Timken Names Lucian Boldea President and Chief Executive Officer

Company Leadership Change - The Timken Company has appointed Lucian Boldea as the new president and CEO, effective September 1, 2025, succeeding Richard G. Kyle [1] - Boldea previously served as President and CEO of Industrial Automation at Honeywell, overseeing a segment with over $10 billion in sales and 31,000 employees [2] - The Board of Directors expressed confidence in Boldea's leadership to advance Timken's strategy and accelerate growth [3] Executive Background - Boldea has over 25 years of industry experience and a strong record in strategic leadership and innovation [2] - He has been instrumental in Honeywell's transformation towards autonomous operations, utilizing AI, IoT, and advanced sensor technologies [3] - Prior to Honeywell, Boldea held various executive roles at Eastman Chemical Company, starting as a chemist [3] Company Overview - The Timken Company is a global leader in engineered bearings and industrial motion, with $4.6 billion in sales in 2024 and approximately 19,000 employees across 45 countries [5] - The company focuses on designing next-generation products for diverse industries, emphasizing customer-centric solutions that enhance reliability and efficiency [5]