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Timken Announces Leadership Changes

CANTON, Ohio: March 2, 2009 — The Timken Company (NYSE: TKR) today announced several leadership changes as part of an organizational realignment for increased operating efficiency. “We are simplifying our operating structure to reduce costs and optimize our business performance in the current economic environment,” said James W. Griffith, Timken president and chief executive officer. “We believe the changes to our leadership structure improve the alignment across key areas of the company, enabling greater efficiency in responding to the challenges of today’s marketplace.”

Christopher A. Coughlin, Richard G. Kyle, Daniel E. Muller and Douglas H. Smith have been named to new assignments. Additionally, Griffith said two Timken executives have announced their retirements — Jon T. Elsasser, senior vice president and chief information officer, and Mark J. Samolczyk, senior vice president – corporate planning and development. Alastair R. Deane, senior vice president – technology, will be leaving the company to pursue other interests. 

Christopher A. Coughlin has been named president – Process Industries.  He was formerly senior vice president – supply chain and Project O.N.E.  In his new role, Coughlin will lead the Bearings and Power Transmission Group’s Process Industries segment, with full profit and loss accountability. In addition, he will be responsible for distribution management and global supply chain management for the Bearings and Power Transmission Group. 

Since 2007, Coughlin has been responsible for global supply chain management, including strategy, demand planning, inventory management, order fulfillment and purchasing for the Bearings and Power Transmission Group. He 
provided leadership for Project O.N.E., a multiyear initiative to streamline business processes and implement an enterprise SAP-based resource planning system. 

Coughlin began his Timken career in 1984 in the company’s steel operations. He held a variety of management positions in the company’s bearing business, including vice president – industrial equipment; vice president – process industries and vice president – primary metals. Coughlin received a bachelor’s degree in metallurgical engineering from the University of Cincinnati and a master’s degree in business administration from Case Western Reserve University. 

Richard G. Kyle has been named president – Mobile Industries, with full profit and loss accountability.  Kyle, who joined Timken in 2006, was previously vice president – manufacturing for the Mobile Industries segment of the Bearings and Power Transmission Group. Kyle will combine responsibility for the Mobile Industries segment and manufacturing advancement across a global network of plants. Kyle has provided leadership for an aggressive global capacity expansion for the Bearings and Power Transmission Group. Before joining Timken, Kyle served as vice president of operations for the Hubbell Lighting Division of Hubbell, Inc. in Spartanburg, S.C. He previously held division management positions within Cooper Industries, including manufacturing, supply chain and engineering. Kyle received a bachelor’s degree in mechanical engineering from Purdue University and a master’s degree in management from Northwestern University’s Kellogg Graduate School of Management.

Douglas H. Smith has been named senior vice president – technology. He was formerly director – manufacturing – Asia, a position he held since 2007. In his new role Smith will lead the company’s technical function on a global basis with ultimate responsibility for maintaining and deploying technical resources in the areas of product design and development and manufacturing technology for the company’s broad portfolio of steel, power transmission, and friction management products.

Smith has been instrumental in expanding the company’s manufacturing operations in Asia, including new plants in Wuxi and Chengdu, China, and Chennai, India.  Smith joined Timken at the company’s Technology Center in Canton in 1991. He has held a number of research and management positions, including manager of manufacturing integration and automation and manager of intelligent products and systems. His operations roles have included manager of manufacturing operations – rail and director of operations at the Wuxi, China plant. He has bachelor’s and master’s degrees in mechanical engineering from the Massachusetts Institute of Technology.

Coughlin, Kyle and Smith all will report to Michael C. Arnold, executive vice president and president – Bearings and Power Transmission Group.

Daniel E. Muller has been named senior vice president – strategy and chief information officer. He was formerly president of distribution and services in the Bearings and Power Transmission Group, a position he held since 2007.  In his new role, Muller will oversee corporate strategy and information technology.

Muller helped expand the company’s offerings of bearing-related products and services and led efforts to create e-commerce ventures to increase sales for the company’s bearing business. He also held various executive positions with the former Latrobe Steel subsidiaries, including president – Ohio Alloy Steels, and vice president – operations – Timken Latrobe Steel Distribution. After joining Timken in 1979, Muller had several assignments within the information technology group and later held a management role in the strategic management center. He has a bachelor’s degree in computer science and operations research and a master of business administration degree, both from Kent State University.

Muller will report to Glenn A. Eisenberg, executive vice president – finance and administration.

During their careers at Timken, Jon Elsasser and Mark Samolczyk have served in key management roles as the company pursued its strategy for global growth. Elsasser had served as vice president of corporate development and vice president of bearing operations for Europe, Africa and West Asia, and also managed the company’s business in Brazil.  Samolczyk was instrumental in the integration of the automotive businesses following the company’s acquisition of The Torrington Company, and he previously served as president and general manager of Precision Steel Components. He also managed Timken’s operations in Canada and Mexico. Al Deane — an auto industry veteran in driveline technologies — joined Timken three years ago to provide technology leadership as the company focused on enhancing its new product pipeline. As the company has shifted its focus, Deane is leaving the company to pursue other interests.    

“We deeply appreciate the contributions that Jon, Mark and Al have made to the company, and wish them well,” Griffith said.  

 

About The Timken Company

The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers' machinery to perform more efficiently and reliably. With sales of $5.7 billion in 2008, operations in 26 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.

 

 

 

 

 

SOURCE: The Timken Company

 

 

Media Contact:  Lorrie Paul Crum
Manager - Global Media and Strategic Communications
Mail Code: GNW-37
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Telephone: (330) 471-3514 
Facsimile: (330)  471-7032
lorrie.crum@timken.com

 

Investor Contact: Steve Tschiegg
Director - Capital Markets and Investor Relations
Mail Code: GNE-26
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Telephone: (330) 471-7446
Facsimile: (330) 471-2797
steve.tschiegg@timken.com

 

For Additional Information:
www.timken.com/media

www.timken.com/investors