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Ingersoll-Rand CFO to retire in 2020

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Ingersoll-Rand CFO to retire in 2020

Ingersoll-Rand PLC said CFO Susan Carter will retire in 2020 after serving in the role for more than six years.

Christopher Kuehn, Ingersoll-Rand's chief accounting officer since 2015, will succeed Carter following the closing of the transaction involving the company's industrial segment.

Carter will remain with the company to ensure the completion of the deal and facilitate a smooth transition in the CFO role, Ingersoll-Rand said in a press release.

In April, Ingersoll-Rand said it will spin off its industrial segment and combine it with Gardner Denver Holdings Inc., creating a company with an enterprise value of about $15 billion. The deal is expected to close in early 2020.