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Ms. Jan A. Bertsch has joined the Regal Beloit Corporation (NYSE:RBC)’s Board of Directors

Regal Beloit Corporation (NYSE:RBC) stock observed trading -9.94% off 52-week high price. On the other end, the stock has been noted 19.07% away from low price over the last 52-weeks. The stock disclosed a move of -2.18% away from 50 day moving average and -0.28% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.94% off 20-day moving average. It has market cap of $3418.05M and dividend yield of 1.53%.

On June 17, 2019, Regal Beloit Corporation (NYSE:RBC) announced that Ms. Jan A. Bertsch has joined the Company’s Board of Directors. Her initial term on the board will continue until the 2020 annual meeting of shareholders. Additionally, the Company announced an increase in the size of the board from nine to ten directors and determined that Ms. Bertsch will join the Board’s Audit Committee, effective immediately.

Ms. Bertsch recently retired from Owens-Illinois, the world’s leading glass container manufacturer with revenues of $6.9 billion in 2018, where she was Senior Vice President and Chief Financial Officer since 2015. Prior to joining Owens-Illinois, Ms. Bertsch served since 2012 as Executive Vice President and Chief Financial Officer for Sigma-Aldrich, a $2.8 billion life science and technology company. Prior to joining Sigma-Aldrich, Ms. Bertsch was Treasurer and then Vice President, Controller and Principal Accounting Officer at BorgWarner. She also served as Corporate Treasurer and Chief Information Officer at Chrysler LLC and earlier in various roles of increasing responsibility in Finance and Treasury at Ford Motor Company. Ms. Bertsch has a B.S. in Finance from Wayne State University and an M.B.A. from Eastern Michigan University. She also serves as a director of BWX Technologies and Meritor

Having served as a senior financial leader in several global manufacturing companies, Jan brings a great wealth of experience to the Regal board. She has been a CFO with a solid track record in operations and strategy, value creation and asset optimization, said Regal Board Chairman, Rakesh Sachdev. Chief Executive Officer, Louis Pinkham added, Ms. Bertsch’s impressive credentials and experience make her an ideal fit for our organization and will strengthen our board. The USA based company Regal Beloit Corporation moved with change of -1.09% to $78.63 with the total traded volume of 232793 shares in recent session versus to an average volume of 222.74K. The stock was observed in the 5 days activity at -1.17%. The one month performance of stock was 2.61%. RBC’s shares are at -4.92% for the quarter and driving a -3.82% return over the course of the past year and is now at 12.25% since this point in 2018.  Right now the stock beta is 1.62. The average volatility for the week and month was at 1.60% and 1.81% respectively. There are 43.47M shares outstanding and 42.19M shares are floated in market.

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