Ingersoll Rand appoints Vicente Reynal as chairman

Privy 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 private fairness business within the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman position with absolutely the confidence that Vicente is the right individual to steer Ingersoll Rand into the subsequent part of its development story,” said Stavros. “His expertise in transformative management and profitable growth, while focusing on worker possession and engagement, might be instrumental to the company’s future success.”
Simple as ABC 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 city, I had a deep ardour to achieve success and help others along the means in which,” mentioned Reynal. “With the chairman position, I’m excited to hold forward the shared philosophy Pete and I really have that broad-based worker ownership and being a function and worth driven organisation are foundational parts of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a associate in KKR’s non-public equity enterprise and leader of its Industrial team, 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 monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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