Ingersoll Rand Appoints New Chairman of the Board
23 November 2021
The Board of Directors of Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions company, has appointed Vicente Reynal as chairman of the company and William (Bill) Donnelly to serve as the company’s lead director. Both appointments are effective immediately.
Reynal will assume the chairman role in addition to his roles of president and chief executive officer. He succeeds Pete Stavros, who retires from being chairman of Ingersoll Rand since 2013. Stavros is a partner at KKR and serves as co-head of its private equity business in the Americas and co-chair of its Inclusion and Diversity Council. Josh Weisenbeck, a partner in KKR’s private equity business and leader of its Industrial team, has also retired.
Donnelly, retired executive vice president and chief financial officer of Mettler-Toledo International Inc., has served on the Ingersoll Rand Board since 2017. His appointment as Ingersoll Rand’s lead director demonstrates the Board’s confidence in his deep understanding of the company’s strategy and operations, his commitment during his time at Mettler to delivering consistent annual organic growth and shareholder value creation and his experience with publicly held industrial and life science companies.
Reynal joined the company in 2015 as chief executive officer of the Gardner Denver Industrials Segment, and was named president and chief executive officer in January 2016. He has served as president and chief executive officer of Ingersoll Rand since March 2020, when he led the transformational merger between Gardner Denver and the Industrials Segment of Ingersoll-Rand plc.
Courtesy of Ingersoll Rand.