Ingersoll Rand Announces Appointment of Mark Stevenson and Michael Stubblefield to Board of Directors
02 August 2022 - 8:30PM
Business Wire
Ingersoll Rand Inc. (NYSE:IR), a global provider of
mission-critical flow creation and industrial solutions, today
announced that Mark Stevenson and Michael Stubblefield joined its
Board of Directors on July 28, 2022.
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Mark Stevenson (Photo: Business Wire)
Mr. Stevenson is the former Executive Vice President and Chief
Operating Officer of Thermo Fisher Scientific Inc., a Fortune 100
company and world leader in serving science through its life
science solutions, analytical instruments, specialty diagnostics
and laboratory products and biopharma services. He held this role
from 2017 until his retirement in 2022. He joined the company in
2014 as Executive Vice President and President of Life Sciences
Solutions through the acquisition of Life Technologies. Mr.
Stevenson previously served as President and Chief Operating
Officer of Life Technologies, and President and Chief Operating
Officer of Applied Biosystems prior to its merger with Invitrogen
Corporation in 2008. He has an MBA from Henley Management College,
United Kingdom, and a bachelor’s degree in chemistry from the
University of Reading, United Kingdom.
Mr. Stubblefield currently serves as the President and Chief
Executive Officer and Board member of Avantor, a Fortune 500
company and leading global provider of mission-critical products
and services to customers in the biopharma, healthcare, education
and government, and advanced technologies and applied materials
industries. Prior to becoming CEO of Avantor in 2014, Mr.
Stubblefield served as a senior expert in the Chemicals Practice
for McKinsey & Company. Before joining McKinsey, he held
various leadership roles at Celanese Corporation, including Vice
President and General Manager, Advanced Engineered Materials and
Chief Marketing Officer. Mr. Stubblefield earned an MBA from Texas
A&M University-Corpus Christi and a bachelor’s degree in
chemical engineering from the University of Utah.
“I’m excited to welcome Mark and Michael to our Board,” said
Ingersoll Rand Chairman of the Board of Directors and Chief
Executive Officer Vicente Reynal. “We have always focused on new
board members who bring experience and perspectives aligned with
our key strategies. Mark and Michael are no exception. Mark’s
experience in leading a growth compounder in sustainable end
markets such as life sciences and medical aligns closely with our
long-term vision for Ingersoll Rand, and his experience with
machine learning systems supports our innovation in the areas of
digitalization and IIoT. At Avantor, Michael has led a dramatic
portfolio evolution since being named CEO, and has positioned the
company as a leader in life sciences through new product
innovation, organic growth and strategic M&A, which are three
critical focus areas for us as well. Their knowledge and insights
will be powerful additions as we continue on our path of becoming a
growth compounder through expansion in sustainable end markets,
product innovation and M&A. I look forward to their
contributions.”
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements related to Ingersoll Rand Inc.’s (the
“Company” or “Ingersoll Rand”) expectations regarding the
performance of its business, its financial results, its liquidity
and capital resources and other non-historical statements. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,”
“forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,”
“intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,”
“would,” “will be,” “on track to” “will continue,” “will likely
result,” “guidance” or the negative thereof or variations thereon
or similar terminology generally intended to identify
forward-looking statements. All statements other than historical
facts are forward-looking statements. These forward-looking
statements are based on Ingersoll Rand’s current expectations and
are subject to risks and uncertainties, which may cause actual
results to differ materially from these current expectations.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those indicated or anticipated by such
forward-looking statements. The inclusion of such statements should
not be regarded as a representation that such plans, estimates or
expectations will be achieved. Important factors that could cause
actual results to differ materially from such plans, estimates or
expectations include, among others, (1) the impact on the Company’s
business, suppliers and customers and global economic conditions of
the COVID-19 pandemic, including business disruptions caused by
government restrictions; (2) unexpected costs, charges or expenses
resulting from the completed and proposed business combinations;
(3) uncertainty of the expected financial performance of the
Company; (4) failure to realize the anticipated benefits of the
completed and proposed business combinations; (5) the ability of
the Company to implement its business strategy; (6) difficulties
and delays in achieving revenue and cost synergies; (7) inability
of the Company to retain and hire key personnel; (8) evolving
legal, regulatory and tax regimes; (9) changes in general economic
and/or industry specific conditions; (10) actions by third parties,
including government agencies; (11) adverse impact on our
operations and financial performance due to natural disaster,
catastrophe, pandemic, geopolitical tensions or other events
outside of our control; and (12) other risk factors detailed in
Ingersoll Rand’s most recent Annual Report on Form 10-K filed with
the Securities and Exchange Commission (the “SEC”), as such factors
may be updated from time to time in its periodic filings with the
SEC, which are available on the SEC’s website at
http://www.sec.gov. The foregoing list of important factors is not
exclusive. Any forward-looking statements speak only as of the date
of this release. Ingersoll Rand undertakes no obligation to update
any forward-looking statements, whether as a result of new
information or development, future events or otherwise, except as
required by law. Readers are cautioned not to place undue reliance
on any of these forward-looking statements.
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial
spirit and ownership mindset, is dedicated to helping make life
better for our employees, customers and communities. Customers lean
on us for our technology-driven excellence in mission-critical flow
creation and industrial solutions across 40+ respected brands where
our products and services excel in the most complex and harsh
conditions. Our employees develop customers for life through their
daily commitment to expertise, productivity and efficiency. For
more information, visit www.IRCO.com.
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Investor Contact: Matthew Fort matthew.fort@irco.com
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