BELOIT, Wis., April 15 /PRNewswire-FirstCall/ -- Regal Beloit
Corporation (NYSE: RBC) announced that Chief Financial Officer
David A. Barta will be leaving the
Company effective May 14, 2010 to
assume a similar role at another manufacturing company outside of
the Company's industry. Regal Beloit will immediately begin a
search for a new Chief Financial Officer.
"David has made many contributions to our company and the
community over the last six years," said Henry W. Knueppel, Chairman and Chief Executive
Officer. "On behalf of the Board, management, and employees
of our company, I want to express our appreciation and wish David
the best in his future endeavors."
"We are fortunate to have a first-rate finance team in place
that will provide for the seamless operation of our department
until we find a successor to David, and we are pleased that David
will be available to ensure a smooth transition," Mr. Knueppel
concluded.
Regal Beloit Corporation is a leading manufacturer of mechanical
and electrical motion control 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.
Website: www.regalbeloit.com
SOURCE Regal Beloit Corporation