Regal Rexnord Promotes Mark Klossner to Lead Industrial Powertrain Solutions
Event summary
- Mark Klossner appointed EVP & President of Industrial Powertrain Solutions (IPS) at Regal Rexnord, effective immediately.
- Jerry Morton, who led IPS since 2023, will retire on December 31, 2026, after 11 years with Regal Rexnord and 39 years in the power transmission business.
- Klossner joined Regal Rexnord in March 2023 via the Altra Industrial Motion acquisition and most recently led a $1.4 billion portfolio of couplings and gearing divisions.
- Klossner holds an MBA from Kellogg School of Management and engineering degrees from Northwestern and Cornell.
The big picture
Regal Rexnord's promotion of Mark Klossner to lead its Industrial Powertrain Solutions segment underscores the company's focus on internal succession planning and operational rigor. The move comes as the power transmission and industrial manufacturing sectors face increasing demand for sustainable and efficient motion solutions. Klossner's background in engineering and management, coupled with his experience at Altra Motion, positions him to navigate the complexities of a $1.4 billion portfolio. The transition also highlights the strategic importance of leadership continuity in maintaining profitable growth amidst evolving market dynamics.
What we're watching
- Leadership Transition
- How Klossner will leverage his operational experience to drive growth in the IPS segment, particularly given the segment's scale and market position.
- Strategic Vision
- Whether Klossner can sustain the momentum in couplings and gearing businesses while integrating the IPS segment's broader portfolio.
- Market Dynamics
- The pace at which Regal Rexnord can capitalize on secular demand tailwinds in end markets like discrete automation and aerospace & defense under new leadership.
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