MILWAUKEE, Feb. 18,
2025 /PRNewswire/ -- Regal Rexnord Corporation
(NYSE: RRX)
Regal Rexnord Corporation (NYSE: RRX) announced today the
appointment of two new directors to the Board of Directors,
Rashida A. Hodge and Gerben W. Bakker, effective February 17, 2025. The initial terms of Ms. Hodge
and Mr. Bakker on the Board will continue until the 2025 annual
meeting of shareholders, at which they will both be up for
election.
Ms. Hodge currently serves as Microsoft's Corporate Vice
President of Customer Success – Azure Data and Artificial
Intelligence (AI), where she leads the global commercial business,
accelerating data-driven digital transformations for customers.
Prior to Microsoft, Ms. Hodge was the Global Vice President at IBM,
with two decades of experience as a sales and services enterprise
leader providing transformative strategies in hardware, software
and services, including leading the commercialization of IBM
Watson. She also serves on the board of directors of Sonatype, a
Vista Equity portfolio company, where she influences the field of
software supply chain management and AI governance.
Mr. Bakker serves as Chairman, President and Chief
Executive Officer of Hubbell Incorporated, an international
manufacturer of high quality, reliable electrical and utility
solutions for a broad range of customer and end market
applications. Prior to this appointment in 2020, he served as
Hubbell's Chief Operating Officer as of June
2019, after serving as President of the Power Systems group
since 2014. Mr. Bakker began his career with Hubbell in 1988 as a
manufacturing engineer with Hubbell Wiring Systems and has held
positions of increasing leadership around the world in both
Hubbell's utility and electrical segments.
Regal Rexnord Chief Executive Officer, Louis Pinkham, commented, "We're excited for
Rashida and Gerben to join our Board. Rashida brings a wealth of
experience as a technology and AI leader and Gerben brings valuable
experience and strategic focus as a public company CEO leading a
global manufacturing company. We are confident that their
experiences will benefit our Board and Company
immediately."
"Rashida and Gerben are high-caliber leaders with proven track
record of success whose exceptional experience, insights and
commitment to excellence make them a great fit for our Board of
Directors to help further strengthen Regal Rexnord's position for
long-term success," said Regal Rexnord Board non-executive
Chairman, Rakesh Sachdev.
Regal Rexnord also announced today that Anesa Chaibi is
retiring from its Board of Directors, effective February 17, 2025, following her appointment as
the Chief Executive Officer of Global Industrial Company, a leading
industrial distribution company. Mr. Sachdev said, "On behalf of
our Board of Directors and management team, I would like to
congratulate Anesa on her new position and thank her for her
leadership, strategic insight, and invaluable contributions to
Regal Rexnord for over ten years as a member of our Board."
Additionally, the Company announced an increase in the size of
the Board from ten to eleven directors.
About Regal Rexnord
Regal Rexnord's 30,000 associates around the world help create a
better tomorrow by providing sustainable solutions that power,
transmit and control motion. The Company's electric motors and air
moving subsystems provide the power to create motion. A portfolio
of highly engineered power transmission components and subsystems
efficiently transmits motion to power industrial applications. The
Company's automation offering, comprised of controllers, drives,
precision motors, and actuators, controls motion in applications
ranging from factory automation to precision tools used in surgical
applications.
The Company's end markets benefit from meaningful secular demand
tailwinds, and include factory automation, food & beverage,
aerospace, medical, data center, warehouse, alternative energy,
residential and commercial buildings, general industrial,
construction, metals and mining, and agriculture.
Regal Rexnord is comprised of three operating segments:
Industrial Powertrain Solutions, Power Efficiency Solutions, and
Automation & Motion Control. Regal Rexnord is headquartered in
Milwaukee, Wisconsin and has
manufacturing, sales and service facilities worldwide. For more
information, including a copy of our Sustainability Report, visit
RegalRexnord.com.
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SOURCE Regal Rexnord Corporation
