Date: 2013-08-01

Timken Co. names new chairman

CANTON, Ohio (AP) - Timken Co. on Friday named Ward J. "Tim" Timken Jr. chairman of the alloy steel and bearings manufacturer.

The 38-year-old will succeed his uncle, William Robert "Tim" Timken Jr., who is resigning to become the U.S. ambassador to Germany.

The company was founded in 1899 by Henry Timken and now has 26,000 employees worldwide. Five generations of Timkens have served as the company's board chairman.

Since the company went public in 1922 a family member has served as chairman with a non-family chief executive and president. The family, together with the Timken Foundation, still owns 13 percent of the company, but the board is largely independent.

Ward Timken has been president of the company's steel group, which accounted for about $1.2 billion of the company's $4.5 billion in sales last year.

Previous: Miniature Bearings withstand extreme service environments(pic)
Next: Two news about Timken company

Hot Products:

Product Model

Inside Diameter

Outside Diameter

Thickness

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.