CANTON, Ohio, Feb. 14, 2014 /PRNewswire/ -- The Timken
Company's (NYSE: TKR; www.timken.com) board of directors has
elected Christopher L. Mapes a
director of the company. Additionally, the board announced
its slate of candidates to be elected at the 2014 Annual Meeting of
Shareholders scheduled in Canton
on Tuesday, May 13.
(Photo: http://photos.prnewswire.com/prnh/20140214/CL65629
)
(Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO )
Mapes currently serves as chairman, president and chief
executive officer of Lincoln Electric Holdings, Inc. (NASDAQ:
LECO), a global manufacturer and market leader of high-quality
welding, cutting and joining products. He oversees all of
Lincoln Electric's businesses, as well as its global product
development initiatives. A 119-year-old company based in
Cleveland, Ohio, Lincoln Electric
operates 45 manufacturing locations in 19 countries and generated
$2.9 billion in revenue in 2012.
"Chris Mapes brings to our board
a wide breadth of experience in manufacturing management and global
development as well as his perspective as an active CEO of a
well-respected manufacturer," said Ward J. "Tim" Timken Jr.,
chairman of the Timken board. "We look forward to his counsel and
guidance as a new leadership team takes the helm and drives The
Timken Company to continued success."
Mapes was named president and chief executive officer of Lincoln
Electric on Dec. 31, 2012, and a year later was elected
chairman of the board. Prior to joining the company in late
2011 as its chief operating officer, Mapes was executive vice
president of A.O. Smith Corp. and president of its Electrical
Products Company, a former division of A.O. Smith Corp. His
25-year career in manufacturing management also includes roles with
Regal-Beloit Corp., Superior Telecom, Essex Group and General
Motors Corporation. He holds a bachelor's degree from Ball State University in Muncie, Ind., a law degree from the
University of Toledo in Ohio and a master of business administration
degree from Northwestern University's
Kellogg Graduate School of Management in Evanston, Ill.
Separately, the Timken board of directors selected candidates
for election to new one-year terms, noted that three current
directors will not seek re-election when their terms end, and
announced four individuals whom the board expects to assume new
director roles when the TimkenSteel Corporation board forms later
this year. The candidates for election are:
- Phillip R. Cox, president and
chief executive officer of Cox Financial Corporation, and a Timken
director since 2004;
- Diane C. Creel, retired
chairman, chief executive officer and president of Ecovation, Inc.,
named to the Timken board in 2012;
- Richard G. Kyle, chief operating
officer of bearings and power transmission for Timken, named
a director in 2013;
- John A. Luke, Jr., chairman and
chief executive officer of MeadWestvaco Corporation, and a member
of the Timken board since 1999;
- Christopher L. Mapes, chairman,
president and chief executive officer of Lincoln Electric Holdings,
Inc., named to the Timken board in 2014;
- Joseph W. Ralston, retired
general, USAF, and vice chairman of The Cohen Group, and a Timken
director since 2003;
- John P. Reilly, former chairman,
president and chief executive officer of Figgie International, and
a Timken director since 2006;
- John M. Timken, Jr., private
investor, and member of the Timken board since 1986;
- Frank C. Sullivan, chairman and
chief executive officer of RPM, Inc., and a Timken board member
since 2003;
- Ward J. Timken, Jr., chairman of
the Timken board of directors, and a director since 2002; and
- Jacqueline F. Woods, retired
president of AT&T Ohio, named a Timken director in 2000.
Not seeking re-election are: James W.
Griffith, a director since 1999 and currently Timken
president and CEO, who announced his intent to retire from the
company at the time of the pending separation of the steel
business; Ward J. Timken, who has
served as a director since 1971; and John
M. Ballbach, who has served as a director since 2009.
The board expects that Cox, Creel, Reilly and W. J. Timken, Jr., will be named TimkenSteel
Corporation directors when that board forms later this year. It
also anticipates Creel and Cox will resign from The Timken Company
board when the TimkenSteel spinoff is finalized, while Reilly and
Timken are expected to serve on both boards.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global
industrial technology leader, applies its deep knowledge of
materials, friction management and power transmission to improve
the reliability and efficiency of industrial machinery and
equipment all around the world. The company engineers,
manufactures and markets mechanical components and high-performance
steel. Timken® bearings, engineered steel bars and
tubes—as well as transmissions, gearboxes, chain, related products
and services—support diversified markets worldwide. With
sales of $4.3 billion in 2013 and
approximately 19,000 people operating from 28 countries, Timken
makes the world more productive and keeps industry in motion.
Media Contact:
Pat
Carlson-Burnham
Global Media Relations
1835 Dueber Avenue, S.W.
Canton, OH 44706-0927 U.S.A.
Telephone: (330)471-3514
pat.carlson@timken.com
Investor Contact:
Steve
Tschiegg
Director – Capital Markets & Investor Relations
1835 Dueber Avenue, S.W.
Canton, OH 44706-0927 U.S.A.
Telephone: (330)471-7446
steve.tschiegg@timken.com
SOURCE The Timken Company