TKR Timken Co

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.