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Ingersoll Rand Names New Chief Financial Officer

Stocks in this article: IR

Ingersoll-Rand plc (NYSE:IR), a world leader in creating and sustaining safe, comfortable and efficient environments, announced that Susan K. Carter will join the company as senior vice president and chief financial officer, effective September 27. Carter joins Ingersoll Rand from KBR, Inc., a global engineering, construction and services business, where she served for four years as executive vice president and chief financial officer.

Carter succeeds Steve Shawley who, as announced earlier this year, will stay with the company during a transition period and retire before the end of the year. Shawley 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.

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

“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,” said Michael W. Lamach, chairman and chief executive officer. “She is an operationally-oriented professional who will provide valuable insight and guidance throughout the company in support of our growth and operational excellence objectives. In addition, I am confident that Sue will enhance our pursuit of functional excellence within the financial organization and lead the company’s overall financial strategy.”

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

Prior to joining KBR, Carter held the position of executive vice president and chief financial officer at Lennox International, Inc. Her 30 years of experience includes prior financial leadership positions at Cummins, Inc., Honeywell International, Crane Company and DeKalb Corporation. Carter has worked in businesses featuring a broad range of engineering products, including climate control solutions, engines, power generation, automotive supplies, aerospace components and valves.

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