Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the company.
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 non-public fairness 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 person to steer Ingersoll Rand into the subsequent phase of its growth story,” mentioned Stavros. “His expertise in transformative leadership and worthwhile development, whereas specializing in employee 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.
“Coming from a small, rural Puerto Rican town, I had a deep passion to obtain success and help others along the way,” said Reynal. “With ไดอะแฟรม ซีล , I’m excited to hold ahead the shared philosophy Pete and I even have that broad-based employee possession and being a function and worth driven organisation are foundational elements of long-term performance and shareholder worth creation.”
Josh Weisenbeck, a partner in KKR’s personal equity enterprise and chief of its Industrial team, has additionally retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired government vice president and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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