Regal Beloit Announces New Chief Operating Officer
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April 21, 2011 (Beloit, WI): Regal Beloit Corporation (NYSE:RBC) today
announced that Jonathan J. Schlemmer will assume the role of Chief
Operating Officer effective May 2, 2011. Mr. Schlemmer will oversee the
company's day-to-day
business operations and will report directly to the
company's Chief Executive Officer.
Mr. Schlemmer is currently the company's Senior Vice President - Asia
Pacific, a position he has held since January 2010. Prior to that, Mr.
Schlemmer served as the company's Vice President - Technology since
2005. Before joining Regal Beloit, Mr. Schlemmer worked for the General
Electric Corporation in its electric motors business in a variety of roles
including quality, Six Sigma and engineering. Mr. Schlemmer, who is a
certified Six Sigma Master Blackbelt, has a Bachelor Degree in Electrical
Engineering from Purdue University.
"We are extremely pleased to have Jon serve as our next COO," said Mark
J. Gliebe, the company's current President and Chief Operating Officer who
will become Chief Executive Officer on May 2, 2011. "Jon has a wide range
of experience with and a tremendous grasp of our business and a vision for
the future of the electric motor and controls industry. His broad level of
experience with engineering, quality, sourcing, technology and operations
and his demonstrated leadership skills make him wellsuited
to take this
important position in our company," said Mr. Gliebe. "Additionally, Jon has
a strong and capable team to work with, and I'm very confident in his ability
to lead the organization."
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 Beloit, Wisconsin, and has manufacturing,
sales, and service facilities throughout the United States, Canada, Mexico, Europe and
Asia. Regal Beloit's common stock is a component of the S&P Mid Cap 400 Index and
the Russell 2000 Index.
