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Ingersoll-Rand Names Susan Carter SVP, CFO - Update

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9/5/2013 9:22 AM ET

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.

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by RTT Staff Writer

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