Management ChangeJun 1, 2026, 07:12 AM
Regal Rexnord Names Mark Klossner IPS President; Jerry Morton to Retire
AI Summary
Regal Rexnord Corporation announced the appointment of Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions (IPS), effective June 1, 2026. Klossner, who joined the company through the Altra Industrial Motion acquisition in 2023, previously led the Couplings and Gearing Divisions. He succeeds Jerry Morton, who will retire on December 31, 2026, after 11 years with the company, and will remain as an Executive Vice President during a transitional period to ensure a smooth leadership handover.
Key Highlights
- Mark Klossner appointed EVP & President, Industrial Powertrain Solutions, effective June 1, 2026.
- Jerry Morton to retire as EVP & President, IPS, effective December 31, 2026.
- Morton will serve as EVP during a transition period from June 1 to December 31, 2026.
- Klossner joined Regal Rexnord in March 2023 via the Altra Industrial Motion acquisition.
- Klossner previously served as Group President of Couplings and Gearing Divisions, a $1.4 billion portfolio.
- Morton had a 39-year career in power transmission business, 11 years with Regal Rexnord.
Price Impact
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