BELOIT, Wisc., Sept. 17 /PRNewswire-FirstCall/ -- Regal Beloit
Corporation (NYSE: RBC) announced today the appointment of
Charles (Chuck) Hinrichs as Vice
President and Chief Financial Officer, effective September 20, 2010. Mr. Hinrichs will
report directly to Henry Knueppel,
Chairman and Chief Executive Officer.
Mr. Hinrichs has 32 years of financial and accounting experience
including 18 years in corporate banking and 14 years with
Smurfit-Stone Container Corporation (NYSE: SSCC), a manufacturer of
containerboard and corrugated packaging. Mr. Hinrichs served
as Chief Financial Officer of SSCC from 2002 to 2009, and served as
Treasurer of the company from 1995 to 2002. Mr. Hinrichs received
his bachelor's degree in Accounting from the University of Missouri – St. Louis and his MBA from St. Louis University.
"We are very excited to have Chuck join the Regal Beloit
team," commented Henry Knueppel,
Chairman and Chief Executive Officer. "His prior
experience as CFO of a large public manufacturing company as well
as his extensive background in corporate finance, treasury, mergers
and acquisitions, investor relations and other finance activities
make him the right choice for Regal Beloit. With Chuck's
strong presence and excellent interpersonal skills, he'll be a
great addition to the Regal Beloit team."
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
Copyright . 17 PR Newswire