Timken Appoints Two Key Executives to New Leadership Positions
CANTON, Ohio, Aug. 7, 2012 /PRNewswire-FirstCall/ -- The Timken Company (NYSE: TKR) today announced that Christopher A. Coughlin and Richard G. Kyle have been named to the newly created positions of group presidents. In these roles, Coughlin and Kyle will be responsible for all activities related to the company's four business segments.
In making the announcement, James W. Griffith, president and CEO for Timken, explained that effective Sept. 1, Coughlin assumes leadership of the company's Mobile (MBT) and Process Industries segments while Kyle takes the helm of the Aerospace and Steel segments. Each also will hold corporate-wide responsibilities, with quality assurance and advancement activities reporting to Coughlin and Kyle overseeing the enterprise's innovation, engineering and technology efforts. They will continue to report to Griffith.
The company also announced that Salvatore J. Miraglia, president of the Steel Business, intends to retire at the end of the year, after more than 40 years of service with the company.
"We appreciate the many contributions Sal has made to the company with his rare blend of technology, operations and supply chain expertise," said Griffith. "Now, as the company continues to evolve and grow, we have an opportunity to further leverage and elevate the talent resident in our executive ranks.
"The company's performance in recent years demonstrates the potential of our strategy to grow in markets where our knowledge allows us to create unique value for our customers," said Griffith. "The new roles position Rich and Chris to accelerate the growth of the company and to ensure that we continue to develop the capabilities that fuel this success. Their track records underscore their leadership excellence, and these appointments afford another opportunity for us to further strengthen the company and its long-term earnings power."
Coughlin joined Timken in 1984 in the company's steel operations, working on the original Faircrest Steel Plant project. He subsequently served as business development manager and held management positions in the company's European headquarters in Colmar, France, including vice president of industrial equipment, vice president of process industries and vice president of primary metals. He was named senior vice president of supply chain and Project O.N.E., during which time he led a multiyear initiative to streamline business processes and implement an enterprise resource planning system. Since 2010, he has been president of Process Industries and Supply Chain. Coughlin serves on the board of directors of the American Bearing Manufacturers Association and the Akron Canton Foodbank. He holds a bachelor's degree in metallurgical engineering from the University of Cincinnati and a master's degree in business administration from Case Western Reserve University.
Kyle started his career at Timken in 2006 as vice president of manufacturing for the company's former Industrial Group. Subsequently, he was promoted to president of Mobile Industries, where he drove the transformation of the segment as well as managed global manufacturing operations. In 2010, Kyle's role was expanded to include the Aerospace and Defense segment, the position he held at the time of this appointment. Prior to joining Timken, he held a variety of management positions with Cooper Industries and then was vice president of operations for a division of Hubbell, Inc. until 2006. Kyle received a bachelor's degree in mechanical engineering from Purdue University and a master's degree in management from Northwestern University's J.L. Kellogg Graduate School of Management. He currently is a member of the Board of Directors for United Way of Stark County.
Miraglia joined Timken in 1972 as a metallurgist and subsequently progressed through a variety of roles in research and purchasing. During his tenure, he held the positions of director of manufacturing in Europe, group vice president of industrial and super precision bearings in North America, and senior vice president of technology. He was named to his current position of president of the Steel group in 2005. A member of the American Society of Professional Engineers, the American Institute of Metallurgical Engineers and the American Society for Metals, Miraglia also serves on the president's council of the Manufacturers Alliance/MAPI. He is a member of the Ohio Aerospace Institute Board of Trustees and was appointed President/Chairman of the Ohio Steel Council. Miraglia holds a bachelor's degree in metallurgy and material science from Lehigh University and a master's degree in metallurgy and material science from Case Western Reserve University.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) keeps the world turning with innovative friction management and mechanical power transmission products and services that help machinery perform more efficiently and reliably. With sales of $5.2 billion in 2011 and approximately 21,000 people operating from locations in 30 countries, Timken is Where You Turn® for better performance.
The Timken Company
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