Timken Elects Lincoln Electric CEO Christopher L. Mapes To Its Board of Directors; Announces 2014 Board Slate

   Timken Elects Lincoln Electric CEO Christopher L. Mapes To Its Board of
                    Directors; Announces 2014 Board Slate

PR Newswire

CANTON, Ohio, Feb. 14, 2014

CANTON, Ohio, Feb. 14, 2014 /PRNewswire/ --The Timken Company's (NYSE: TKR;
www.timken.com) board of directors has elected Christopher L. Mapes a director
of the company. Additionally, the board announced its slate of candidates to
be elected at the 2014 Annual Meeting of Shareholders scheduled in Canton on
Tuesday, May 13.

(Photo: http://photos.prnewswire.com/prnh/20140214/CL65629 )
(Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO )

Mapes currently serves as chairman, president and chief executive officer of
Lincoln Electric Holdings, Inc. (NASDAQ: LECO), a global manufacturer and
market leader of high-quality welding, cutting and joining products. He
oversees all of Lincoln Electric's businesses, as well as its global product
development initiatives. A 119-year-old company based in Cleveland, Ohio,
Lincoln Electric operates 45 manufacturing locations in 19 countries and
generated $2.9 billion in revenue in 2012.

"Chris Mapes brings to our board a wide breadth of experience in manufacturing
management and global development as well as his perspective as an active CEO
of a well-respected manufacturer," said Ward J. "Tim" Timken Jr., chairman of
the Timken board. "We look forward to his counsel and guidance as a new
leadership team takes the helm and drives The Timken Company to continued
success."

Mapes was named president and chief executive officer of Lincoln Electric on
Dec.31, 2012, and a year later was elected chairman of the board. Prior to
joining the company in late 2011 as its chief operating officer, Mapes was
executive vice president of A.O. Smith Corp. and president of its Electrical
Products Company, a former division of A.O. Smith Corp. His 25-year career in
manufacturing management also includes roles with Regal-Beloit Corp., Superior
Telecom, Essex Group and General Motors Corporation. He holds a bachelor's
degree from Ball State University in Muncie, Ind., a law degree from the
University of Toledo in Ohio and a master of business administration degree
from Northwestern University's Kellogg Graduate School of Management in
Evanston, Ill.

Separately, the Timken board of directors selected candidates for election to
new one-year terms, noted that three current directors will not seek
re-election when their terms end, and announced four individuals whom the
board expects to assume new director roles when the TimkenSteel Corporation
board forms later this year. The candidates for election are:

  oPhillip R. Cox, president and chief executive officer of Cox Financial
    Corporation, and a Timken director since 2004;
  oDiane C. Creel, retired chairman, chief executive officer and president of
    Ecovation, Inc., named to the Timken board in 2012;
  oRichard G. Kyle, chief operating officer of bearings and power
    transmission for Timken, named a director in 2013;
  oJohn A. Luke, Jr., chairman and chief executive officer of MeadWestvaco
    Corporation, and a member of the Timken board since 1999;
  oChristopher L. Mapes, chairman, president and chief executive officer of
    Lincoln Electric Holdings, Inc., named to the Timken board in 2014;
  oJoseph W. Ralston, retired general, USAF, and vice chairman of The Cohen
    Group, and a Timken director since 2003;
  oJohn P. Reilly, former chairman, president and chief executive officer of
    Figgie International, and a Timken director since 2006;
  oJohn M. Timken, Jr., private investor, and member of the Timken board
    since 1986;
  oFrank C. Sullivan, chairman and chief executive officer of RPM, Inc., and
    a Timken board member since 2003;
  oWard J. Timken, Jr., chairman of the Timken board of directors, and a
    director since 2002; and
  oJacqueline F. Woods, retired president of AT&T Ohio, named a Timken
    director in 2000.

Not seeking re-election are: James W. Griffith, a director since 1999 and
currently Timken president and CEO, who announced his intent to retire from
the company at the time of the pending separation of the steel business; Ward
J. Timken, who has served as a director since 1971; and John M. Ballbach, who
has served as a director since 2009.

The board expects that Cox, Creel, Reilly and W. J. Timken, Jr., will be named
TimkenSteel Corporation directors when that board forms later this year. It
also anticipates Creel and Cox will resign from The Timken Company board when
the TimkenSteel spinoff is finalized, while Reilly and Timken are expected to
serve on both boards.

About The Timken Company

The Timken Company (NYSE: TKR; www.timken.com), a global industrial technology
leader, applies its deep knowledge of materials, friction management and power
transmission to improve the reliability and efficiency of industrial machinery
and equipment all around the world. The company engineers, manufactures and
markets mechanical components and high-performance steel. Timken^® bearings,
engineered steel bars and tubes—as well as transmissions, gearboxes, chain,
related products and services—support diversified markets worldwide. With
sales of $4.3 billion in 2013 and approximately 19,000 people operating from
28 countries, Timken makes the world more productive and keeps industry in
motion.

Media Contact:
Pat Carlson-Burnham
Global Media Relations
1835 Dueber Avenue, S.W.
Canton, OH 44706-0927 U.S.A.
Telephone: (330)471-3514
pat.carlson@timken.com

Investor Contact:
Steve Tschiegg
Director – Capital Markets & Investor Relations
1835 Dueber Avenue, S.W.
Canton, OH 44706-0927 U.S.A.
Telephone: (330)471-7446
steve.tschiegg@timken.com

SOURCE The Timken Company

Website: http://www.timken.com
 
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