Regal Rexnord Names Mark Klossner EVP & President, Industrial Powertrain Solutions (IPS), Jerry Morton to Retire as EVP & President, IPS
Rhea-AI Summary
Regal Rexnord (NYSE: RRX) appointed Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions (IPS), effective immediately. He succeeds Jerry Morton, who will retire on December 31, 2026 after remaining as Executive Vice President to support the transition.
Klossner previously led Regal Rexnord’s Couplings and Gearing Divisions, an approximately $1.4 billion portfolio spanning five business units, and earlier held senior leadership roles at Altra Industrial Motion. The company highlights its three segments: Automation & Motion Control, Industrial Powertrain Solutions, and Power Efficiency Solutions.
Positive
- Internal promotion to lead IPS following structured succession planning
- New IPS leader previously oversaw approximately $1.4 billion portfolio
Negative
- Retirement of long-tenured IPS leader may create leadership transition risk
News Market Reaction – RRX
In the Jun 1 session, RRX gained 0.16%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 07 | Conference participation | Positive | -10.8% | Management highlighted segments and markets at an Oppenheimer industrial conference. |
| May 06 | Quarterly earnings | Positive | -10.8% | Reported 1Q 2026 sales and earnings growth with reaffirmed EPS guidance. |
| Apr 27 | Dividend declaration | Positive | -1.7% | Board declared a quarterly cash dividend of $0.35 per share. |
| Apr 22 | CEO succession | Positive | +1.6% | Company named Aamir Paul as next CEO effective by July 1, 2026. |
| Apr 08 | Earnings call notice | Neutral | +10.1% | Announced schedule and access details for the 1Q 2026 earnings call. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent history shows several instances where ostensibly positive corporate or financial news coincided with negative one-day price reactions.
Over the last few months, Regal Rexnord reported strong 1Q 2026 results, including $1,479.1 million in sales and $64.3 million GAAP net income, yet the stock fell about 10.85% the next day. A quarterly dividend of $0.35 per share and participation in investor conferences also saw modest to sharp declines. By contrast, the announcement of Aamir Paul as next CEO produced a roughly 1.64% gain. Today’s IPS leadership transition fits into this stream of governance and strategy updates.
Key Terms
industrial powertrain solutions technical
power transmission technical
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Klossner's promotion reflects Regal Rexnord's disciplined internal succession planning process, overseen by its Board of Directors. Klossner joined Regal Rexnord as part of the acquisition of Altra Industrial Motion Corporation in March 2023, serving initially as Senior Vice President & General Manager of the Couplings Division. In June 2024, he was promoted to Group President of the Couplings and Gearing Divisions, an approximately
Klossner holds an MBA from the Kellogg School of Management, a Master of Engineering Management from the McCormick School of Engineering at Northwestern University, and a B.S. in Materials Science and Engineering from Cornell University.
Louis Pinkham, CEO of Regal Rexnord, commented, "Mark brings a powerful combination of operational rigor, strategic vision, and deep product and industry expertise to this role. Over the past several years, he has demonstrated exceptional leadership, driving growth across our couplings and gearing businesses. I am confident Mark will continue to build on that momentum and lead the Industrial Powertrain Solutions segment into its next phase of profitable growth."
Klossner said, "I am honored to step into this role and excited about the opportunity ahead. Industrial Powertrain Solutions has a strong foundation, including unrivaled product and go-to-market scale and scope in the markets it serves. I look forward to working with our talented teams around the world to serve our customers and accelerate profitable growth."
Pinkham added, "On behalf of the entire Regal Rexnord team, I want to thank Jerry for his decades of leadership, commitment, and impact. He has played a critical role in positioning our company for long-term success, and his influence will be felt for years to come. We wish Jerry and his family the very best in his retirement."
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 discrete automation, food & beverage, aerospace & defense, medical, data center, energy, residential and commercial buildings, general industrial, and metals and mining.
Regal Rexnord is comprised of three operating segments: Automation & Motion Control, Industrial Powertrain Solutions, and Power Efficiency Solutions. 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.
Forward Looking Statements
All statements in this communication, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements can generally be identified by their use of terms such as "anticipate," "believe," "expect," "intend," "plan," "may," "will," "would," "could," "should," and similar expressions, including references to assumptions. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements.
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SOURCE Regal Rexnord Corporation