Rexnord inks Adams to new 3-year deal

CEO to remain with company through at least 2021

Todd Adams
Todd Adams

Milwaukee-based Rexnord Corp. has signed president and chief executive officer Todd Adams to a deal keeping him with the company through at least December 2021, according to securities filings.

Todd Adams

The company and Adams entered into an agreement last week that includes a three-year employment term running through Dec. 13, 2021. The deal includes automatic one-year terms after the initial period unless either side decides to end it at least 90 days before the end of the current term.

Adams’ base salary remains the same under the letter agreement at $965,000.

He has been president and CEO of Rexnord since 2009. In 2012 and 2015, he entered into similar agreements with the company that called for an initial three-year term with automatically renewing one-year terms afterwards. Adams first joined the company in 2004 as vice president, treasurer and controller.

 

 

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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