Hamilton, Bermuda, June
16, 2008 - Ingersoll-Rand Company Limited (NYSE:IR) today announced the appointment
of Steven B. Hochhauser as president of its Security Technologies Sector, a
$3 billion business that makes homes and business environments safe, secure
and productive. He succeeds Michael W. Lamach, who, as previously announced,
was appointed president of Trane Commercial Systems following Ingersoll Rand's
acquisition of Trane Inc. Hochhauser, 47, also will be recommended to the Board
of Directors for election as a senior vice president of the company.
Hochhauser most recently
was chairman, president and chief executive officer of Johns Manville, a global
manufacturer and marketer of premium engineered materials and building products
with revenues of more than $2 billion. Prior to that, Hochhauser held leadership
positions within Allied Signal/Honeywell as vice president and general manager
of Engineered Applications and Solutions; president and general manager of Laminates
Systems; and president and general manager of the Allied Signal Oak-Mitsui joint
venture. Earlier in his career, Hochhauser held management positions with United
Technologies and Rockwell International. He holds a bachelor's degree in Mathematics
and Computer Science from the State University of New York in Binghamton.
"Steve's leadership
experience and demonstrated success with complex global businesses provide the
necessary attributes to help us build upon our leadership in global security
markets," said Herb Henkel, Chairman and CEO of Ingersoll Rand. "In
addition, Steve is well suited to continue the Security Technologies Sector's
growth trajectory through a focus on innovation, new product development and
ongoing expansion of the sector's global profile."