Regal Rexnord Corporation Announces Aamir Paul As Its Next Chief Executive Officer
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
EPS Growth %: +4.4%
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As previously disclosed on
"After a comprehensive search, the Board concluded that Aamir is an exceptional leader who is well-prepared to guide Regal Rexnord through its next phase of growth" said
Added
The Company does not plan to provide additional commentary on the CEO transition prior to its first quarter earnings conference call, scheduled for
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
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, including but not limited to factors that can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, which is available on our Investor Relations website. Forward-looking statements are given only as of the date of this communication and we disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
View original content:https://www.prnewswire.com/news-releases/regal-rexnord-corporation-announces-aamir-paul-as-its-next-chief-executive-officer-302749515.html
SOURCE Regal Rexnord Corporation
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