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Timken Company Restructuring

In a strategic move aimed at enhancing operational efficiency, The Timken Company (NYSE: TKR), a prominent player in advanced motion technology, has unveiled significant changes to its executive leadership. The company's recent announcement detailed the creation of two pivotal roles: Chief Commercial Officer (CCO) and Chief Operating Officer (COO). This reorganization aligns with Timken’s broader objectives encapsulated in its "Elevate to Outperform" strategy, reflecting its ambitions to streamline operations and strengthen its global presence.

New Leadership Roles

Effective September 1, Tim Graham will assume the role of executive vice president and CCO. In this newly established position, Graham is charged with consolidating the company’s sales force, ensuring a unified approach to customer service across various regions. His immediate focus will encompass oversight of the commercial strategy, enhancing marketing efforts, and driving revenue growth company-wide.

Steve Ribaudo will also step into the fold as the new executive vice president and COO, bringing nearly two decades of experience in global operations. Ribaudo’s role aims to optimize the company’s operations, which includes refining procurement, supply chain functions, and the implementation of operational excellence initiatives. This shift is set to bolster Timken's global operational capabilities, fast-tracking the decision-making process while enabling swift execution of strategies across all its markets.

Leadership Insights

Lucian Boldea, the president and CEO of Timken, expressed confidence in the new appointments, believing they will significantly contribute to the company's growth trajectory. He stated, “This change is designed to enhance execution, speed, and accountability to accelerate profitable growth and better serve our customers.” Boldea highlighted that both leaders will play crucial roles in the next stage of Timken’s transformation, with Ribaudo’s operational background poised to strengthen performance and Graham’s extensive experience within Timken set to enhance customer engagement.

Backgrounds of the New Executives

Tim Graham: Prior to becoming CCO, Graham served as the executive vice president and president of the Industrial Motion business. With over 20 years at Timken, he has developed a profound understanding of the company and has successfully managed global teams while leading complex operations. He holds a bachelor's degree in transportation and logistics management from Kent State University and an executive MBA from the University of Memphis.

Steve Ribaudo: Ribaudo's career spans nearly two decades in various global operations roles. Before joining Timken, he led teams at Carrier Global Corp in the HVAC sector and held senior positions at Collins Aerospace. Ribaudo has demonstrated a remarkable ability to improve business performance through innovative strategies and customer relationship strengthening. He earned a bachelor's degree in applied science from Keene State College and a master’s in finance and business administration from Norwich University.

Timken Company Overview

For over 125 years, The Timken Company has established itself as a leader in advanced motion technology, providing highly engineered systems and components for niche markets such as aerospace, defense, and industrial solutions. In 2025, the company reported sales of approximately $4.6 billion and boasts a workforce of about 19,000 individuals operating across 45 countries worldwide. Timken's commitment to innovation positions it firmly as a trusted partner internationally, striving to optimize performance throughout the application lifecycle.

Stay updated on Timken’s developments by visiting their website at www.timken.com or following them on social media.

Conclusion

The strategic placement of Tim Graham and Steve Ribaudo into these pivotal roles reflects Timken's determination to enhance operational efficiency and drive customer-focused growth. As the company evolves, these leadership changes signal a promising future for its global presence and operational effectiveness.