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Timken Co (TKR.N)

TKR.N on New York Stock Exchange

44.15USD
17 Jul 2018
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Summary

Name Age Since Current Position

John Timken

66 2014 Non-Executive Independent Chairman of the Board

Richard Kyle

52 2014 President, Chief Executive Officer, Director

Philip Fracassa

49 2014 Chief Financial Officer, Executive Vice President

Christopher Coughlin

57 2014 Executive Vice President, Group President

Ronald Myers

59 2015 Vice President- Human Resources

Joseph Ralston

74 2011 Lead Independent Director

Elizabeth Harrell

64 2017 Director

Maria Crowe

58 2014 Independent Director

john Luke

69 1999 Independent Director

Christopher Mapes

56 2014 Independent Director

James Palmer

68 2015 Independent Director

Ajita Rajendra

66 2014 Independent Director

Frank Sullivan

57 2003 Independent Director

Ward Timken

50 2015 Independent Director

Jacqueline Woods

70 2000 Independent Director

Jason Hershiser

2017 Manager - Investor Relations

Biographies

Name Description

John Timken

Mr. John M. Timken, Jr., is Non-Executive Independent Chairman of the Board of the Company. Mr. Timken is a private investor and a successful entrepreneur, who has been a significant shareholder of the Company for many years. Mr. Timken is co-founder of Amgraph Packaging, a national supplier of flexible package printing used by major food and beverage brands and private labels. His entrepreneurial activities and passion for business-building have included involvement in ventures ranging from injection molding, to ophthalmic laboratories, to logistics and trucking. He also has owned a cable television business and established one of the largest commercial mushroom farms in North America. Mr. Timken’s ability as an investor to identify and help increase value across a range of industries, as well as his familiarity with the Company’s businesses, provides the Board with important input in evaluating and making important capital allocation decisions. Since joining the Board, he has played an important role in the Company’s strategic drive to add product lines that complement its bearing product portfolio.

Richard Kyle

Mr. Richard G. Kyle is President, Chief Executive Officer, Director of the Company. Mr. Kyle was appointed President and Chief Executive Officer of The Timken Company in 2014. Mr. Kyle joined the Company in 2006 as Vice President of Manufacturing and was named President of the Aerospace and Mobile Industries segments in 2008. In 2012, he was named Group President with responsibility for the Aerospace and Steel segments as well as engineering and technology. In 2013, Mr. Kyle was named Chief Operating Officer, Bearings and Power Transmission. Since 2015, Mr. Kyle has served as a director of Sonoco Products Company, a global provider of consumer packaging, industrial products, protective solutions, and display and packaging services, and as a member of its Audit, Executive Compensation and Financial Policy committees.

Philip Fracassa

Mr. Philip D. Fracassa is Chief Financial Officer and Executive Vice President of the Company. He is 2014 Executive Vice President and Chief Financial Officer; 2012 Senior Vice President - Planning and Development.

Christopher Coughlin

Mr. Christopher A. Coughlin is Executive Vice President, Group President of the company. He joined Timken in 1984 in the company's steel operations, working on the original Faircrest Steel Plant project. He subsequently served as business development manager and held management positions in the company's European headquarters in Colmar, France, including vice president of industrial equipment, vice president of process industries and vice president of primary metals. He was named senior vice president of supply chain and Project O.N.E., during which time he led a multiyear initiative to streamline business processes and implement an enterprise resource planning system. Since 2010, he has been president of Process Industries and Supply Chain. Coughlin serves on the board of directors of the American Bearing Manufacturers Association and the Akron Canton Foodbank. He holds 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.

Ronald Myers

Mr. Ronald J. Myers is Vice President of Human Resources of the Company. He was Vice President of Organizational Advancement Operations; 2012 Vice President - Operational Organizational Advancement.

Joseph Ralston

Gen. Joseph W. Ralston is Lead Independent Director of the Company. General Ralston has served as Vice Chairman of The Cohen Group, an organization that provides clients with comprehensive tools for understanding and shaping their business, political, legal, regulatory and media environments, since 2003. General Ralston completed a distinguished 37-year Air Force career as Commander, U.S. European Command and Supreme Allied Commander Europe, NATO in 2003. Previously, General Ralston served as Vice Chairman of the Joint Chiefs of Staff, the nation’s second highest-ranking military officer. General Ralston has served on the boards of Lockheed Martin Corporation since 2003 and URS Corporation from 2003 until 2014. General Ralston’s experience in the private sector, combined with his distinguished military career, provides our Board with unmatched expertise across a range of complex operational, human resources, supply chain/logistical and other issues facing a global corporation. Based on his extensive military experience, General Ralston also provides specific insights and knowledge in the aerospace industry, which is a significant market for the Company. Additionally, General Ralston’s understanding of the political environment in Washington allows him to guide our Board on the challenges and opportunities resulting from governmental actions. General Ralston also brings the perspective of Chairman of the Classified Business and Security Committee and a member of the Ethics and Sustainability, Strategic Affairs and Executive Committees of Lockheed Martin.

Elizabeth Harrell

Ms. Elizabeth Ann Harrell has been appointed as Director of the Company effective August 1, 2017. General Harrell retired as a Major General in October 2006, serving more than 30 years with the U.S. Air Force. During her military career, she held a wide range of positions in the United States, Germany and South Korea specializing in aircraft fleet maintenance and sustainment. After her retirement from the Air Force, General Harrell was a consultant with The Spectrum Group until 2009 and a consultant to Northrop Grumman Corporation, a global security company and a provider of products, systems and solutions in the fields of aerospace, electronics, information systems, and technical services, until 2012. General Harrell is a member of the advisory board for the Museum of the U.S. Air Force and has served on the General Electric Corporation Senior Advisory Committee for its Internal Veterans’ Network.

Maria Crowe

Ms. Maria A. Crowe is Independent Director of the Company. Ms. Crowe served as President of Manufacturing Operations for Eli Lilly and Company, a global manufacturer of pharmaceutical products, a position she held from 2012 until her retirement in December 2017. Ms. Crowe joined Eli Lilly and Company in 1982, and previously served as its Senior Vice President of Global Drug Products from 2009 to 2012. Ms. Crowe provides the Board with extensive experience in manufacturing, sourcing and procurement for a global manufacturing company. Ms. Crowe also brings valuable experience on production capacity expansion and innovation efforts.

john Luke

Mr. John A. Luke, Jr., is an Independent Director of the Company. Mr. Luke served as the Chairman and Chief Executive Officer of MeadWestvaco Corporation (“MWV”), a leading global producer of packaging and specialty chemicals, from the merger of Mead and Westvaco in 2002 until his retirement in 2015. Prior to his retirement, Mr. Luke led the process that resulted in MWV merging with Rock-Tenn Company to form WestRock Company, which created the second largest packaging company in the industry. Mr. Luke has served as a director of The Bank of New York Mellon Corporation since 2007, MWV from 2002 to 2015, WestRock Company since 2015 and Dominion Midstream GP, LLC since 2017. Mr. Luke brings deep executive leadership experience to our Board, including expertise in leading large corporate transformations and evaluating and executing inorganic growth opportunities. Mr. Luke brings perspective gained from serving on several corporate boards, including as Non-Executive Chairman of WestRock Company, a member of the Corporate Governance and Nominating and Audit Committees of The Bank of New York Mellon Corporation and Chair of the Conflicts Committee of Dominion Midstream GP, LLC.

Christopher Mapes

Mr. Christopher L. Mapes is Independent Director of the Company. Mr. Mapes is Chairman, President and Chief Executive Officer of Lincoln Electric Holdings, Inc., a global manufacturer of welding, cutting and joining products. He has held the position of Chairman since December 2013 and has been President and Chief Executive Officer since December 2012, after serving as Chief Operating Officer beginning in 2011. From 2004 to 2011, he served as Executive Vice President of A. O. Smith Corporation, a global water technology company and manufacturer of residential and commercial water heating and water purification equipment, where he led the expansion and execution of the global strategy for its electrical products. Mr. Mapes has been a director of Lincoln Electric Holdings, Inc. since 2010. As a seasoned executive with extensive experience leading global manufacturing and distribution companies, Mr. Mapes understands the challenges of global growth and the complexity of managing international operations. In addition to his business management experience, Mr. Mapes has a law degree.

James Palmer

Mr. James F. Palmer is Independent Director of the Company. Mr. Palmer served as the Corporate Vice President and Chief Financial Officer of Northrop Grumman Corporation, a global security company and a provider of products, systems and solutions in the fields of aerospace, electronics, information systems and technical services, from March 2007 until February 2015 and as a Corporate Vice President of Northrop Grumman until his retirement in July 2015. Mr. Palmer’s broad executive background in the aerospace and defense industry, his service as the chief financial officer of multiple large publicly traded companies, and his extensive experience with business acquisitions, debt financings and other complex transactions make him well-qualified to serve as a member of the Board.

Ajita Rajendra

Mr. Ajita G. Rajendra is Independent Director of the Company. Mr. Rajendra is Chairman and Chief Executive Officer of A. O. Smith Corporation, a global water technology company and manufacturer of residential and commercial water heating and water purification equipment. He has held the position of Chairman since 2014, and has been President and Chief Executive Officer since 2013. Mr. Rajendra previously served A. O. Smith Corporation as President and Chief Operating Officer from 2011 to 2012 and as Executive Vice President from 2006 to 2011. Mr. Rajendra has been a director of A. O. Smith Corporation since 2011 and serves on its Investment Policy Committee, and has been a director of Donaldson Company, Inc. since 2010, where he is a member of the Audit Committee and Human Resources Committee. Mr. Rajendra’s extensive manufacturing and international experience leading businesses and negotiating acquisitions and joint ventures, along with his experience as a director of other publicly traded companies, provides valuable skills to the Board.

Frank Sullivan

Mr. Frank C. Sullivan is an Independent Director of the Company. Mr. Sullivan has held the position of Chairman and Chief Executive Officer of RPM International Inc. (“RPM”), a world leader in specialty coatings, since 2008. Mr. Sullivan was appointed RPM’s Chief Executive Officer in 2002, prior to which he held the position of Chief Financial Officer since 1993. Mr. Sullivan has been a director of RPM since 1995. Mr. Sullivan provides the Board with extensive financial expertise based on his years as a chief financial officer. In addition, as a chief executive officer and director of a multinational company, Mr. Sullivan brings invaluable executive experience on a wide array of issues, including strategic planning and the evaluation and execution of merger and acquisition opportunities.

Ward Timken

Mr. Ward Jackson Timken, Jr., is Independent Director of the Company. Mr. Timken is Chairman, Chief Executive Officer and President of TimkenSteel, a leader in customized alloy steel products and services, a position he assumed in 2014. TimkenSteel was previously a subsidiary of the Company that became an independent public company pursuant to the Spinoff that was effected on June 30, 2014. Mr. Timken previously served as Executive Chairman of the Board of The Timken Company from 2005 to May 2014. Mr. Timken provides the Board with relevant experience from having served in key leadership positions during his tenure with the Company. Mr. Timken’s broad-based experience and familiarity with each of our businesses, along with his deep understanding of the global industry dynamics across the Company’s markets, enable Mr. Timken to provide valuable input to the Board.

Jacqueline Woods

Ms. Jacqueline F. Woods is an Independent Director of the Company. Ms. Woods served as the President of Ameritech Ohio (subsequently renamed AT&T Ohio), a telecommunications company, until her retirement in 2000. At Ameritech Ohio, Ms. Woods also held various positions in finance, operations, marketing, sales and government affairs. Ms. Woods was inducted into the Ohio Women’s Hall of Fame in 1998. Ms. Woods has served on the board of The Andersons, Inc. since 1999. Ms. Woods was formerly a director at School Specialty, Inc. until 2013. Ms. Woods’ extensive executive management experience enables her to help guide the Board in making decisions in areas such as marketing, strategy development, corporate governance and compensation. In addition, her executive experience at a primarily consumer-oriented company provides a valuable perspective on customer service. Ms. Woods also brings perspective gained from her service as a member of other corporate boards, including serving as a member of the Audit and Compensation and Leadership Development Committees of The Andersons, Inc.

Jason Hershiser

Basic Compensation

Name Fiscal Year Total

John Timken

297,301

Richard Kyle

8,603,970

Philip Fracassa

2,771,840

Christopher Coughlin

2,501,040

Ronald Myers

1,275,960

Joseph Ralston

265,694

Elizabeth Harrell

134,788

Maria Crowe

219,478

john Luke

228,194

Christopher Mapes

226,550

James Palmer

227,190

Ajita Rajendra

226,762

Frank Sullivan

240,694

Ward Timken

203,194

Jacqueline Woods

218,194

Jason Hershiser

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As Of  31 Dec 2017