Timken CEO Tarak Mehta departs; former CEO Richard Kyle returns as interim

TIMKEN CO

Tarak Mehta and Timken mutually agreed to his departure as President and CEO, effective March 31, 2025; he also left the Board.
Board appointed Richard Kyle as interim President and CEO; Kyle served as CEO from 2014-2024 and most recently as advisor.
Mehta will receive a $9.25M cash settlement under a separation agreement with a general release; departure was not due to misconduct.
Kyle to receive $1.2M annual base salary, $9M deferred share award, and $3.3M in performance-based RSUs, vesting by Feb 2026 or earlier.
Kyle also eligible for standard executive benefits but not short/long-term incentives, severance, or deferred comp plans.

item 5.02

Executive movements

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Departed

Tarak B. Mehta

President and Chief Executive Officer

TKR · TIMKEN CO

Effective: 2025-03-31
Successor: Richard G. Kyle
Filed: March 31, 2025, 7:59 PM ET

the Company and Tarak B. Mehta, the President and Chief Executive Officer of the Company, had mutually agreed that Mr. Mehta would depart from the Company, including resigning as a member of the Company’s Board of Directors (the “Board”), effective immediately.

Appointed (interim)

Richard G. Kyle

interim President and Chief Executive Officer

TKR · TIMKEN CO

Effective: 2025-03-31
Filed: March 31, 2025, 7:59 PM ET

the Board had appointed Richard G. Kyle as the interim President and Chief Executive Officer of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tarak B. Mehta departed as President and Chief Executive Officer at TIMKEN CO.

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

the Company and Tarak B. Mehta, the President and Chief Executive Officer of the Company, had mutually agreed that Mr. Mehta would depart from the Company, including resigning as a member of the Company’s Board of Directors (the “Board”), effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard G. Kyle was appointed as interim President and Chief Executive Officer at TIMKEN CO.

Action: appointed
Role: interim President and Chief Executive Officer

Exact text from the filing

the Board had appointed Richard G. Kyle as the interim President and Chief Executive Officer of the Company, effective immediately.

View on SEC.gov

TIMKEN CO filing history →

Source: SEC EDGAR

accession 0001193125-25-068784

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