Timken CEO Richard Kyle to retire; Tarak Mehta named successor effective Sept 5, 2024

TIMKEN CO

Richard G. Kyle notified company of retirement on March 26, 2024; will leave as CEO on Sept 5, 2024.
Tarak Mehta, 57, currently President of Motion Business Area at ABB Ltd, to become CEO on Appointment Date.
Mehta has 26 years at ABB with roles including President Electrification Products (2015-2022).
Kyle to remain as Advisor to CEO for a transition period and stay on Board after retirement.
Mehta expected to be appointed to the Board at a later date; Kyle receives no additional director compensation.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Tarak Mehta

President and Chief Executive Officer

TKR · TIMKEN CO

Effective: 2024-09-05
Filed: April 1, 2024, 7:59 PM ET

In connection with Mr. Kyle’s notification, the Company has reached an agreement with Tarak Mehta to become the President and Chief Executive Officer of the Company on September 5, 2024 following the conclusion of a negotiated transition period with his current employer (the “Appointment Date”).

Departed

Richard G. Kyle

President and Chief Executive Officer

TKR · TIMKEN CO

Effective: 2024-09-05
Successor: Tarak Mehta
Filed: April 1, 2024, 7:59 PM ET

On March 26, 2024, Richard G. Kyle, President and Chief Executive Officer of The Timken Company (the “Company”) and member of the Company’s Board of Directors (the “Board”), notified the Company of his intention to retire from his position as President and Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tarak Mehta was appointed as President and Chief Executive Officer at TIMKEN CO.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

In connection with Mr. Kyle’s notification, the Company has reached an agreement with Tarak Mehta to become the President and Chief Executive Officer of the Company on September 5, 2024 following the conclusion of a negotiated transition period with his current employer (the “Appointment Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard G. Kyle retired as President and Chief Executive Officer at TIMKEN CO.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

On March 26, 2024, Richard G. Kyle, President and Chief Executive Officer of The Timken Company (the “Company”) and member of the Company’s Board of Directors (the “Board”), notified the Company of his intention to retire from his position as President and Chief Executive Officer.

View on SEC.gov

TIMKEN CO filing history →

Source: SEC EDGAR

accession 0000098362-24-000045

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