Jan. 3, 2012
/PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today announced that its Board of Directors has appointed
Mark J. Gliebe
, the Company's current President and Chief Executive Officer and a member of the Board of Directors, to serve as Chairman of the Board effective
, 2012. Mr. Gliebe succeeds
Henry W. Knueppel
, who has resigned from the position of Chairman of the Board pursuant to the plan previously announced. Mr. Knueppel will remain on the Board of Directors.
Regal Beloit Corporation is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Regal Beloit is headquartered in
, and has manufacturing, sales, and service facilities throughout
the United States
and Asia. Regal Beloit's common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.
SOURCE Regal Beloit Corporation