Timken Promotes Lucian Boldea to CEO, Paving the Future Ahead
Timken Company Announces New CEO
The Timken Company (NYSE: TKR), a leading global player in engineered bearings and industrial motion, has appointed Lucian Boldea as its new President and Chief Executive Officer. This pivotal decision by the Board of Directors marks a significant step in Timken's strategic growth and commitment to innovation.
Leadership Transition at Timken
Lucian Boldea takes the helm effective September 1, 2025, succeeding Richard G. Kyle, who temporarily led the company. Boldea's experience is extensive, having previously served as President and CEO of Honeywell's Industrial Automation sector, which boasts over $10 billion in sales and a workforce of around 31,000 employees across more than 70 manufacturing sites worldwide.
Boldea's Vision for Timken
With over 25 years of experience in the industry, Boldea invites a fresh perspective and a proven track record of strategic foresight and innovation. "I am honored to join Timken, an esteemed organization recognized for its dedication to quality and customer relationships," Boldea commented. His ambitions for Timken include advancing the company's strategic goals while nurturing its commitment to sustainable and innovative practices.
A Record of Transformation
During his tenure at Honeywell, Boldea was instrumental in guiding transformational initiatives towards autonomous operations, leveraging cutting-edge technologies like artificial intelligence and the Internet of Things (IoT). His journey began at Eastman Chemical Company, where he advanced through various roles, enhancing his capabilities in leadership and operations.
Commitment to Employees and Partners
Boldea emphasizes the importance of collaboration within the Timken leadership team, fostering strong relationships with employees, customers, and partners. His approach is centered on diversifying the company's portfolio and reinforcing its operational strength.
Academic and Professional Credentials
Boldea's educational background is impressive, holding a Ph.D. in organic chemistry from the University of Florida, an MBA in finance from the Wharton School at the University of Pennsylvania, and a bachelor’s degree in chemistry from the University of West Florida. His extensive expertise positions him uniquely to lead Timken through upcoming challenges and opportunities.
About The Timken Company
The Timken Company has established itself over 125 years as a global leader, designing a growing portfolio of next-generation products across diverse industries. With 2024 sales reaching $4.6 billion, Timken employs approximately 19,000 individuals across 45 countries, utilizing deep industry knowledge to enhance reliability and efficiency.
Contact Information
Media Relations:
Scott Schroeder
234.262.6420
Investor Relations:
Neil Frohnapple
234.262.2310
Frequently Asked Questions
Who is the new CEO of Timken?
Lucian Boldea has been appointed the new President and CEO of The Timken Company.
When does Lucian Boldea officially take over as CEO?
His official start date is September 1, 2025.
What experience does Lucian Boldea bring to Timken?
Boldea has over 25 years of industry experience, including leadership roles at Honeywell and Eastman Chemical Company.
What industries does Timken operate in?
Timken operates in engineered bearings and industrial motion sectors, offering a wide range of products and services.
How many employees does Timken have globally?
The company employs approximately 19,000 people worldwide.
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