Baldor Electric Company Announces Management Promotion and Reports 4th Quarter 2009 Dividend

November 10, 2009 11:51 AM EST

FORT SMITH, Ark., Nov. 10 /PRNewswire-FirstCall/ -- Baldor Electric Company (NYSE: BEZ) markets, designs and manufactures industrial electric motors, mechanical power transmission products, drives and generators. Baldor made the following announcements today after the recent Board of Directors meeting.

Management Promotion ... The Board of Directors approved the following management promotion effective January 1, 2010.

Jeffery R. Hubert Vice President-Generators

As Vice President - Generators, Jeff will oversee all aspects of our generator business, including sales, engineering and manufacturing. Jeff has more than 20 years of experience in industrial sales and manufacturing, and he was most recently our General Manager of Generators.

Cash Dividend ... The Board of Directors declared a cash dividend of $0.17 per share on the Company's common stock payable on January 5, 2010, to shareholders of record on December 15, 2009.

Upcoming Events ... During the remainder of the quarter, the Company will make presentations at:

    --  Robert W. Baird's 2009 Industrial Conference on November 11, 2009, in
        Chicago.  This event will be webcast.

    --  Stephens Fall Investment Conference on November 17, 2009, in New York

BEZ-G

SOURCE Baldor Electric Company

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