This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Timken Appoints Two Key Executives To New Leadership Positions

CANTON, Ohio, Aug. 7, 2012 /PRNewswire-FirstCall/ -- The Timken Company (NYSE: TKR) today announced that Christopher A. Coughlin and Richard G. Kyle have been named to the newly created positions of group presidents.  In these roles, Coughlin and Kyle will be responsible for all activities related to the company's four business segments. 

(Photo: http://photos.prnewswire.com/prnh/20120807/CL53040-a )

(Photo: http://photos.prnewswire.com/prnh/20120807/CL53040-b )

(Photo: http://photos.prnewswire.com/prnh/20120807/CL53040-c )

(Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO )

In making the announcement, James W. Griffith, president and CEO for Timken, explained that effective Sept. 1, Coughlin assumes leadership of the company's Mobile and Process Industries segments while Kyle takes the helm of the Aerospace and Steel segments.  Each also will hold corporate-wide responsibilities, with quality assurance and advancement activities reporting to Coughlin and Kyle overseeing the enterprise's innovation, engineering and technology efforts.  They will continue to report to Griffith.

The company also announced that Salvatore J. Miraglia, president of the Steel Business, intends to retire at the end of the year, after more than 40 years of service with the company. 

"We appreciate the many contributions Sal has made to the company with his rare blend of technology, operations and supply chain expertise," said Griffith.  "Now, as the company continues to evolve and grow, we have an opportunity to further leverage and elevate the talent resident in our executive ranks. 

"The company's performance in recent years demonstrates the potential of our strategy to grow in markets where our knowledge allows us to create unique value for our customers," said Griffith.  "The new roles position Rich and Chris to accelerate the growth of the company and to ensure that we continue to develop the capabilities that fuel this success.  Their track records underscore their leadership excellence, and these appointments afford another opportunity for us to further strengthen the company and its long-term earnings power."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs