CANTON, Ohio, April 19 /PRNewswire-FirstCall/ -- The board of directors of The Timken Company today elected Ward J. ("Tim") Timken, Jr. to the position of vice chairman - board of directors.
Mr. Timken currently has corporate responsibilities as executive vice president. As vice chairman, these responsibilities will be expanded to encompass additional interface with the board of directors.
Mr. Timken will continue his operational role as president of the Steel Group.
"Tim has demonstrated exceptional leadership in key management roles throughout the company, including major corporate initiatives such as directing the integration of the former Torrington Company. The performance of the Steel Group under his leadership has been outstanding," said W. R. Timken, Jr. - chairman of the board of directors. "Tim represents the fifth generation of Timken family members that have played active roles in company management since our founding in 1899. I am proud that Tim continues that heritage, but also that his leadership firmly exemplifies the ethics and integrity of The Timken Company. He will be a key asset to the company and its shareholders as we continue to grow and build an even stronger company around the world."
Mr. Timken was elected to the board of directors in 2002 and named corporate vice president - office of the chairman in 2000. He started with the company in 1992 as executive assistant in the company's Steel Group. His other positions in the Steel Group include senior analyst, principal strategic management analyst and market manager - distribution. In the bearing business, he has served as marketing manager - original equipment distribution - Europe, Africa and West Asia and as vice president - Latin America.
He holds a bachelor's degree in marketing from Georgetown University and a master's in marketing from the University of Virginia.
The Timken Company, (NYSE: TKR, www.timken.com) keeps the world turning, with innovative ways to make customers' products run smoother, faster and more efficiently. Timken's highly engineered bearings, alloy steels and related products and services turn up everywhere. With operations in 27 countries, sales of $4.5 billion in 2004 and 26,000 employees, Timken is Where You Turn™ for better performance.
Media Contact: Jason Saragian, Public Relations Manager, (330) 471-3514, http://www.timken.com/media. Investor Contact: Steve Tschiegg, Manager - Investor Relations. (330) 471-7446, http://www.timken.com/investors .
SOURCE The Timken Company