Timken Announces Changes to Growth and Innovation Leadership Team
24 Marzo 2008 - 9:33PM
Business Wire
The Timken Company (NYSE: TKR) today announced a reorganization of
the innovation and growth function at the company. This
organizational change, which will help streamline strategic
planning and innovation processes, will take effect March 31.
�Creating customer value through innovation has always been the
lifeblood of our company,� said James W. Griffith, Timken president
and chief executive officer. �With this reorganization, we expect
to further strengthen our processes for value creation.� As a
result of the changes, Jacqueline A. Dedo, who most recently held
the position of senior vice president of Innovation and Growth, is
leaving the company. �Jacqui led a major part of our company at a
difficult time in the history of the U.S. automotive industry,�
said Griffith. �In her previous position as president of the
Automotive Group and most recently as the senior vice president of
Innovation and Growth, she made important contributions to our
company�s success. We wish her well in her future endeavors.�
Senior Vice President of Technology Alastair R. Deane, who
previously reported to Dedo, will report to Griffith, beginning
March 31. Deane oversees Timken�s global network of technical
centers and is responsible for leading the company�s technology and
innovation efforts worldwide. About The Timken Company The Timken
Company (NYSE: TKR, http://www.timken.com) keeps the world turning,
with innovative friction management and power transmission products
and services, enabling our customers to perform faster and more
efficiently. With sales of $5.2 billion in 2007, operations in 27
countries and approximately 25,000 employees, Timken is Where You
Turn� for better performance.
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