Ingersoll Rand Inc’s board of administrators has appointed Vicente Reynal as chairman of the corporate.
Reynal will assume the chairman position 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 equity business in the Americas and co-chair of its Inclusion and Diversity Council.
“ ไดอะแฟรม am retiring from the chairman role with absolutely the confidence that Vicente is the best individual to steer Ingersoll Rand into the next section of its development story,” mentioned Stavros. “His experience in transformative leadership and worthwhile development, whereas focusing on 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 city, I had a deep ardour to be successful and assist others along the way,” said Reynal. “With the chairman position, I’m excited to carry ahead the shared philosophy Pete and I even have that broad-based employee ownership and being a objective and value pushed organisation are foundational parts of long-term efficiency and shareholder worth creation.”
Josh Weisenbeck, a companion in KKR’s personal equity business 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 executive vp and chief monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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