Breaking News
FONT-SIZE Plus   Neg
Share SHARE

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.

Register
To receive FREE breaking news email alerts for Ingersoll-Rand PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months. Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.