WOODCLIFF LAKES, NJ: Industrial giant Ingersoll-Rand has created a VP of IR and communications post and tapped a well-respected number-cruncher to fill it.
WOODCLIFF LAKES, NJ: Industrial giant Ingersoll-Rand has created a
VP of IR and communications post and tapped a well-respected
number-cruncher to fill it.
The company hired Allied Signal veteran Matthew Farrell earlier this
month to fill the new position, bringing him in only two weeks before
the company released its second-quarter earnings report.
’External communications are very important to the earnings process,’
said Farrell. ’So I got to go on a deep dive very quickly.’ His timing
was quite good: Ingersoll-Rand reported record Q2 earnings of dollars
183.4 million, a 17% increase over last year’s levels.
Farrell, who will be responsible for the company’s IR, public affairs
and media and government relations programs, reports directly to
president and chief executive Herb Henkel, elected chairman of the
company in May.
’Matt’s responsibilities will include managing the company’s relations
with major investors and buy-side and sell-side analysts,’ said
No stranger to big business, Farrell arrives at Ingersoll-Rand from
Honeywell International (formerly Allied Signal), where he was CFO of
the company’s specialty chemicals business. He began his career at KPMG