Ingersoll-Rand Brings New Management

May 12, 2008
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HAMILTON, Bermuda - Ingersoll-Rand Co. Ltd. announced the business sector leadership team for the company, effective upon the completion of the acquisition of Trane Inc. Michael W. Lamach, current president of Ingersoll-Rand Security Technologies Sector, will become president of Trane Commercial Systems, succeeding W. Craig Kissel, who has elected to retire as president, Trane Commercial Systems, effective three months following the close of the acquisition. David Pannier, president of Residential Systems for Trane, will remain in his current role.

“Our business sector leadership team represents a substantial advantage for Ingersoll-Rand as we seek to expand participation and generate growth in all of our markets,” said Herbert Henkel, chairman, president, and CEO of Ingersoll-Rand.

“Each of our business leaders possesses superior market expertise, operational proficiency, leadership excellence, and demonstrated success throughout their careers.”

Kissel assumed his current position in January 2004. Before that he was president of WABCO, the former Vehicle Control Systems business of American Standard Companies, which was spun off as an independent company on Aug. 1, 2007. Prior to leading Vehicle Control Systems, Kissel spent 17 years in various senior management positions in both the commercial and residential parts of Trane’s air conditioning business.

“I am pleased that Craig has agreed to remain with Ingersoll-Rand for a transition period following the completion of the Trane acquisition in order to provide a smooth transfer of leadership,” added Henkel.

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Publication date: 05/12/2008

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