentioned Reynal. “With the chairman role, I’m excited to carry ahead the shared philosophy Pete and I even have that broad-based employee ownership and being a function and value driven organisation are foundational parts of long-term efficiency and shareholder value creation.”
เกจวัดแรงดันpressuregauge , a partner in KKR’s non-public equity enterprise and chief of its Industrial group, has additionally retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired government vice chairman and chief monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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