Regal Rexnord Corporation
Regal Rexnord Corp Announces Retirement of Executive Vice President and Director Elections
Summary
Regal Rexnord Corp announced the retirement of Thomas E. Valentyn, its Executive Vice President and Secretary, effective immediately following the 2024 Annual Meeting. Valentyn will continue in an advisory capacity until his full retirement on July 12, 2024. The company also held its Annual Meeting on April 23, 2024, where ten directors were elected, a shareholder advisory vote on executive compensation was conducted, and the selection of Deloitte & Touche LLP as the independent auditor was ratified. Additionally, the Compensation and Human Resources Committee approved an amendment to the Supplemental Retirement Plan to allow non-employee directors to defer their annual equity awards.
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About Regal Rexnord Corporation
Regal Rexnord Corporation is an industrial conglomerate specializing in the engineering and provision of high-efficiency electric motors, power transmission products, and electronic controls. As a key player in manufacturing, the company serves a plethora of sectors, including HVAC, food and beverage processing, transportation, and material handling industries. Regal Rexnord's offerings include a wide array of components from bearings and couplings to gear drives and electric motors, all pivotal for infrastructure and industrial applications. By combining Regal's robust motor technology with Rexnord's advanced power transmission systems, the corporation is positioned to enhance energy efficiency and reliability in operations worldwide. Established through the merger of Regal Beloit Corporation and Rexnord Process & Motion Control segment, the company sets industry standards for innovation and productivity. Its focus on sustainable and efficient mechanical components makes Regal Rexnord a crucial contributor to modern industrial processes, reflecting its importance in the global supply chain and industrial market landscape.
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