Aug. 7, 2013: Ingersoll Rand Announces Retirement of CFO Steve Shawley
He Will Stay in Current Role Until a Successor Is Named
“It has been my privilege and honor to know and work with Steve for the past nine years,” said Michael W. Lamach, chairman and chief executive officer. “Steve has been a key part in the company’s growth and success, giving endlessly of his time and talents to strengthen the company. We will miss his guidance and leadership, but we know the strong teams, culture, and financial discipline he developed will shape Ingersoll Rand for years to come.”
A long-time member of Ingersoll Rand’s executive team, Shawley was named chief financial officer following the acquisition of Trane in June 2008. Before that, he served as senior vice president and president of the Climate Control Technologies Sector (portions of which now make up the Climate Solutions segment). Shawley also now serves as Ingersoll Rand’s chief risk officer after initiating and spearheading the company’s enterprise risk management program.
Shawley joined Ingersoll Rand in 1997 through the acquisition of Thermo King, then a business of Westinghouse Electric Corp., where he served as vice president and controller. He became corporate controller of Ingersoll Rand in May 1998 and was named a vice president of Ingersoll Rand in June 1999. In August 2002, Shawley was named president of Thermo King North America. A year later, he became president of Climate Control Americas. Prior to Thermo King, Shawley held numerous other key financial positions during his more than 20 years with Westinghouse.
“I am fortunate to have been part of Ingersoll Rand — the people, the brands, and the business around the world make this company a remarkable place to learn and grow,” Shawley said. “Ingersoll Rand has a bright future, and I look forward to watching it succeed as I spend more time with my family and pursue other personal interests. I will work with Mike, the board, and the management team to ensure a smooth and effective transition.”
For more information, visit www.ingersollrand.com.
Publication date: 8/5/2013
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