Timken Announces Executive Officer Appointments

Rhea-AI Summary

The Timken Company (NYSE: TKR) announced key executive appointments on August 10, 2022, to enhance its leadership strategy. Christopher Coughlin is appointed executive vice president and president of Industrial Motion, focusing on diversifying industrial motion offerings. Andreas Roellgen becomes executive vice president and president of Engineered Bearings, overseeing global business growth. Natasha Pollock, previously vice president of human resources, is now an executive officer, aiming to strengthen Timken's talent development. These changes align with Timken's growth strategy to increase market share and operational scale.

Positive

• Appointment of Christopher Coughlin to diversify Industrial Motion offerings, supporting future customer needs.
• Andreas Roellgen to lead global Engineered Bearings growth, expanding market share in key regions like China and India.
• Natasha Pollock's new role to enhance talent development, crucial for strategic company growth.

Negative

• None.

• Christopher Coughlin named executive vice president and president of industrial motion
• Andreas Roellgen named executive vice president and president of engineered bearings
• Natasha Pollock, vice president of human resources, appointed an executive officer of the company

NORTH CANTON, Ohio, Aug. 10, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and industrial motion products, today announced new appointments for company executives Christopher Coughlin, Andreas Roellgen and Natasha Pollock. 

"Our long-term strategy has been successful, and as a result, Timken has grown and evolved into a leading diversified industrial company with a broad portfolio of products," said Richard G. Kyle, president and CEO. "We are focused on accelerating the expansion of our portfolio to achieve greater scale, profitably, and today's leadership announcement will enable Timken's next phase of growth."

Christopher Coughlin has been named executive vice president and president of Industrial Motion. The Industrial Motion group includes Timken's diverse portfolio of solutions adjacent to bearings, including automatic lubrication, linear motion, drive systems, belts and chain, couplings, clutches and brakes, and industrial services. In this role, Coughlin will build on Timken's engineered bearing leadership by continuing to diversify and grow industrial motion offerings to serve customers' future needs. A seasoned Timken executive, Coughlin has diversified the company's business through organic growth initiatives, product innovation and strategic M&A. He previously led Timken's global engineered bearings business and the company's expansive growth in renewable energy. Coughlin joined Timken in 1984.

Andreas Roellgen has been named executive vice president and president of Engineered Bearings. Roellgen is responsible for the leadership and profitable growth of Timken's global Engineered Bearings business, which operates across 42 countries and serves a diverse industrial end-market mix and customer base. Most recently, Roellgen led the company's strategy to grow its global market share across Europe, Asia and Africa and is credited for significantly expanding Timken's position in China and India. Roellgen began his Timken career in 1997 and has held bearing business leadership roles in sales, manufacturing, supply chain, strategy and business development.

With the above changes, Hans Landin, group vice president, will be leaving the company. "We appreciate Hans' many contributions to the company over his 25-year career," said Kyle. "His strong sales and commercial background and customer-centric approach were instrumental in advancing Timken's strategy, and we wish him the best in his future endeavors."

Natasha Pollock, vice president of human resources, has been appointed an executive officer by The Timken Company board of directors. Pollock will continue to advance Timken as an employer of choice that attracts, engages and develops a world-class team of problem solvers. Since joining Timken in 2001, Pollock enabled the company's geographic expansion through her development of global HR strategy, talent and culture. Pollock is accomplished in leadership and talent development, complex organizational change management, employee engagement, and workplace diversity and inclusion.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 43 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere and America's Best Employers, America's Best Employers for New Graduates and America's Best Employers for Women by Forbes.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

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SOURCE The Timken Company

FAQ

What are the recent executive changes at The Timken Company?

The Timken Company announced the appointment of Christopher Coughlin as executive vice president and president of Industrial Motion, Andreas Roellgen as executive vice president and president of Engineered Bearings, and Natasha Pollock as an executive officer on August 10, 2022.

How will Christopher Coughlin's appointment affect TKR?

Coughlin's appointment aims to diversify Timken's Industrial Motion offerings, which could enhance the company's market position and customer service.

What role will Andreas Roellgen play in The Timken Company?

Roellgen will lead the Engineered Bearings business globally, focusing on profitable growth and market share expansion in regions like Europe, Asia, and Africa.

Who is Natasha Pollock and what is her new role at TKR?

Natasha Pollock, previously the vice president of human resources, has been appointed as an executive officer, where she will focus on talent development and employee engagement.