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Timken Announces Planned Retirement of Christopher A. Coughlin, EVP & President, Industrial Motion

1. Christopher Coughlin retires after 41 years with Timken. 2. Coughlin significantly contributed to Timken’s growth and operational efficiency. 3. A successor is being sought to ensure leadership continuity.

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Why Neutral?

While Coughlin's retirement marks a leadership change, it does not directly impact TKR's financials. Previous leadership changes at major firms have seen mixed results on stock performance.

How important is it?

Leadership changes can signal shifts in company strategy, but historical impacts vary; thus, moderate importance to TKR.

Why Short Term?

The immediate transition may cause slight volatility as the new leader is identified. Long-term impact depends on the successor's effectiveness in maintaining growth strategies.

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TKR
, /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced that Christopher A. Coughlin, executive vice president and president, Industrial Motion, will retire at the end of the year after 41 years with the company. Chris Coughlin "Chris has been an invaluable part of Timken's leadership team, demonstrating exemplary stewardship and a deep commitment to the company's mission for more than four decades," said John M. Timken Jr., chairman of the Timken Board of Directors. "On behalf of the board, I thank Chris for his strong leadership and wish him well in retirement." "Chris has played a key role in the performance improvement of the company over the years," said Tarak Mehta, president and chief executive officer. "This includes diversifying the company's business through organic growth initiatives, product innovation and strategic M&A. In his most recent position, Chris expanded the company's industrial motion offerings to better serve our customers' evolving needs. We are grateful to Chris for his many contributions." Prior to his current role, Coughlin led the engineered bearings business. He is credited with developing Timken's global manufacturing footprint and extensive distribution network, delivering industry-leading quality and customer service levels and running Timken operations with greater efficiency to drive performance. "My time at Timken has been filled with memorable experiences and opportunities to work with many great people around the world," Coughlin said. "I appreciate the Timken team and the partnerships we built with our customers, and I'm optimistic about the future of the company."A search process is underway to identify Coughlin's successor and ensure a seamless transition.About The Timken CompanyThe Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For more than 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted $4.6 billion in sales in 2024 and employs approximately 19,000 people globally, operating from 45 countries.Media Relations:Scott Schroeder234.262.6420[email protected]Investor Relations:Neil Frohnapple234.262.2310[email protected] SOURCE The Timken Company WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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