Regal Rexnord Corporation announced the appointment of Mark Klossner as Executive Vice President & President, Industrial Powertrain Solutions (IPS), effective June 1, 2026. He succeeded Jerry Morton, who will retire after 11 years with Regal Rexnord and a 39-year career in the power transmission business, which joined the company's portfolio when it was acquired from Emerson in 2015. Morton has served as Executive Vice President & President, IPS since 2023 and will remain with the company as Executive Vice President until his retirement on December 31, 2026 to help ensure a smooth leadership transition.
Klossner joined Regal Rexnord as part of the acquisition of Altra Industrial Motion Corporation in March 2023, serving initially as Senior Vice President & General Manager of the Couplings Division. In June 2024, he was promoted to Group President of the Couplings and Gearing Divisions, an approximately $1.4 billion portfolio spanning five business units. Prior to joining the company, Klossner spent 19 years with Altra Motion where he was the President of Altra's Gearing Division for six years and President of the Altra Couplings Division for seven years.
Klossner holds an MBA from the Kellogg School of Management, a Master of Engineering Management from the McCormick School of Engineering at Northwestern University, and a B.S. in Materials Science and Engineering from Cornell University.
Regal Rexnord Corporation provides sustainable solutions that power, transmit and control motion. Its electric motors and air moving subsystems provide the power to create motion. Its segments include Automation & Motion Control (AMC), Industrial Powertrain Solutions (IPS), and Power Efficiency Solutions (PES). The AMC segment designs, produces and services conveyor products, conveying automation subsystems, aerospace components, precision motion control solutions, among others. The IPS segment designs, produces, and services a portfolio of engineered transmission products, including mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes and gear motors, clutches, brakes, and industrial powertrain components and solutions. The PES segment designs and produces fractional to approximately five horsepower AC and DC motors, electronic variable speed controls, electronic drives, fans and blowers, among others.
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