Frederick J. Elmy Takes on New Role at RBC Bearings

Frederick J. Elmy Takes a Seat on the RBC Bearings Board

RBC Bearings Incorporated (NYSE: RBC) is thrilled to announce a significant addition to its Board of Directors. Frederick J. Elmy has been elected as a director, demonstrating the company's commitment to enhancing its leadership with experienced professionals who excel in their fields. As a Class III director, Mr. Elmy will be serving on the board until the next stockholder meeting in 2025.

Expertise Expected to Elevate Board Dynamics

Mr. Elmy is recognized as an audit committee financial expert, a designation that highlights his extensive understanding of financial systems and governance. The Board of Directors, featuring prominent figures from various sectors, aims to leverage this new appointment to further strengthen its oversight and strategic initiatives.

A Warm Welcome from Leadership

Dr. Michael J. Hartnett, the Chairman and Chief Executive Officer of RBC Bearings, expressed enthusiasm about Mr. Elmy joining the board. "We are very excited to have Mr. Elmy on our Board of Directors. His many years with PricewaterhouseCoopers LLP will provide RBC with a wealth of valuable executive and financial experience," stated Dr. Hartnett. Such sentiments reflect the confidence in Mr. Elmy's ability to contribute effectively from his vast reserve of knowledge.

Personal Commitment to Company Objectives

In response to his election, Mr. Elmy remarked, "I am honored to be elected to the Board of Directors of RBC Bearings. I look forward to leveraging my experience and sharing my insights with the Company as it continues to execute its strategic and operational initiatives." His readiness to engage with the operational aspects of the company underscores a proactive approach that many expect to enhance RBC Bearings’ strategies moving forward.

Impressive Career Background

Mr. Elmy has had a remarkable career at PricewaterhouseCoopers, where he started in 1982 and became a partner in 1994. His array of roles, including National Office Partner—Accounting and SEC Services as well as Audit Partner for multiple sectors, equipped him with a unique skill set. Over the years, he worked closely with various organization executives, audit committees, and boards, emphasizing his experience across transactions, mergers, acquisitions, and risk management.

Solid Educational Foundation

Mr. Elmy holds a Bachelor of Arts degree in Economics from the University of Pennsylvania and is a Certified Public Accountant (CPA). His educational background complements his extensive practical experience, making him a valuable asset to the board.

RBC Bearings: A Leader in Precision Engineering

RBC Bearings Incorporated stands as an international leader in the manufacturing and marketing of precision-engineered bearing products. The company specializes in high-tech or regulated bearing components that demand advanced design, testing, and manufacturing. With a keen focus on the diversified industrial, aerospace, and defense markets, RBC Bearings is continuously innovating to meet client needs.

Headquartered in Oxford, Connecticut, the company’s strategic positioning allows it to cater to various sectors effectively, maintaining a robust presence in the highly competitive engineering market.

Frequently Asked Questions

Who is Frederick J. Elmy?

Frederick J. Elmy is a newly elected director of RBC Bearings Incorporated with extensive experience in finance and audit roles, particularly from his time at PricewaterhouseCoopers.

What qualifications does Mr. Elmy bring to RBC Bearings?

Mr. Elmy is an audit committee financial expert with a strong background in financial systems, mergers, and acquisitions, bolstered by his CPA designation.

What is the significance of Mr. Elmy's appointment?

His appointment supports RBC Bearings' strategic objectives, bringing valuable oversight and financial experience to the company's leadership.

Where is RBC Bearings headquartered?

RBC Bearings is located in Oxford, Connecticut, serving diverse sectors including aerospace and industrial markets.

How does RBC Bearings ensure product quality?

The company focuses on sophisticated design, testing, and manufacturing techniques to produce high-quality engineered bearing products for its clients.

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