Regal Rexnord taps Mark Klossner to lead $1.4B Industrial Powertrain segment
RRX•Regal Rexnord appointed Mark Klossner as Executive Vice President & President of its Industrial Powertrain Solutions segment, succeeding Jerry Morton who will retire on December 31, 2026 after 11 years with the company and a 39-year industry career. Klossner joins from roles including Group President of a $1.4 billion couplings and gearing portfolio and brings an MBA from Kellogg, an MEM from McCormick and a BS from Cornell to lead IPS into its next growth phase.
1. Executive Leadership Change
Regal Rexnord announced the immediate appointment of Mark Klossner as Executive Vice President & President of its Industrial Powertrain Solutions segment, succeeding long-time IPS leader Jerry Morton. Morton will retire on December 31, 2026 after 39 years in power transmission and 11 years with Regal Rexnord.
2. Klossner's Background
Klossner joined Regal Rexnord through the March 2023 Altra Industrial Motion acquisition, initially as Senior Vice President & General Manager of the Couplings Division and later as Group President of the combined $1.4 billion couplings and gearing portfolio. He holds an MBA from Kellogg, a Master of Engineering Management from McCormick and a BS in Materials Science and Engineering from Cornell.
3. Strategic Outlook
The board emphasized disciplined succession planning to ensure stability and growth in IPS, which serves markets such as aerospace, data centers and industrial automation. CEO Louis Pinkham cited Klossner's operational rigor and strategic vision as key to driving profitable growth in the segment.
