Regal Rexnord Names Mark Klossner EVP & President, Industrial Powertrain Solutions (IPS), Jerry Morton to Retire as EVP & President, IPS

Regal Rexnord (NYSE: RRX) appointed Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions (IPS), effective immediately.

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

Argus Jun 1 session

+0.16% close to close Open Argus

Details

News Market Reaction – RRX

In the Jun 1 session, RRX gained 0.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details an orderly leadership transition for Regal Rexnord’s Industrial Powertrain...

Analysis

This announcement details an orderly leadership transition for Regal Rexnord’s Industrial Powertrain Solutions segment, with Mark Klossner assuming the EVP & President role while Jerry Morton remains through December 31, 2026 to support continuity. It builds on earlier governance updates, including the naming of a new CEO and recent strong 1Q 2026 results with sales of $1,479.1 million. Investors may watch how IPS performance trends, especially across the roughly $1.4 billion couplings and gearing portfolio and broader end markets.

Key Figures

Couplings & Gearing portfolio: $1.4 billion Business units: 5 units Morton industry career: 39 years +5 more

Couplings & Gearing portfolio

$1.4 billion

Portfolio size across five business units

Business units

5 units

Couplings and Gearing Divisions span five business units

Morton industry career

39 years

Career in the power transmission business

Morton tenure at RRX

11 years

Time with Regal Rexnord since 2015 acquisition

Klossner tenure at Altra

19 years

Time spent at Altra Motion before joining Regal Rexnord

Retirement date

December 31, 2026

Jerry Morton expected retirement date

Global associates

30,000 associates

Worldwide Regal Rexnord workforce

Operating segments

3 segments

Automation & Motion Control, IPS, Power Efficiency Solutions

Historical Context

5 past events · Latest: May 07

5 events

1. May 07

   Conference participation

   24h Move

   -10.8%

   Management highlighted segments and markets at an Oppenheimer industrial conference.

2. May 06

   Quarterly earnings

   24h Move

   -10.8%

   Reported 1Q 2026 sales and earnings growth with reaffirmed EPS guidance.

3. Apr 27

   Dividend declaration

   24h Move

   -1.7%

   Board declared a quarterly cash dividend of $0.35 per share.

4. Apr 22

   CEO succession

   24h Move

   +1.6%

   Company named Aamir Paul as next CEO effective by July 1, 2026.

5. Apr 08

   Earnings call notice

   24h Move

   +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.

Key Terms

industrial powertrain solutions, power transmission, forward-looking statements

3 terms

industrial powertrain solutions technical

"appointed Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions (IPS)"

Industrial powertrain solutions are the combined mechanical and electrical systems — engines or electric motors, transmissions or gearboxes, control electronics and related components — that deliver and control power in heavy equipment such as factory machinery, construction vehicles and generators. They matter to investors because these systems drive energy efficiency, reliability, maintenance costs and compliance, directly affecting a maker’s operating margins, after‑sales revenue and competitiveness; a shift in powertrain technology can materially change future demand and profitability.

power transmission technical

"a distinguished 39-year career in the power transmission business"

Power transmission is the network of high-voltage lines, substations and equipment that carries electricity from where it’s generated to the local distribution systems that deliver it to homes and businesses. Think of it as the highway system for electricity; its condition and capacity determine how reliably power flows, how costly upgrades are, and how easily new energy sources can connect—factors that directly affect utility revenues, capital spending and long-term investor returns.

forward-looking statements regulatory

"All statements in this communication, other than those relating to historical facts, are "forward-looking statements.""

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MILWAUKEE, June 1, 2026 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today announced the appointment of Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions (IPS), effective immediately. He succeeds Jerry Morton, who will retire after 11 years with Regal Rexnord and a distinguished 39-year career in the power transmission business, which joined the company's portfolio when it was acquired from Emerson in 2015. Morton has served as Executive Vice President & President, IPS since 2023 and will remain with the company as Executive Vice President until his retirement on December 31, 2026 to help ensure a smooth leadership transition.

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 $1.4 billion portfolio spanning five business units. Prior to joining the company, Klossner spent 19 years with Altra Motion where he was the President of Altra's Gearing Division for six years and President of the Altra Couplings Division for seven years.

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. 

View original content:https://www.prnewswire.com/news-releases/regal-rexnord-names-mark-klossner-evp--president-industrial-powertrain-solutions-ips-jerry-morton-to-retire-as-evp--president-ips-302786094.html

SOURCE Regal Rexnord Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What leadership change did Regal Rexnord (RRX) announce on June 1, 2026?

Regal Rexnord appointed Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions (IPS), effective immediately. He replaces Jerry Morton, who will stay as Executive Vice President until his planned retirement on December 31, 2026 to support a smooth transition.

Who is Mark Klossner, the new IPS President at Regal Rexnord (RRX)?

Mark Klossner is the new EVP & President of Industrial Powertrain Solutions. According to Regal Rexnord, he previously served as Group President of the Couplings and Gearing Divisions, overseeing an approximately $1.4 billion portfolio, and earlier led key divisions at Altra Industrial Motion.

When is Jerry Morton retiring from Regal Rexnord (RRX) and what is his role until then?

Jerry Morton plans to retire from Regal Rexnord on December 31, 2026. Until that date, he will serve as Executive Vice President to help ensure leadership continuity and support the transition of the Industrial Powertrain Solutions segment to his successor, Mark Klossner.

How does the IPS leadership change affect Regal Rexnord’s succession planning?

The IPS leadership change reflects Regal Rexnord’s internal succession planning overseen by its board. According to Regal Rexnord, promoting Mark Klossner from within follows his prior roles leading the Couplings and Gearing portfolio, supporting continuity in strategy and operations for the IPS segment.

What are the main business segments of Regal Rexnord (NYSE: RRX)?

Regal Rexnord operates through three main segments: Automation & Motion Control, Industrial Powertrain Solutions, and Power Efficiency Solutions. According to Regal Rexnord, its products power, transmit, and control motion across end markets including automation, food and beverage, aerospace, medical, data centers, energy, and buildings.