The Timken (TKR) Company Board of Directors announced that, effective immediately, Tarak Mehta is departing as CEO and director based on mutual agreement due to personal reasons. Richard Kyle will return as interim president and CEO. Kyle is a member of the Timken Board of Directors and served as the company’s CEO from 2014 to 2024. The Timken Board of Directors has launched a comprehensive CEO search process, retaining search firm Crist Kolder Associates. Work is underway to identify the most qualified internal or external candidate to serve as the company’s next CEO.
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