Ingersoll Rand appoints Vicente Reynal as chairman

Ingersoll Rand Inc’s board of administrators has appointed Vicente Reynal as chairman of the company.
Reynal will assume the chairman role 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 companion at KKR and is co-head of its personal equity business in the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman role with absolutely the confidence that Vicente is the proper individual to steer Ingersoll Rand into the following section of its development story,” mentioned Stavros. “His expertise in transformative management and profitable growth, whereas focusing on worker ownership and engagement, shall 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.
First Coming from a small, rural Puerto Rican town, I had a deep passion to be successful and help others alongside the way,” mentioned Reynal. “With the chairman role, I’m excited to hold forward the shared philosophy Pete and I truly have that broad-based worker ownership and being a function and worth driven organisation are foundational elements of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a associate in KKR’s private fairness business and chief 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 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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