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Timken Awards $540,000 in Scholarships to Cultivate Young Talent Around the World

1. Timken awarded scholarships to 20 students pursuing diverse careers. 2. The program has allocated over $27 million since 1958, supporting 855 students. 3. Timken emphasizes investment in future leaders enhances company reputation. 4. Scholarship winners include students from the U.S., India, and France. 5. Timken's financial health reflects strong sales of $4.6 billion in 2024.

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Why Neutral?

While positive community engagement enhances brand value, there is no immediate financial impact.

How important is it?

Community investment can improve public opinion, but no direct financial events are indicated.

Why No Impact?

Philanthropic efforts show goodwill but do not directly affect short-term stock performance.

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, /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) is helping fund the futures of 20 students in pursuit of careers ranging from astrophysics to nursing. In an awards ceremony today, the company presented college scholarships to the children of Timken employees in the United States, India and France. Since the Timken Global Scholars Program's inception in 1958, The Timken Company Charitable and Educational Fund has awarded more than $27 million in scholarships to 855 students. "At Timken, we believe that our shared future is shaped by the minds we invest in today," said Timken Chairman John M. Timken, Jr. "The Timken Global Scholars program represents our commitment to nurturing the next generation of thinkers, leaders and innovators who will drive progress and excellence around the world." Andrew Ziarko, son of senior manager of employee and industrial relations, occupational health and security services Michael Ziarko and Andrea Ziarko, earned the Henry Timken Scholar Award, valued at $25,000 annually and renewable for up to three years. Andrew is a senior at Hoover High School in North Canton, Ohio, and plans to study biomedical engineering and pre-dentistry at The Ohio State University. McGregor Brough, son of sales specialist Benjamin Brough and Nicki Brough, received the Jack Timken Scholar Award, valued at $20,000 annually and renewable for up to three years. McGregor is a senior at Ridgeline High School in Millville, Utah, and plans to study business at Utah State University. Joining Andrew and McGregor as scholarship winners, six students received $10,000 annual awards, renewable for up to three years. They include: Hannah Harley, daughter of commodity manager Anthony Harley and Lora Harley from Jackson High School in Massillon, Ohio. She intends to major in biology at Michigan State University. Frederick Li, son of noise, vibration and harshness (NVH) scientist Desheng (Victor) Li and Hongyang (Sophia) Liu from Hudson High School in Hudson, Ohio. He plans to study biomedical engineering with a pre-med focus at Washington University in St. Louis, Mo. Carter Russell, son of Americas business manager Steven Russell and Noelle Russell from Hoover High School in North Canton, Ohio. He aspires to study computer science and biomedical engineering at Massachusetts Institute of Technology. Vedant Saraswat, son of general manager of plant operations Rajeev Kumar and Roopali Saraswat from Narbheram Hansraj English School in Jamshedpur, India. He plans to study organic chemistry at the National University of Singapore. Aakar Sinha, son of operator technician Prasanta Sinha and Anjali Sinha from Gayatri Shiksha Niketan School in Jamshedpur, India. Aakar plans to major in computer science with a minor in mathematics at Stanford University. Navneet Vamanamoorthy, son of head of continuous improvement, strategic projects and sustainability Vamanamoorthy Hariharan and Sri Vidya from Narayana Educational Institute in Bangalore, India. He plans to attend All India Institute of Medical Sciences and major in medical sciences. The following 12 students earned $10,000 one-time scholarships: Kendria Bynum, daughter of package bearing manufacturing associate Billy Joe Bynum and Barbara Bynum from Lincolnton High School in Lincolnton, N.C. She plans to pursue a bachelor's degree in accounting at the University of North Carolina. Layla De Vries, daughter of communications specialist Raymond De Vries and Susanne De Vries from University of Freiburg in Germany, where she is currently pursuing a medical degree.   Kristina Hess, daughter of manager of vendor management Michael Hess and Emma Hess from Kent State University in Kent, Ohio. She is currently pursuing a bachelor's degree in speech pathology and audiology. Sylvia Hough, daughter of manager of supply chain planning Bryan Hough and Shandra Hough from Perry High School in Massillon, Ohio. She plans to major in astrophysics at The Ohio State University. Martina Klecka, daughter of senior customer relations management representative Dana Kowalewski and Mike Kowalewski from Azusa Pacific University in Azusa, California. She is currently pursuing a degree in kinesiology.   Brynn Otto, daughter of Rollon Group human resources director Lori Otto and Kristopher Otto from Hackettstown High School in Hackettstown, N.J. She plans to study biological sciences at Clemson University. Tanishq Pauskar, son of manager of process design and development Praveen Pauskar and Privi Pauskar from Purdue University in West Lafayette, Ind., where he is pursuing a degree in computer science and mathematics. Kendall Powell, daughter of regional manager Stephen Powell and Terri Powell from Coastal Carolina University in Conway, S.C. Kendall is currently pursuing a bachelor's degree in exercise science.   Ellie Starnes, daughter of supply chain specialist Christine Starnes and Mark Starnes from East Canton High School in East Canton, Ohio. Ellie plans to major in nursing at Miami University of Ohio. Rheanne Tullock, daughter of senior customer relations management analyst Rebecca Tullock and Shane Tullock from Salem College in Winston-Salem, N.C. Rheanne is an undergraduate student pursuing a degree in exercise science. Anna Unke, daughter of facility general manager Keith Unke and Lauren Unke from Hudson High School in Hudson, Ohio. Anna plans to major in global studies and psychology at Colorado College. Rachel Williams, daughter of sales specialist Quinton Williams Jr. and Kristi Williams from Arizona State University in Tempe, Ariz. Rachel is pursuing a degree in applied biological sciences and pre-veterinary medicine. About The Timken Company The 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] 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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