Ingersoll Rand approved a new employment agreement for Chairman and CEO Vicente Reynal, extending his term through February 29, 2032, with an annual base salary of $1.2 million. The Board also granted him approximately $17.1 million in performance stock units (PSUs) contingent on achieving a 10% five-year Adjusted EPS CAGR by December 31, 2031. Concurrently, the company announced leadership changes: Mike Weatherred retired as SVP of Precision and Science Technologies to serve in an advisory role through May 2028, while Scott Watson and Shaun Carlson were promoted to lead major business segments. Ingersoll Rand is a global provider of mission-critical flow creation and life science solutions.
