Regal Rexnord (RRX) has issued an announcement.
Thomas E. Valentyn is set to retire from his executive role at Regal Rexnord Corporation following the 2024 annual meeting, transitioning into an advisory role until his final retirement on July 12, 2024. Hugo Dubovoy, Jr. has been appointed to succeed him. Additionally, the company has amended its Supplemental Retirement Plan to allow non-employee directors to defer their equity awards, which will now be granted as restricted stock units. In the recent annual meeting, ten directors were elected for the following year, executive compensation was approved, and Deloitte & Touche LLP was ratified as the independent accounting firm for 2024.
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