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Regal Beloit Corporation (RBC)

NYSE - NYSE Delayed Price. Currency in USD
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76.05-0.35 (-0.46%)
At close: 4:02PM EDT

76.04 -0.01 (-0.01%)
After hours: 4:43PM EDT

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Regal Beloit Corporation

200 State Street
Beloit, WI 53511
United States
608-364-8800
http://www.regalbeloit.com

SectorIndustrial Goods
IndustryDiversified Machinery
Full Time Employees23,000

Key Executives

NameTitlePayExercisedAge
Mr. Mark J. GliebeCEO, Chairman & Pres1.57M493.15k56
Mr. Charles A. HinrichsVP & CFO712.91kN/A63
Mr. Jonathan J. SchlemmerChief Operating Officer847.18k121.68k51
Mr. John M. AvampatoVP & Chief Information Officer437.69k295.62k56
Mr. Terry R. ColvinVP of Corp. HR494.17k331.43k61
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, power generation and power transmission products worldwide. Its Commercial and Industrial Systems segment provides AC and DC motors, and controls; motors, electronic variable speed controls, and blowers; and starters, contactors, relays, variable frequency drives, and integrated solutions of components. This segment also offers precision stator and rotor kits; hazardous duty motors; and electric generators, automatic transfer switches, power generation and distribution switch gears, and components and system controls. Its products are primarily used in general commercial and industrial equipment, power generation, and oil and gas, as well as commercial heating, ventilation, and air conditioning applications. The company’s Climate Solutions segment offers motors, electronic variable speed controls, and blowers, as well as capacitors, precision stators, and rotor sets that are used in residential and light commercial HVAC, and commercial refrigeration and water heaters. Its Power Transmission Solutions segment provides mounted and unmounted bearings; conveyor products; disc products, patented diaphragms, gear couplings, couplings and transmission elements, gears, grids, jaws, elastomers, and joints; mechanical power transmission drives, components, and bearings; and worm gearing, shaft mount reducer, helical concentric and right angle, bevel and miter gearing, center pivot gearing, and open gearing products. Its products are used in material handling, industrial equipment, and energy and off-road equipment. The company serves original equipment manufacturers, end-user customers, manufacturers of HVAC products and refrigeration systems, and system integrators through a network of sales representatives and distributors. Regal Beloit Corporation was founded in 1955 and is based in Beloit, Wisconsin.

Corporate Governance

Regal Beloit Corporation’s ISS Governance QualityScore as of August 1, 2017 is 1. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 1; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.