เกจ์ออกซิเจนsumo of administrators has appointed Vicente Reynal as chairman of the corporate.
Reynal will assume the chairman function 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 associate at KKR and is co-head of its private fairness enterprise in the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman function with absolutely the confidence that Vicente is the best particular person to steer Ingersoll Rand into the next phase of its progress story,” stated Stavros. “His experience 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 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 role, I’m excited to carry forward the shared philosophy Pete and I truly have that broad-based worker ownership and being a purpose and value driven organisation are foundational components of long-term performance and shareholder worth creation.”
Josh Weisenbeck, a partner in KKR’s personal equity business and leader 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 monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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