Herbert L. Henkel is the former Chairman, President, and CEO of Ingersoll Rand, a major player in industrial manufacturing. He holds a Bachelor's degree in Mechanical Engineering from the University of Michigan and has been involved in engineering throughout his...

Herbert L. Henkel is the former Chairman, President, and CEO of Ingersoll Rand, a major player in industrial manufacturing. He holds a Bachelor's degree in Mechanical Engineering from the University of Michigan and has been involved in engineering throughout his career. Herbert took the helm at Ingersoll Rand in October 1999 and led the company through significant transformation until his retirement in 2010. Before joining Ingersoll Rand, he had a solid background at Textron, where he served as Chief Operating Officer, managing various segments of a diverse multi-industry giant. His compensation reflected the challenges of his role, reaching up to $2 million in bonuses in strong years, while also overseeing substantial stock option grants. One interesting fact about his tenure is that he navigated the company during a period of economic downturn, adapting strategies to maintain performance metrics like earnings per share and cash flow, which were crucial for his bonus structure. Henkel's legacy at Ingersoll Rand includes a focus on aligning executive performance with the company's long-term goals, showing that he truly understood the importance of both engineering and management in a tough market.