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Timken Company ( (TKR) ) just unveiled an announcement.
On March 31, 2025, The Timken Company announced the mutual agreement for Tarak B. Mehta to depart as President and CEO, with Richard G. Kyle appointed as interim President and CEO. Kyle, who previously served as CEO from 2014 to 2024, will receive a compensation package including a $1.2 million salary and stock awards. Mehta’s departure was not due to misconduct, and he will receive a $9.25 million settlement.
More about Timken Company
YTD Price Performance: 1.27%
Average Trading Volume: 639,813
Technical Sentiment Signal: Buy
Current Market Cap: $5.05B
For an in-depth examination of TKR stock, go to TipRanks’ Stock Analysis page.