Timken Company Welcomes New Board Member
The Timken Company (NYSE: TKR), a recognized leader in engineered bearings and industrial motion, has announced the recent appointment of Kimberly K. (Kim) Ryan to its Board of Directors. With this addition, the Board now consists of 13 dedicated members, poised to guide the company in achieving its ambitious goals.
Kim Ryan's Background and Experience
Ryan has an impressive track record, currently serving as the director, president, and CEO of Hillenbrand, Inc. (NYSE: HI). Since 2021, she has been leading this global industrial company that specializes in providing solutions across durable plastics, food production, and recycling industries, among others.
Before her tenure at Hillenbrand, Ryan held pivotal roles in various capacities, especially as the president of the company's largest business unit, Coperion, where she was instrumental in scaling its operations from 2015 to 2021. She began her career in 1989 at Batesville, a former subsidiary of Hillenbrand, progressing through various leadership roles in finance and operations.
Strategic Importance of Ryan's Appointment
John M. Timken, Jr., the Chairman of the Board, expressed enthusiasm over Ryan's appointment. He stated, "Kim's extensive experience across industrial sectors and as an executive leader will be an excellent addition to our Board. We welcome her deep expertise in global manufacturing and business operations and look forward to her valuable perspective as we work to accelerate profitable growth." Timken's words reflect the strategic foresight behind adding a leader of Ryan's caliber.
Board Committees
As part of her role, Ryan will contribute to the Board's Compensation and Audit committees, helping to shape the policies that govern executive performance and accountability within the company. Her insights will be invaluable as Timken navigates the complexities of today’s competitive landscape.
Educational Background and Community Engagement
Kim Ryan holds a bachelor's degree in business administration and accounting from Iowa State University, illustrating her strong foundation in business principles. Additionally, she actively participates in the National Association of Manufacturers Board of Directors and is a member of the Dean's Advisory Council at Iowa State University's Ivy School of Business, demonstrating her commitment to furthering education and industry standards.
About The Timken Company
The Timken Company (NYSE: TKR) is a global technology leader specializing in engineered bearings and industrial motion. With over 125 years of experience, Timken continues to innovate, creating solutions that enhance reliability and efficiency across various industries. In 2023, the company reported impressive sales of $4.8 billion and maintains a strong workforce of approximately 19,000 employees across 45 countries.
Contact Information
If you have any media inquiries, please reach out to Scott Schroeder at 234.262.6420. Investor relations can be directed to Neil Frohnapple at 234.262.2310.
Frequently Asked Questions
Who is Kim Ryan?
Kim Ryan is the CEO of Hillenbrand, Inc. and has recently been appointed to the Board of Directors at The Timken Company.
What does The Timken Company do?
The Timken Company specializes in engineered bearings and industrial motion, providing innovative solutions across various industries.
Why is Kim Ryan's appointment significant?
Her extensive experience in industrial sectors and leadership roles will bring valuable insights to Timken’s strategic decision-making processes.
What committees will Kim Ryan serve on?
Kim Ryan will serve on the Compensation and Audit committees of The Timken Company's Board of Directors.
How long has Timken been in business?
Timken has been in business for over 125 years, continuously focusing on reliability and efficiency in its solutions.
