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Timken Company Shareholders Elect New Director

CANTON, Ohio, April 20 /PRNewswire-FirstCall/ -- At The Timken Company's annual meeting of shareholders today, Jerry J. Jasinowski, president of the National Association of Manufacturers, was elected for a three-year term expiring at the 2007 annual meeting.


Also at the annual meeting, James W. Griffith, John A. Luke, Jr., Frank C. Sullivan and Ward J. Timken were re-elected for three-year terms expiring 2007.

The remaining eight directors are as follows:

Robert W. Mahoney, Jay A. Precourt, Ward J. Timken, Jr. and Joseph F. Toot, Jr. -- terms expiring at the 2005 annual meeting. Joseph W. Ralston, John M. Timken, Jr., W. R. Timken, Jr. and Jacqueline F. Woods -- terms expiring at the 2006 annual meeting.

Mr. Jasinowski, a one-time factory worker, joined the U.S. Air Force as an intelligence officer. He went on to become assistant professor of economics at the U.S. Air Force Academy. In the early 1970s, he managed research and legislative affairs for the Joint Economic Committee of Congress. In 1976, he served as director of the Carter Administration's economic transition team for the departments of Treasury, Commerce, Labor, the Council of Economic Advisors and the Federal Reserve. He later was appointed assistant secretary for policy at the U.S. Department of Commerce.

Since 1990, Mr. Jasinowski has served as president of the National Association of Manufacturers (NAM), the largest industry trade group in the country, with 14,000 member companies across all industrial sectors. The NAM is one of the country's most respected authorities on political, economic and manufacturing trends and the most effective advocate of manufacturing interests.

Mr. Jasinowski earned his bachelor's degree in economics from Indiana University, his master's degree in economics from Columbia University and is a graduate of the Harvard Business School's Advanced Management Program.

The Timken Company (NYSE: TKR, is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 29 countries. The company recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.

Media Contact: Denise L. Bowler, Manager - Communications Planning and Integration, (330) 471-3485; 
Investor Contact: Kevin R. Beck, Manager - Investor Relations, (330) 471-7181.


SOURCE  The Timken Company