Ingersoll Rand appoints Vicente Reynal as chairman

Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the corporate.
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 partner 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 position with absolutely the confidence that Vicente is the best particular person to steer Ingersoll Rand into the subsequent section of its progress story,” mentioned Stavros. “ Worldwide in transformative management and profitable progress, whereas specializing in employee ownership and engagement, shall 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.
Concealed Coming from a small, rural Puerto Rican town, I had a deep passion to be successful and assist others alongside the way in which,” said Reynal. “With the chairman role, I’m excited to carry forward the shared philosophy Pete and I really have that broad-based worker possession and being a function and value pushed organisation are foundational parts of long-term efficiency and shareholder worth creation.”
Josh Weisenbeck, a companion in KKR’s private fairness enterprise and leader of its Industrial staff, has additionally retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired executive vice president and chief monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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