Ingersoll-Rand plc (NYSE:IR) is pleased to announce that Douglas (Doug)
Ranck will serve as vice president and controller for Allegion plc, the
new $2 billion standalone global security company to be created upon the
spin-off of the commercial and residential security businesses from
Ingersoll Rand later this year.
“Doug has demonstrated breadth and proficiency through his service in a
number of leadership roles throughout his career with Ingersoll Rand,”
said Patrick Shannon, senior vice president and chief financial officer
of Allegion. “His rich experience in the transition from Trane to
Ingersoll Rand will be invaluable to the success of Allegion.”
As controller, Ranck will provide integral financial leadership to
Allegion and serve as a key member of the finance leadership team. In
his new position, he will also be an officer of the future Allegion
company.
Ranck joined Trane/American Standard in October 2006 and played a
critical role in the transition to Ingersoll Rand in June 2008. He most
recently served as global controller and financial planning leader for
Ingersoll Rand’s Climate Solutions sector.
Prior to joining Ingersoll Rand, he held financial roles of increasing
responsibility at both AT&T and PricewaterhouseCoopers in the areas of
corporate planning, consolidation, financial reporting, tax and audit.
Ranck is a certified public accountant and holds a bachelor’s degree in
accounting from Lycoming College in Williamsport, Pa. In addition, he
has attended various management programs at Wharton Business School,
Pennsylvania State University and Northwestern University.
About Ingersoll Rand
Ingersoll
Rand (NYSE:IR) advances the quality of life by creating and
sustaining safe, comfortable and efficient environments. Our people and
our family of brands — including Club
Car®, Ingersoll
Rand®, Schlage®,
Thermo
King® and Trane®
— work together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; secure homes and
commercial properties; and increase industrial productivity and
efficiency. Ingersoll Rand has announced plans to combine its security
businesses as part of Allegion, the $2 billion independent, standalone,
publicly-held security company to be created upon separation from
Ingersoll Rand later this year. Ingersoll Rand is a $14 billion global
business committed to a world of sustainable progress and enduring
results. For more information, visit www.ingersollrand.com.
Copyright Business Wire 2013