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Baldor Electric Company announces management change

Staff writer | Fort Smith, Ark., USA | August 3, 2010
Baldor Electric CompanyAugust 3, 2010, Fort Smith, Ark., USA - Baldor Electric Company announced that John A. McFarland plans to step down from his role as CEO, effective December 31.
Mr. McFarland will remain active as executive chairman and retain his position as chairman of the executive committee. Mr. McFarland, who has worked with the board on this transition for several years, recently celebrated his 40th anniversary with the company.

The company has promoted Ronald E. Tucker to Chief Executive Officer and President effective January 1, 2011. Mr. Tucker currently serves as President and Chief Operating Officer and has been a member of the Board of Directors since 2007.

Mr. Tucker has been with Baldor for more than 24 years, and he has been responsible for various aspects of the business including finance, manufacturing, and international sales and operations.