Timken Company

Ballard Announces Appointment of Jacqui Dedo to Board of Directors

Retrieved on: 
Wednesday, March 27, 2024
Carbon, Organization, Growth, Original equipment manufacturer, Woman, Automotive News, MSI, University, Kettering University, TSX, TKR, Automotive industry, Timken Company, Management

VANCOUVER, BC, March 27, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the appointment of Ms. Jacqueline (Jacqui) Dedo to the Ballard Board of Directors.

Key Points: 
  • VANCOUVER, BC, March 27, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the appointment of Ms. Jacqueline (Jacqui) Dedo to the Ballard Board of Directors.
  • "We are pleased to welcome Jacqui to the Ballard Board.
  • Ms. Dedo added, "I am delighted to join the Ballard Board of Directors as the company deploys hydrogen fuel cell engines to meet increasing adoption rates in heavy-duty mobility applications.
  • Ms. Dedo previously held various leadership positions at The Timken Company (NYSE: TKR), Motorola (NYSE: MSI), and Robert Bosch Corporation.

The Timken Company Announces CEO Succession Plan

Retrieved on: 
Wednesday, March 27, 2024
Automation, Growth, ABB, Tarak, Motion, Mehta, TKR, Retirement, Rich, Timken Company, Management

NORTH CANTON, Ohio, March 27, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) Board of Directors has reached an agreement with Tarak Mehta to become Timken's next president and chief executive officer on Sept. 5, 2024. Mehta is currently president of the Motion business and member of the Group Executive Committee at ABB Ltd., a $32 billion leader in electrification and automation. Mehta will be appointed Timken president and CEO after he completes a transition period with ABB.

Key Points: 
  • Mehta will be appointed Timken president and CEO after he completes a transition period with ABB.
  • Kyle plans to retire as an employee of Timken following a decade of leadership as CEO but will continue to serve on the Timken Board of Directors.
  • "Today's announcement is the result of a leadership succession plan and follows a comprehensive CEO selection process led by the Board," said Timken Chairman, John M. Timken, Jr. "Bringing on a seasoned industry executive like Tarak as CEO underscores the Board's commitment to advancing Timken's industrial diversification strategy.
  • "Timken stands stronger today than at any time in our 125-year history, reflecting Rich's leadership and stewardship as CEO.

Timken Recognized by Fast Company as one of World's Most Innovative Companies

Retrieved on: 
Tuesday, March 19, 2024
Electricity, Organization, Knowledge, Research, Aviation, Wind, Robotics, TKR, Timken Company, Engineering, Management

NORTH CANTON, Ohio, March 19, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a global leader in engineered bearings and industrial motion products, has been named one of the World's Most Innovative Companies of 2024 by Fast Company.

Key Points: 
  • NORTH CANTON, Ohio, March 19, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a global leader in engineered bearings and industrial motion products, has been named one of the World's Most Innovative Companies of 2024 by Fast Company.
  • Alongside the top 50 companies overall, the publication recognized 606 organizations across 58 sectors and regions, with Timken ranking in the manufacturing category.
  • Fast Company editors and writers judged applications for inclusion on the annual list according to four criteria: innovation, impact, timeliness and relevance.
  • Specifically, Timken demonstrated to Fast Company how it worked with customers to develop an innovative two-bearing solution for the mainshaft used in the world's largest wind turbines.

Timken to Participate in the BofA Global Research Global Industrials Conference

Retrieved on: 
Tuesday, March 12, 2024
Timken Company, Conference, TKR

NORTH CANTON, Ohio, March 12, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a global leader in engineered bearings and industrial motion products, will participate in the BofA Global Research Global Industrials Conference in London on Tuesday, March 19, 2024.

Key Points: 
  • NORTH CANTON, Ohio, March 12, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a global leader in engineered bearings and industrial motion products, will participate in the BofA Global Research Global Industrials Conference in London on Tuesday, March 19, 2024.
  • Participating on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer.
  • Materials shared during the conference will be available online at http://investors.timken.com .

Neil Frohnapple Named Terex VP Investor Relations

Retrieved on: 
Monday, March 4, 2024
Timken Company, TEX, Senior, Terex, Business administration, John Carroll University, Head, Research, Cryptocurrency

NORWALK, Conn., March 4, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced the appointment of Neil Frohnapple as Vice President, Investor Relations, effective immediately.

Key Points: 
  • NORWALK, Conn., March 4, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced the appointment of Neil Frohnapple as Vice President, Investor Relations, effective immediately.
  • He joins Terex from The Timken Company, a $5 billion industrial manufacturing company, where since 2019 he had served as Head of Investor Relations.
  • "He will be responsible for spearheading our investor relations strategy to deliver value for Terex shareholders.
  • He will collaborate closely with the Terex Executive Leadership team to align our strategy, communications, and investor outreach efforts."

Timken Named One of World's Most Ethical Companies® by Ethisphere for 13th Time

Retrieved on: 
Monday, March 4, 2024
Ethics, Timken Company, Culture, TKR

NORTH CANTON, Ohio, March 4, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has received the 2024 World's Most Ethical Companies® recognition from Ethisphere, a leader in defining and advancing the standards of ethical business practices.

Key Points: 
  • "Ethics and integrity are part of our core values and guide our employees' actions every day," said Richard G. Kyle, Timken president and chief executive officer.
  • "Being recognized once again as one of the World's Most Ethical Companies reinforces our commitment to leading by example as a global corporate citizen.
  • "Congratulations to Timken for its dedication to continually improving its ethics, compliance and governance practices to the benefit of all stakeholders.
  • Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow."

Timken to Participate in the Evercore ISI Industrial Conference

Retrieved on: 
Thursday, February 29, 2024
Timken Company, TKR, Evercore, Conference

NORTH CANTON, Ohio, Feb. 29, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a global leader in engineered bearings and industrial motion products, will participate in the Evercore ISI Industrial Conference on March 5, 2024.

Key Points: 
  • NORTH CANTON, Ohio, Feb. 29, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a global leader in engineered bearings and industrial motion products, will participate in the Evercore ISI Industrial Conference on March 5, 2024.
  • Participating on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer.
  • Materials shared during the conference will be available online at http://investors.timken.com .

Renewable Energy Leader PivotGen Welcomes Meredyth Chrichton as Director of Systems Engineering

Retrieved on: 
Wednesday, February 21, 2024
Timken Company, Systems engineering, Investment company, University, Executive, Clemson University, Wind, Renewable energy

CHICAGO, Feb. 21, 2024 /PRNewswire/ -- PivotGen, a Chicago-based renewable energy development and repowering company, announced today the addition of wind energy veteran Meredyth Chrichton as Director of Systems Engineering.

Key Points: 
  • CHICAGO, Feb. 21, 2024 /PRNewswire/ -- PivotGen, a Chicago-based renewable energy development and repowering company, announced today the addition of wind energy veteran Meredyth Chrichton as Director of Systems Engineering.
  • With over 25 years of experience in mechanical engineering, Meredyth brings a wealth of expertise in product development and validation.
  • Prior to joining PivotGen, she served as the Executive Director of the Dominion Energy Innovation Center at Clemson University, where she led initiatives to overcome technical challenges in renewable energy adoption.
  • In response to her appointment, Meredyth Chrichton remarked, "I am proud to join PivotGen and continue to advance sustainable energy solutions."

USD 30.83 billion growth expected in Automotive Parts Aftermarket Market in US between 2022 and 2027, Analysing Growth in passenger vehicles segment - 17,000+ Technavio Research Report

Retrieved on: 
Friday, February 2, 2024
Online, Traction, Summit Racing Equipment, Timken Company, LKQ Corporation, Growth, EBay, ACDelco, ZF Friedrichshafen, WeatherTech, NAPA Auto Parts, USD, Delphi Technologies, OE, Amazon, Safety, Challenge, JC Whitney, Advance Auto Parts, O'Reilly Auto Parts, Eckler, Name, KYB Corporation, Filter (signal processing), Dorman Products, Denso, Carquest, Pep Boys, AutoZone, Genuine Parts Company, AutoNation, Jegs High Performance, Gates Corporation, Online shopping

NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The automotive parts aftermarket market in US is estimated to grow by USD 30.83 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The automotive parts aftermarket market in US is estimated to grow by USD 30.83 billion from 2022 to 2027, according to Technavio.
  • Aftermarket automotive parts typically come with warranties ranging from 1 to 3 years, enhancing buyer confidence in the commercial market.
  • The growth in the availability of automotive aftermarket parts on e-commerce platforms is a significant trend impacting the growth.
  • What are the key data covered in this Automotive Parts Aftermarket Market In US report?

American Woodmark Adds Philip Fracassa, Executive Vice President and CFO at Timken, to the Board of Directors

Retrieved on: 
Monday, January 22, 2024
Home Goods, Construction & Property, Other Manufacturing, Building Systems, Other Construction & Property, Manufacturing, Retail, Residential Building & Real Estate, TKR, MAPI, PwC, American Woodmark, Walsh University, Visteon, Timken Company, American Red Cross, University, Treasury, CPA, General Motors, Tax, Financial management, Management

American Woodmark Corporation (NASDAQ: AMWD), a leading supplier of cabinetry to the new construction and remodeling industries, today announced that Philip Fracassa has joined its board of directors.

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD), a leading supplier of cabinetry to the new construction and remodeling industries, today announced that Philip Fracassa has joined its board of directors.
  • Mr. Fracassa has served as executive vice president and chief financial officer of The Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion products, since 2014.
  • Fracassa joined Timken in 2005 and progressed through several key roles during his tenure, including senior vice president – tax and treasury, senior vice president and group controller, and senior vice president – corporate planning and development.
  • “We are excited to add Phil’s financial management expertise and global manufacturing experience to the American Woodmark Board.