Ingersoll Rand Inc. (NYSE: IR) has announced the appointment of Michelle Swanenburg to its board of directors, effective immediately. Swanenburg, who currently serves as the head of human resources at T. Rowe Price (NASDAQ: TROW), brings over twenty years of experience as a strategic HR leader to the role.
T. Rowe Price, where Swanenburg is currently employed, is a premier global asset management organization with $1.63 trillion in assets under management as of February 28, 2025. In her previous role, she was the head of HR at Oaktree Capital Management. Swanenburg is also involved in various committees and serves as a board member for the Waterfront Partnership of Baltimore Inc. and a member of the President's Advisory Council at Stevenson University.
In response to the appointment, Vicente Reynal, Chairman and CEO of Ingersoll Rand, expressed excitement, highlighting Swanenburg's significant human capital management, corporate governance, and shareholder engagement expertise. He emphasized the importance of people to the organization and noted that Swanenburg's insights will be invaluable as the company continues to grow and enhance workforce experiences on a global scale.
Ingersoll Rand Inc., driven by an entrepreneurial spirit and ownership mindset, is dedicated to making life better for its employees, customers, shareholders, and the planet. The company is known for providing exceptional performance and durability in mission-critical flow creation and life sciences and industrial solutions, supported by over 80 respected brands.
No specific financial metrics or performance figures were provided in the press release. Today the company's shares have moved -9.7% to a price of $73.8. For more information, read the company's full 8-K submission here.
