Ingersoll Rand appoints Vicente Reynal as chairman

Ingersoll Rand Inc’s board of administrators 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 associate at KKR and is co-head of its personal equity enterprise in the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman function with absolutely the confidence that Vicente is the right individual to guide Ingersoll Rand into the subsequent part of its growth story,” stated Stavros. “His expertise in transformative leadership and worthwhile progress, whereas specializing in worker ownership and engagement, will 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.
Insider Coming from a small, rural Puerto Rican city, I had a deep ardour to achieve success and assist others alongside the finest way,” mentioned Reynal. “With the chairman role, I’m excited to carry ahead the shared philosophy Pete and I really have that broad-based employee ownership and being a objective and value driven organisation are foundational components of long-term efficiency and shareholder worth creation.”
Josh Weisenbeck, a partner in KKR’s personal 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 government vice chairman and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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