Timken promotes family member while adopting new corporate tag line
Canton, OH -- The board of directors of The Timken Company has elected Ward J. ("Tim") Timken, Jr., to the position...
Canton, OH — The board of directors of The Timken Company has elected Ward J. (“Tim”) Timken, Jr., to the position of vice chairman – board of directors.
Tim Timken currently has corporate responsibilities as executive vice-president. As vice-chairman, these responsibilities will be expanded to encompass additional interface with the board of directors.
He will continue his operational role as president of the Steel Group.
“Tim has demonstrated exceptional leadership in key management roles throughout the company, including major corporate initiatives such as directing the integration of the former Torrington Company,” said W. R. Timken, Jr., chairman of the board of directors.
“Tim represents the fifth generation of Timken family members that have played active roles in company management since our founding in 1899,” said W.R. Timken. “I am proud that Tim continues that heritage, but also that his leadership firmly exemplifies the ethics and integrity of The Timken Company. He will be a key asset to the company and its shareholders as we continue to grow and build an even stronger company around the world.”
In other news, The Timken Company has a new corporate tag line: Where You Turn.
“Customers around the world rely on our products wherever their parts move and turn, on land, on sea and in space,” said James W. Griffith, president and CEO. “But the line Where You Turn also represents our commitment to be the company that customers turn to for friction management and power transmission expertise.
In recent years, Timken grew beyond its former tag line of Worldwide Leader in Bearings and Steel. When the company began a transformation in 1999 to position itself for growth and enhanced customer value, it began expanding its core product line of bearings and steel to offer an expanded line of components and services such as lubrication, sealing and automotive service parts.
In 2003, the company grew by more than 50% when it expanded its product breadth with the acquisition of the Torrington and Fafnir lines.
The new tag line will be used in all the company’s communications and promotional materials around the world. Product packaging will not change.
The Timken Company produces engineered bearings, alloy steels and related products and services with operations in 27 countries, sales of $4.5 billion in 2004 and 26,000 employees