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Rexnord Corporation Adds New Directors to Board

May 22, 2019

MILWAUKEE--(BUSINESS WIRE)--May 22, 2019--

Rexnord Corporation (NYSE: RXN) announced today that Peggy Troy, President and Chief Executive Officer of Children’s Hospital of Wisconsin, and Rose Schooler, Corporate Vice President, Global Data Center Sales for Intel Corporation, joined the company’s Board of Directors effective May 20, 2019.

“We are very pleased to add these two accomplished business leaders to the Rexnord board,” said Paul W. Jones, Non-Executive Chairman of Rexnord. “They bring a powerful mix of expertise and proven leadership in the areas of health care and technology, respectively. Their addition is part of our ongoing commitment to ensure we are leveraging both industry-relevant and diverse experience to help the company execute strategically and drive shareholder value.”

“We are delighted to have recruited Peggy and Rose to our board,” said Todd A. Adams, President and Chief Executive Officer of Rexnord. “Their backgrounds and perspectives will complement our existing board and provide valuable insight to the management team as we execute our Solving Smarter initiatives.”

Troy has served as President and Chief Executive Officer of Children’s Hospital since 2009. Regularly recognized as one of the leading pediatric health care centers in the United States, the hospital also operates the largest social service agency in Wisconsin, as well as a health insurance company. She holds a bachelor’s degree in Nursing from Marquette University and a master’s degree in Nursing from DePaul University.

Schooler serves as Corporate Vice President, Global Data Center Sales at Intel Corporation, having joined the company in 1989. Prior to her current role, Schooler served as Corporate Vice President, Internet of Things (IoT) for Intel. She holds a bachelor’s degree in Ceramic Science and Engineering from Penn State University.

About Rexnord

Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 7,000 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Additional information can be found at  www.rexnordcorporation.com.

Forward-Looking Statements

Information in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Rexnord Corporation as of the date of the release, and Rexnord Corporation assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements” in the Company’s Form 10-K for the fiscal year ended March 31, 2019 as well as the Company’s annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the SEC for a further discussion of the factors and risks associated with the business.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005805/en/

CONTACT: Media Contact:

Angela Hersil

Director, Corporate Communications

855-480-5050

KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN

INDUSTRY KEYWORD: BUILDING SYSTEMS MANUFACTURING ENGINEERING OTHER MANUFACTURING CONSTRUCTION & PROPERTY

SOURCE: Rexnord Corporation

Copyright Business Wire 2019.

PUB: 05/22/2019 04:30 PM/DISC: 05/22/2019 04:30 PM

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