Ingersoll-Rand Co. announced that Herbert Henkel has succeeded James Perrella as CEO of the company. Henkel retains his previous title of president; Perrella continues as the company's chairman until his planned retirement in 2000.
"Six years ago, we embarked on a journey designed to dramatically improve the performance of every aspect of Ingersoll-Rand - from operational processes to product offerings to customer relationships to financial performance," Perrella said. "We have made great progress. I am confident that with Herb Henkel's leadership, Ingersoll-Rand will continue its growth journey."
Henkel came to Ingersoll-Rand this spring from Textron Inc., Racine, Wis., where he was president and CEO.
