TKR Timken Co

W. J. Timken, Jr. Elected President of Timken's Steel Group Bill J. Bowling to Retire as Steel President CANTON, Ohio, Nov. 7 /PRNewswire-FirstCall/ -- The Timken Company board of directors today elected W. J. (Tim) Timken, Jr., 36, executive vice president and president - Steel Group, reporting to James W. Griffith, president and CEO. (Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) http://www.timken.com/media/kits/steel.asp Mr. Timken, who is currently senior vice president - office of the chairman, will assume leadership of the Steel Group upon the previously announced retirement of Bill J. Bowling, 62, executive vice president, chief operating officer and president - Steel, effective at the end of the year. "The company has benefited from Bill's strong leadership," said Mr. Griffith. "His contributions range from project manager for the development of our world-class Faircrest Steel Plant in the early 80s, to more recently serving as chief operating officer and maintaining a strong steel business during difficult economic times. We wish him well as he retires. "Tim brings strong strategic thinking and a track record of driving positive change, which will build on Bill's efforts as we continue to drive greater profitable growth in the Steel Group. Tim has had great success through a progression of global management positions in both our bearing and steel businesses as part of the company's leadership succession planning," said Mr. Griffith. "Most recently, he led the growth strategy team that was responsible for identifying and implementing the company's largest-ever acquisition." Mr. Timken started with the company in 1992 as executive assistant in the company's steel business and subsequently held several positions, during a time of significant steel sales growth, in strategic planning, accelerated continuous improvement and marketing. He later moved to the bearing business to continue his international marketing leadership in the Industrial Group. He held the position of marketing manager - original equipment distribution - Europe, Africa and West Asia and also led the team that identified growth opportunities in Eastern Europe, which resulted in the acquisition of a bearing manufacturing facility in Romania. In 1998, he was promoted to vice president - Latin America, and in 2000, he was named corporate vice president - office of the chairman, responsible for corporate strategy and initiatives, as well as government affairs. Mr. Timken was elected to the board of directors in 2002. Mr. Timken earned a bachelor's degree in marketing from Georgetown University and a master's degree in business administration from The University of Virginia. He is a member of the Boards of Trustees of both the Henry & Louise Timken Foundation and the Timken Foundation. Mr. Timken also serves as a member of the Board of Directors of Firestone Country Club and a member of the Board of Trustees of the Canton Country Day School. The Timken Company ( http://www.timken.com/ ) is a leading international manufacturer of highly engineered bearings, alloy and specialty steels and components, and a provider of related products and services. Following its February 2003 acquisition of The Torrington Company, Timken employed 28,000 people worldwide with operations in 29 countries. In 2002, the combined companies had sales of approximately $3.8 billion. Media Contact: Carol A. Titus, Communications Manager, (330) 471-3757, http://www.timken.com/media Investor Contact: Kevin R. Beck, Manager - Investor Relations, (330) 471-7181, http://www.timken.com/investors http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT: Media, Carol A. Titus, Communications Manager, +1-330-471-3757, or Investor, Kevin R. Beck, Manager - Investor Relations, +1-330-471-7181 Web site: http://www.timken.com/ http://www.timken.com/media http://www.timken.com/investors http://www.timken.com/media/kits/steel.asp

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