June 11, 2014
Timken Tabs New President to Replace Retiring Griffith
Timken Co., Canton, Ohio, has named Richard G. Kyle as president and chief operating officer. Timken also appointed John M. Timken, Jr., as chairman of the board.
Kyle replaces James W. Griffith, who served as Timken's president since 1999 and CEO since 2002. Griffith is retiring from the company, but will remain through the end of the month to assist with the transition and to oversee the spinoff of TimkenSteel Corp. as an independent publicly traded company.
Kyle began his career at Timken in 2006 as vice president of manufacturing and was named president of the aerospace and mobile industries segments in 2008. In 2012, Kyle was named group president, responsible for the aerospace and steel segments, as well as the engineering and technology organization. He was named chief operating officer in September 2013, and has been a director since November 2013.
John Timken's role as non-executive chairman of the board is a change to Timken corporate governance. Ward J. "Tim" Timken, Jr., who had been executive chairman since 2005, will serve as chairman, chief executive officer and president of the new TimkenSteel Corp., and will remain a director on the Timken board.