logo
Share SHARE
FONT-SIZE Plus   Neg

Ingersoll-Rand Names Susan Carter SVP, CFO - Update

Diversified industrial company Ingersoll-Rand Plc (IR: Quote) Thursday said Susan Carter would join the company as senior vice president and chief financial officer, effective September 27. She succeeds Steve Shawley who is retiring.

Carter joins Ingersoll Rand from KBR, Inc., an engineering, construction and services business where she was executive vice president and chief financial officer for four years.

Carter will lead the financial strategy of the company and will be responsible for all finance functions, including investor relations, treasury, external reporting, audit, tax, risk management and business development.

Prior to joining KBR, Carter was executive vice president and chief financial officer at Lennox International, Inc. Her 30 years of experience includes financial leadership positions at Cummins, Inc., Honeywell International, Crane Company and DeKalb Corp.

Carter has worked in businesses featuring a range of engineering products, including climate control solutions, engines, power generation, automotive supplies, aerospace components and valves.

Michael Lamach, CEO, said, "Sue's experience for the past nine years as a public company chief financial officer and 30 years in relevant diversified manufacturing and service environments make her a strong fit for Ingersoll Rand."

Carter will report to Lamach as part of his executive leadership team and relocate to Davidson, N.C.

Shawley will stay with the company during a transition period and retire before the end of the year. He has been with Ingersoll Rand and Thermo King, a brand of Ingersoll Rand, for 20 years, serving as chief financial officer for the last five years.

IR closed at $61.56 on Wednesday.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A new study reveals that more large companies in the U.S. are run by men with the names John, Robert, William or James than the total number of women CEOs. For each women CEO of S&P 1500 companies there are four men CEOs named John, Robert, William or James, according to a study conducted by the New... Ahead of the Ferrari IPO this year, Fiat Chrysler Automobiles said it would sell more than the 10 percent stake it initially planned in the luxury car division's public debut as investor sentiment brightens and the need to stabilize stock prices gains importance. In a thumbs up for the Iceland bond market, investors strongly oversubscribed to a bench-marked bond offering by Arion Bank, as the Nordic island country warms up to possible easy access to international credit. Arion Bank issued bonds for 300 million euros and received bids of more than 675 million euros from about 100 investors. The bonds are 3-year instruments with a fixed 3.125 percent coupon.
comments powered by Disqus
RELATED NEWS
Trade IR now with 
Follow RTT