JACKSON TWP. − Tarak Mehta is officially the Timken Co.’s new president and CEO.
He was appointed Thursday by the company’s board of directors, which first announced in March that Mehta was chosen to succeed Richard G. Kyle after a “comprehensive search process.” Kyle now serves in an advisory role to assist with the transition and will continue to serve on the board of directors post-retirement.
Mehta was most recently the president of the motion business and a member of the executive committee at ABB, a global electrification and automation company.
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“I’m excited to join Timken and hear directly from our employees, customers and other stakeholders all around the globe about how we can accelerate profitable growth and continue to drive momentum for the company,” he said in a prepared statement. “I look forward to collaborating with our talented team to identify additional opportunities to advance customer-centric innovation.”
Timken, which manufactures bearings and industrial motion products, had $4.8 billion in sales last year and employs more than 19,000 workers in 45 countries.
Reach Kelly at 330-580-8323 or [email protected]
