Regal Rexnord Corporation announced that On April 23, 2024, effective immediately following the 2024 annual meeting of shareholders, Thomas E. Valentyn?s role as an executive officer of the Company and the Company Secretary concluded, consistent with his previously announced retirement plans. Mr. Valentyn will continue as an Executive Vice President for a transitional period, in an advisory capacity, prior to his full retirement date of July 12, 2024. During this transitional period, Mr. Valentyn will continue to receive his regular base salary, participate in the Company?s benefit plans (pursuant to the terms and conditions of such plans) and be paid for all accrued and unused vacation and any unreimbursed business expenses in accordance with Company policy.

Upon Mr. Valentyn?s retirement, his outstanding equity awards and incentive compensation will continue to be subject to the terms of the applicable Company equity incentive plans and the applicable award agreements. The Company?s Board of Directors has appointed Hugo Dubovoy, Jr. to serve as Executive Vice President, General Counsel and Corporate Secretary.