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Stock impact report

The Timken Company Announces CEO Transition [Yahoo! Finance]

Timken Company (The) (TKR) 
Last timken company (the) earnings: 5/1 06:51 am Check Earnings Report
US:NYSE Investor Relations: investors.timken.com
Company Research Source: Yahoo! Finance
NORTH CANTON, Ohio March 31, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ) Board of Directors today announced that, effective immediately, Tarak B. Mehta is departing as CEO and director based on mutual agreement due to personal reasons. Richard G. Kyle will return as interim president and CEO. Kyle is a member of the Timken Board of Directors and served as the company's CEO from 2014 to 2024. "The Board wishes Tarak well in his future endeavors," said Timken Chairman, John M. Timken, Jr. "As interim CEO, Rich will ensure a seamless leadership transition and will focus on supporting the Timken team as we advance our successful industrial diversification strategy. Timken stands stronger today than any time in our 125-year history, with a talented leadership team and resilient business model. We are confident in the company's future and our ability to drive profitable growth." The Timken Board of Directors has launched a comprehensive CEO search process, re Show less Read more
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