Ingersoll Rand Appoints Nelson Peltz of Trian Partners to Board of Directors

Ingersoll-Rand

, a world leader in creating and sustaining safe, comfortable and efficient environments, and Trian Fund Management, L.P. (“Trian Partners”) today announced that Ingersoll Rand is expanding its Board of Directors with the appointment of Nelson Peltz, Chief Executive Officer and a founding partner of Trian Fund Management, L.P., effective August 10. This brings the number of directors on the Company's Board to twelve, of which eleven, including Mr. Peltz, are independent directors. Mr. Peltz will also join the Corporate Governance and Nominating Committee and the Finance Committee of Ingersoll Rand's Board of Directors. Mike Lamach, Ingersoll Rand's Chairman and Chief Executive Officer, said: “Following discussions with Trian Partners over the past few months, we have concluded that Nelson would be a valuable addition to Ingersoll Rand's Board. We welcome his perspective and ideas as we work towards our shared goal of enhancing value for our shareholders. Nelson brings over 40 years of business and investment experience to our Board, including implementation of strategic and operational improvements at many of the companies with which he has been involved.” Nelson Peltz commented, “Trian Partners is currently one of the largest shareholders of Ingersoll Rand, and we believe the company has great businesses and tremendous potential. I look forward to working closely and constructively with the Board and management as Ingersoll Rand evaluates strategic opportunities to drive growth and shareholder value, including proposals presented by Trian Partners and other alternatives identified by the Board. At Trian, we see a future where Ingersoll Rand's proven brands and leading market shares produce peer leading shareholder returns.”