Rexnord’s non-executive chairman to retire in July

Freeman Staff

June 11, 2015

MILWAUKEE — Rexnord Corporation announced Thursday that Non-Executive Chairman George M. Sherman will retire after the company’s annual meeting of stockholders in July. Paul W. Jones has already been selected as his replacement.

“I am confident that Rexnord is well positioned for success and as I worked with Paul Jones during the transition, where we jointly reviewed strategy, organization/management development and budget, it became clear to me that he will provide outstanding leadership and support to the management team and the Board as we continue to focus on shareholder value creation,” Sherman said in a statement.

Sherman joined Rexnord’s Board of Directors as the non-executive chairman in 2002. In addition to his service with Rexnord, he has served as the president and chief executive officer of Danaher Corporation and as the chairman of Campbell Soup Company.

Jones has been a director of Rexnord since 2014 and he currently serves on the compensation committee and the nominating and corporate governance committee of the board. He previously served as the chairman, chief executive officer and president of A.O. Smith Corporation.