Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the corporate.
Reynal will assume the chairman function 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 business within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman role with the absolute confidence that Vicente is the right particular person to lead Ingersoll Rand into the following part of its growth story,” mentioned Stavros. “ เกจอาร์กอน in transformative management and profitable growth, whereas specializing in employee ownership 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 passion to be successful and help others alongside the best way,” said Reynal. “With the chairman role, I’m excited to carry ahead the shared philosophy Pete and I even have that broad-based employee possession and being a purpose and worth pushed organisation are foundational elements of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a companion in KKR’s non-public fairness business and chief of its Industrial group, has also retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired executive vice chairman and chief monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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