Regal Beloit Appoints New Vice President, General Counsel and Secretary

News provided by

Sep 10, 2010, 04:51 ET

BELOIT, Wis., Sept. 10 /PRNewswire-FirstCall/ -- Regal Beloit Corporation (NYSE: RBC) announced today the appointment of Peter C. Underwood as Vice President, General Counsel and Secretary, effective September 27, 2010. Mr. Underwood will be responsible for all legal activities and will report directly to Henry Knueppel, Chairman and Chief Executive Officer.

Mr. Underwood comes to Regal Beloit from the Milwaukee office of Foley & Lardner LLP, where he was a partner specializing in mergers and acquisitions, securities laws, reporting compliance, and corporate governance. He has extensive experience with a wide variety of domestic and international corporate transactions, with a particular focus on advising public and private manufacturing businesses.

Mr. Underwood received his bachelor's degree in international relations (Soviet area studies) from the University of Wisconsin - Madison in 1992, where he was also named to the Academic All Big Ten football team. Mr. Underwood studied Russian language and culture at Moscow State University in Moscow, Russia in 1992 before earning his J.D. degree from Harvard Law School in 1996.

"We are very excited to have Pete join the Regal Beloit team," commented Henry Knueppel, Chairman and CEO. "He brings a unique combination of skills including a strong background in corporate law, a global perspective and a mindset of teamwork and collaboration. We look forward to his contributions and leadership."

Regal Beloit Corporation is a leading manufacturer of mechanical and electrical motion control and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal Beloit's common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.

Website: www.regalbeloit.com

SOURCE Regal Beloit Corporation