Timken(TKR) Prnewswire·2025-03-31 20:15Core Points - Tarak B. Mehta has departed as CEO and director of The Timken Company effective immediately due to personal reasons [1] - Richard G. Kyle has been appointed as interim president and CEO, having previously served in this role from 2014 to 2024 [2][4] - The Timken Board of Directors has initiated a comprehensive search for a new CEO, engaging Crist Kolder Associates to assist in identifying suitable candidates [3] Company Performance and Strategy - The Timken Company reported $4.6 billion in sales for 2024 and employs approximately 19,000 people across 45 countries [5] - Under Richard G. Kyle's previous leadership, Timken transformed into a global diversified industrial leader, achieving record financial performance and focusing on profitable growth [4] - The company emphasizes its strong leadership team and resilient business model, expressing confidence in its future and ability to drive profitable growth [3]