– USA, WI – Regal Beloit Corporation (NYSE:RBC) announced today that Ms. Anesa Chaibi will join the Company’s Board of Directors effective November 10, 2014 as a Class “A” Director with her initial term continuing until the 2015 annual shareholders meeting. Additionally, the Company announced an increase in the size of the board from nine to ten directors.
“The Regal Board of Directors is very pleased to have Anesa join our team. She has an exceptional and varied background, and possesses the skills and qualities that will make a valuable contributor to our efforts to increase shareholder value,” stated Mark Gliebe, Regal Beloit Corporation’s Chairman and Chief Executive Officer.
About Regal Beloit Corporation
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 is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal’s common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.
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