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Timken Company ( (TKR) ) has shared an announcement.
The Timken Company has announced a change in leadership as part of its succession plan, with Tarak Mehta stepping in as President and CEO, and Richard G. Kyle transitioning to Advisor to the CEO until his retirement on February 15, 2025. Kyle will remain a principal executive officer until the end of September 2024, post which Mehta will take over. Additionally, the company’s Board of Directors will expand from eleven to twelve members, with Mehta also joining as a Director starting September 5, 2024.
Learn more about TKR stock on TipRanks’ Stock Analysis page.