Michael Lamach elected chairman of Ingersoll Rand Herbert Henkel retires
By SSN Staff
Updated Mon June 7, 2010
SWORDS, Ireland—The Board of Directors of Ingersoll Rand on June 4 announced the election of Michael Lamach as chairman of the company, effective immediately.
Lamach will retain his current titles of president and chief executive officer of Ingersoll Rand. He succeeds Herbert Henkel, who retires after serving as chairman of the company since May 2000. Henkel joined Ingersoll Rand in April 1999 and served as chief executive officer until February.
During his more than 10 years of leadership, Henkel spearheaded the company's transformation from a machinery manufacturer to a diversified industrial company serving commercial, residential and industrial markets.
“Thanks to Herb's leadership, our dramatic portfolio transformation is complete,” said Lamach in a release. “His legacy is reflected in the global, diversified industrial firm we have become—a firm well positioned to consistently deliver premier performance for our customers, employees and shareholders. I believe that today we are at the forefront of the most exciting time in the nearly 140-year history of Ingersoll Rand.”
Lamach joined Ingersoll Rand in February 2004 as president of the company's Security Technologies Sector and became president of Trane Commercial Systems after the acquisition of that business in 2008. He was named president and chief operating officer in February 2009, and chief executive officer in February 2010.
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