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Dr. Amir Faghri Elected to RBC Bearings Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
RBC Bearings Incorporated (NASDAQ: ROLL, ROLLP) has announced the election of Dr. Amir Faghri to its Board of Directors. Dr. Faghri will serve as a Class II director until the annual stockholder meeting in 2024 and will also join the Compensation Committee. With extensive experience as a former dean at the University of Connecticut, Dr. Faghri brings valuable engineering and executive knowledge to the Board. He holds numerous patents and has collaborated with major research institutions, enhancing RBC Bearings' strategic initiatives.
Positive
Dr. Amir Faghri's extensive engineering experience is expected to contribute to the company's strategic initiatives.
His previous role as Dean at the University of Connecticut provides a strong educational background that may benefit company operations.
Negative
None.
OXFORD, Conn.--(BUSINESS WIRE)--
RBC Bearings Incorporated (Nasdaq: ROLL, ROLLP), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that its Board of Directors has elected Dr. Amir Faghri a director of the Company. Dr. Faghri is a Class II director and will serve until the Company’s annual meeting of stockholders in 2024. He will also serve on the Company’s Compensation Committee.
Chairman and Chief Executive Officer Dr. Michael J. Hartnett commented, “We are very excited to have Dr. Faghri once again on our Board of Directors. As former Dean of the School of Engineering at the University of Connecticut from 1998 to 2006, with financial oversight responsibilities for all engineering departments and research centers, Dr. Faghri will provide the Company with a wealth of valuable executive and engineering experience.” Dr. Faghri stated, “I am honored to be elected to the Board of Directors of RBC Bearings. I look forward to leveraging my past experiences to share insights with the Company as it continues to execute its strategic and operational initiatives.”
Dr. Faghri is currently Distinguished Professor Emeritus and Distinguished Dean Emeritus of Engineering at the University of Connecticut. He is also currently Distinguished Adjunct Professor at the University of California, Los Angeles. He was the Dean of the School of Engineering at the University of Connecticut from 1998 to 2006, and the Head of the Mechanical Engineering Department from 1994 to 1998. Dr. Faghri has authored five books and edited three volumes and authored more than 350 archival technical publications (including 230 journal papers), and holds nine U.S. patents. He has served as a consultant to several major research centers and corporations, including Los Alamos and Oak Ridge national laboratories, Exxon Mobil Corporation, and Intel Corporation. Dr. Faghri's technical productivity is further complemented by his service on the editorial boards of eight scientific journals.
Dr. Faghri received a Bachelor of Science degree from Oregon State University and his Master of Science and Doctoral degrees from the University of California at Berkeley. His association with U.S. companies and global academia provides the Company with valuable state of the art engineering resources and workforce development.
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components, and essential systems. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products and industrial components requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. The Company is headquartered in Oxford, Connecticut.
Who is Dr. Amir Faghri and what is his role in RBC Bearings?
Dr. Amir Faghri has been elected as a Class II director on the Board of RBC Bearings and will serve until the 2024 annual stockholder meeting.
What is Dr. Faghri's background and experience?
Dr. Faghri is a Distinguished Professor Emeritus with past experience as the Dean of the School of Engineering at the University of Connecticut, contributing significant engineering knowledge.
What impact could Dr. Faghri's election have on RBC Bearings?
His election is expected to bring valuable insights and enhance the company's strategic and operational initiatives.
When will RBC Bearings hold its next stockholder meeting?
The next stockholder meeting for RBC Bearings is scheduled for 2024.
What committee will Dr. Faghri serve on at RBC Bearings?
Dr. Faghri will serve on the Compensation Committee of RBC Bearings.
