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.