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New CFO for Ingersoll-Rand

Zacks Equity Research

Ingersoll-Rand plc (IR) recently announced the appointment of Susan K. Carter as senior vice president and chief financial officer, effective Sep 27. Carter will succeed Steve Shawley who will retire before the end of the year.

Carter is entrusted with the responsibility of Ingersoll’s financial strategy and functions. She will be responsible for all financial planning, which includes investor relations, treasury, external reporting, audit, tax, risk management, business development, business unit finance and real estate.

She brings on board 30 years of experience and has worked in businesses featuring a diverse range of engineering products such as climate control solutions, engines, power generation, automotive supplies, aerospace components and valves.

With her leadership traits, expertise and experience, Carter is expected to unlock value for the company. We believe Carter’s sector knowhow will prove beneficial for Ingersoll and augment its revenues going forward. With past experience in companies like Lennox International, Inc (LII), Carter is expected to bring transformative changes to Ingersoll. She will provide valuable insight, guidance and provide support to the company in its operational and financial objectives.

Ingersoll is a globally diversified industrial company, which designs, manufactures and sells a range of industrial and commercial products and services. It provides energy-efficient solutions, residential solutions, technology and security related services both in the domestic and international markets. In the last reported quarter, the company reported revenues of $3,933 million, up 3% year over year.

Ingersoll currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include Gorman-Rupp Co. (GRC) and Graham Corp. (GHM), each carrying a Zacks Rank #1 (Strong Buy).

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Read the Full Research Report on LII

Read the Full Research Report on GHM

Read the Full Research Report on GRC

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