#United States #Board of Directors #North Canton #Timken Company #Kim Ryan

Timken Company's Board Expansion

The Timken Company, a global leader in the engineered bearings and industrial motion sector, has recently made a significant addition to its Board of Directors. On January 21, 2025, the company announced that Kimberly K. (Kim) Ryan, the current President and CEO of Hillenbrand, Inc., has been appointed to its Board, expanding its membership to 13 directors.

Background on Kim Ryan

Kim Ryan comes to Timken with a wealth of experience in the industrial landscape. Since 2021, she has been steering Hillenbrand, a company known for supplying durable solutions across various sectors, including plastics, food, and recycling. Her prior leadership roles include serving as the president of Coperion, which is recognized as a global leader in compounding systems. Ryan’s career commenced at Batesville, a former Hillenbrand subsidiary, in 1989. Over the years, she has climbed the ranks, building expertise in several domains including finance, strategy, operations, and logistics.

John M. Timken, Jr., the Chairman of the Board, highlighted Ryan's extensive background in industrial operations as an asset for Timken. "Kim's varied experience across industrial sectors and her executive position make her an excellent fit for our Board," Timken stated. Her insights into global manufacturing and business operations are anticipated to enrich the company’s strategic decision-making process as it endeavors to foster profitable growth.

Timken's Vision and Future Directions

Established over 125 years ago, The Timken Company has adapted to meet the evolving needs of the industry while innovating to enhance product reliability and efficiency. With reported sales of $4.8 billion in 2023, the company has established its footprint globally, employing around 19,000 workers in 45 countries. The addition of Kim Ryan to the Board is poised to empower Timken to further this innovative journey.

Ryan will contribute to the Board's Compensation and Audit committees, effectively bringing her strategic oversight to key areas that ensure Timken's sustainable growth and accountability. On top of this, she holds a degree in Business Administration and Accounting from Iowa State University and actively participates in the National Association of Manufacturers Board of Directors.

Conclusion

With powerful leadership changes, Timken continues to reinforce its commitment to progress. Kim Ryan's appointment signals a new chapter for the company, illustrating its focus on integrating robust experience into its leadership. As the business embarks on new ventures, having board members like Kim is expected to provide invaluable perspectives crucial for navigating the complex landscape of global industrial markets. This strategic move not only strengthens their governance but also embodies the company’s dedication to innovation and community engagement in various sectors.