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Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the corporate.
Psycho 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 partner 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 best person to guide Ingersoll Rand into the subsequent part of its progress story,” said Stavros. “His expertise in transformative leadership and worthwhile growth, whereas focusing on 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.
“Coming from a small, rural Puerto Rican town, I had a deep ardour to be successful and help others along the means in which,” stated 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 worth pushed organisation are foundational components of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a companion in KKR’s non-public equity enterprise and leader 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 govt vice chairman and chief financial officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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