He held this job for a year until he was named president and chief executive officer. Bill held this position until 1962. In 1962 Bill joined the Ingersoll-Rand Company as a vice president and director. In 1967 he was named chairman and chief executive officer. He held this position until his retirement in 1980. After retirement he continued to serve Ingersoll-Rand as a director and chairman of the Executive Committee.
In 1959 Bill Wearly was awarded an honorary doctor of engineering by Purdue University. In 1972 he was also awarded an honorary doctor of humanities by Wilkes College.
Bill Wearly had active affiliations with many industry organizations. He served as director of the Bituminous Coal Research Corporation, as director of the American Mining Congress, and as chairman of the Manufacturers Committee of the American Mining Congress. He was also director of the Bituminous Coal Association and director of the National Association of Manufacturers. In addition, he was chairman of the International Committee of the National Association of Manufacturers and chairman of the European–American Business Council and chairman of the British–North American Committee Management Executive Society. He also served as director of the Machinery and Allied Products Institute and as director of the Logistics Management Institute.
In addition to his membership in the National Academy of Engineering, Bill Wearly was a member of the Institute of Electrical and Electronics Engineers (IEEE); the American Institute of Mining, Metallurgical, and Petroleum Engineers; and the Society of Mining Engineers.
Wearly was also director of a number of corporations. These included the Bank of New York, Babcock & Wilcox, McDermott, American Cyanamide Corporation, Sperry Corporation, U.M.C. Inc., Asarco, Cummins-American Corporation, United Engineering & Foundry, ASA Ltd., and Driall Inc. Bill also served on the President’s Grace Commission on Government Waste and was co-chairman of the Veterans Administration.
Bill Wearly made many noteworthy contributions to the development of more efficient industrial and mining