Regal Rexnord (NYSE: RRX) elevates Mark Klossner to lead IPS
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Regal Rexnord Corporation announced a planned leadership transition for its Industrial Powertrain Solutions (IPS) segment. Mark Klossner has been appointed Executive Vice President & President, IPS, effective June 1, 2026, succeeding Jerry Morton, who plans to retire after the close of business on December 31, 2026.
Morton, who has led IPS since 2023 and has a 39-year career in power transmission, will remain an Executive Vice President through his Retirement Date to support a smooth transition. Klossner joined Regal Rexnord via its March 2023 acquisition of Altra Industrial Motion and most recently oversaw the Couplings and Gearing Divisions, an approximately $1.4 billion portfolio.
The company highlights this move as part of a disciplined internal succession process overseen by its Board. CEO Louis Pinkham cites Klossner’s operational rigor, strategic vision, and industry expertise, while expressing appreciation for Morton’s long-term contributions to positioning Regal Rexnord for sustained growth.
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Insights
Regal Rexnord outlines an orderly, internally driven leadership transition for its IPS segment.
Regal Rexnord is transitioning leadership of its Industrial Powertrain Solutions segment from Jerry Morton to Mark Klossner. Morton remains as Executive Vice President until December 31, 2026, creating a long overlap period designed to support continuity in customer and employee relationships.
Klossner is an internal promotion who joined through the Altra Industrial Motion acquisition and has led an approximately $1.4 billion couplings and gearing portfolio. That background suggests familiarity with the company’s industrial platforms and integration priorities, but the disclosure does not quantify any expected financial impact from this change.
The event appears to be a standard succession-planning outcome rather than a response to operational issues. Future company filings and performance in the Industrial Powertrain Solutions segment will provide context on how Klossner’s leadership influences growth and profitability, but this communication itself remains largely informational.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Couplings and Gearing portfolio size: $1.4 billion portfolio
Associates worldwide: 30,000 associates
Morton’s industry career length: 39-year career
+2 more
5 metrics
Couplings and Gearing portfolio size
$1.4 billion portfolio
Klossner led an approximately $1.4 billion portfolio spanning five business units
Associates worldwide
30,000 associates
Regal Rexnord employs 30,000 associates around the world
Morton’s industry career length
39-year career
Morton has a 39-year career in the power transmission business
Morton’s tenure at Regal Rexnord
11 years
Morton will retire after 11 years with Regal Rexnord
Retirement Date
December 31, 2026
Morton plans to retire after close of business on December 31, 2026
Key Terms
Industrial Powertrain Solutions, forward-looking statements, executive vice president, secular demand tailwinds, +1 more
5 terms
Industrial Powertrain Solutions financial
"Regal Rexnord Names Mark Klossner EVP & 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.
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.
executive vice president financial
"Regal Rexnord announced the appointment of Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions (IPS)"
An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.
secular demand tailwinds financial
"The Company’s end markets benefit from meaningful secular demand tailwinds"
sustainability report other
"For more information, including a copy of our Sustainability Report, visit RegalRexnord.com."
A sustainability report is a document a company publishes that describes its environmental, social and governance practices, risks, and goals—essentially a report card on how the business impacts people and the planet. Investors use it to judge long-term risks and opportunities that don’t show up on the balance sheet, such as regulatory exposure, reputational damage or resource shortages; think of it like a building’s maintenance record that helps predict future repair costs and safety issues.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
_______________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 26, 2026
_______________________
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of Principal Executive Offices, Including Zip Code)
Registrant's Telephone Number: (608 ) 364-8800
_______________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
_______________________
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| Title of each class | Trading symbol | Name of each exchange on which registered | ||||||
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 26, 2026, Jerry Morton, Executive Vice President & President, Industrial Powertrain Solutions, informed Regal Rexnord Corporation (the “Company”) of his intention to retire from the Company, effective after the close of business on December 31, 2026 (the “Retirement Date”). During a transitional period beginning June 1, 2026 through the Retirement Date, Mr. Morton will be an Executive Vice President of the Company and will work to ensure a smooth leadership transition to his successor, Mark Klossner, who will begin to serve as Executive Vice President & President, Industrial Powertrain Solutions, effective June 1, 2026. Mr. Klossner joined the Company as part of the acquisition of Altra Industrial Motion Corporation in March 2023 and has most recently served as President of the Couplings and Gearing Divisions.
Mr. Morton will continue to receive his regular base salary and participate in the Company’s benefit plans (pursuant to the terms and conditions of such plans) until his Retirement Date and his outstanding equity awards and incentive compensation will continue to be subject to the terms of the applicable Company incentive plans and award agreements.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Index
| Exhibit Number | Exhibit Description | |||||||
| 99.1 | Press Release dated June 1, 2026 | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
REGAL REXNORD CORPORATION
Date: June 1, 2026 By: /s/ Molly Johnson
Molly Johnson
Vice President, Associate General Counsel & Assistant Secretary
 | Regal Rexnord Corporation 111 West Michigan Street Milwaukee, WI 53203 | www.regalrexnord.com | |||||||||
DATE: June 1, 2026 
CONTACT: Robert Barry
Vice President, Investor Relations
608.361.7530
Robert.Barry@regalrexnord.com
Regal Rexnord Names Mark Klossner EVP & President, Industrial Powertrain Solutions (IPS), Jerry Morton to Retire as EVP & President, IPS
MILWAUKEE, WI – 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.
FAQ
What leadership change did Regal Rexnord (RRX) announce in Industrial Powertrain Solutions?
Regal Rexnord appointed Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions, effective June 1, 2026. He succeeds Jerry Morton, who will retire as President and remain an Executive Vice President until December 31, 2026 to support a smooth transition.
When is Regal Rexnord executive Jerry Morton scheduled to retire?
Jerry Morton plans to retire from Regal Rexnord after the close of business on December 31, 2026. Until then, he will serve as an Executive Vice President, helping transition leadership of the Industrial Powertrain Solutions segment to his successor, Mark Klossner.
What is Mark Klossner’s background before becoming EVP & President IPS at Regal Rexnord (RRX)?
Before this promotion, Mark Klossner joined Regal Rexnord through its March 2023 acquisition of Altra Industrial Motion. He initially led the Couplings Division, then became Group President of the Couplings and Gearing Divisions, overseeing an approximately $1.4 billion portfolio across five business units.
How long has Jerry Morton been with Regal Rexnord and in the power transmission industry?
Jerry Morton has spent 11 years with Regal Rexnord and built a 39-year career in the power transmission business. His business joined Regal Rexnord’s portfolio through an acquisition from Emerson in 2015, and he has led the Industrial Powertrain Solutions segment since 2023.
How does Regal Rexnord describe its approach to this leadership succession?
Regal Rexnord states that Mark Klossner’s promotion reflects a disciplined internal succession planning process overseen by its Board of Directors. The company emphasizes continuity, with Morton remaining as Executive Vice President through December 31, 2026 to help ensure a smooth transition in the IPS segment.
What businesses and markets does Regal Rexnord (RRX) serve according to this update?
Regal Rexnord’s 30,000 associates provide electric motors, air moving subsystems, power transmission components, and automation products. End markets include discrete automation, food and beverage, aerospace and defense, medical, data centers, energy, buildings, general industrial, and metals and mining, supported by secular demand tailwinds.